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  • Reserve Requirements

    • BR-4.1.4A

      The Banking Services Directorate will calculate the reserve requirement of each Islamic bank licensee bank on a monthly basis using the figures reported in the monthly statistical report, Form SR-2 (see Rule BR-4.1.2 above) and will notify each bank of its required reserve (if any).

      July 2011
      October 2007

    • BR-4.1.4B

      The monthly reserve requirements will be calculated as 5% of the total of an Islamic bank licensee's BD non-bank funds (whether call or unrestricted investment accounts – see LR-2.5.10).

      July 2011
      July 2009
      April 2008
      October 07

    • BR-4.1.4C

      Reserve requirements, because of their scope of coverage (cf. Rule BR-4.1.4B), generally only apply to retail banks. They may apply, however, to wholesale banks, if they undertake on-shore business (cf. Section LR-1.2).

      July 2011
      October 2007