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  • Collective Investment Undertakings (CIUs)

    • RM-4.3.9

      Islamic bank licensees have a fiduciary duty to apply the same risk management policies and procedures to assets held on behalf of investors in CIUs as they do for assets held on behalf of shareholders and unrestricted IAH.

      January 2013

    • RM-4.3.10

      Where Islamic bank licensees play the role of market maker to CIUs, this gives rise to liquidity risk, which should be managed according to appropriate procedures as set out in Chapter RM-5

      January 2013