BC-9.4.1

Past version: Effective from 01 Apr 2008 to 31 Dec 2010
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An Islamic bank licensee must classify the persons with or for whom it intends to carry on regulated banking services listed in BC-9.2.1, in accordance with the requirements in this Section, and communicates its classification to the person concerned. The customer must be notified of his/her customer classification before any documentation is finalised or regulated banking services or products listed in BC-9.2.1 are offered.

Added: April 08