BC-9.4.1

Past version: Effective from 01 Jan 2011 to 30 Jun 2015
To view other versions open the versions tab on the right

An Islamic bank licensee must classify the persons with or for whom it intends to carry on regulated banking services listed in Paragraph 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 where regulated banking services or products listed in Paragraph BC-9.2.1 are offered.

Amended: January 2011
Added: April 2008