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  • The Role of the Senior Management

    • CM-1.2.13

      Senior management of the Islamic bank licensee is responsible for developing, implementing and approving sound credit risk procedures in accordance with credit risk policies approved by the Board.

      Added: June 2022

    • CM-1.2.14

      Senior management must determine that the staff involved in any credit relationship, whether established or new, basic or complex, have the necessary knowledge, skill sets, experience and are fully capable of ensuring the relationship meets the highest standards and in compliance with the licensee’s policies and procedures.

      Added: June 2022

    • CM-1.2.15

      Senior management must ensure that risk monitoring systems are in place for effectively undertaking the activities of credit risk management.

      Added: June 2022