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  • Salam

    • CM-8.1.12

      As a policy no Salam contracts must be entered into without covering the position through a Parallel Salam contract.

      Amended: July 2011
      October 2007

    • CM-8.1.13

      Where the bank is not able to enter into a Parallel Salam contract it must agree a statement policy with the CBB.

      Amended: January 2011
      October 2007

    • CM-8.1.14

      For a detailed definition, disclosure requirements and method(s) of accounting treatment, refer to AAOIFI's FAS 7: Salam and Parallel Salam.

      October 07