PD-1.3.34
Past version: Effective from 01 Apr 2008 to 30 Sep 2010
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The following qualitative disclosures should be made in addition to PD-1.3.32 (a) to (g) when the concerned Islamic bank has restricted investment accounts:
a) Written policies on the bank's fiduciary duties in managing
IAH funds, and the policies and procedures for monitoring
these duties.
b) The duties and obligations of investment account managers
in managing the IAH funds, and the policies and procedures
for monitoring these duties and obligations.
April 2008