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  • Valuation Adjustments

    • CA-5.1.17

      As part of their procedures for marking to market, Islamic bank licensees must establish and maintain procedures for considering valuation adjustments. Islamic bank licensees using third-party valuations must consider whether valuation adjustments are necessary. Such considerations are also necessary when marking to model.

      January 2015

    • CA-5.1.18

      Islamic bank licensees must consider the following valuation adjustments/reserves at a minimum: unearned profit, close-out costs, operational risks, early termination, investing and funding costs, and future administrative costs and, where appropriate, model risk.

      January 2015