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  • Record Keeping

    • TC-2.1.4

      An Islamic bank licensee must make and retain records of its recruitment procedures for a minimum period of five years. Such procedures should be designed to adequately take into account proof of the candidates' knowledge and skills and their previous activities and training.

      October 2013

    • TC-2.1.5

      In addition to recruitment procedures in Paragraph TC-2.1.4, the Islamic bank licensee must retain the recruitment records of approved persons for a minimum period of five years following termination of their services or employment with the bank. Such records must include, but are not limited to, the following:

      (a) Results of the initial screening;
      (b) Results of any employment tests;
      (c) Results and details of any interviews conducted;
      (d) Background and references checks; and
      (e) Details of any professional qualifications.
      October 2013