‹ Shari'a Compliant Transactions LR-1.2.28 › LR-1.2.27 Conventional bank licensees may not hold themselves out as an Islamic bank. Conventional bank licensees may only enter into activities (c) to (e) listed in Rule LR-1.3.1, in accordance with the conditions outlined in Section LR-1.4. October 2007 ‹ Shari'a Compliant Transactions LR-1.2.28 ›