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CA-1.1.6

Past version: Effective from 01 Jan 2015 to 31 Dec 2021
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For the measurement of their operational risks, Islamic bank licensees have a choice, subject to the written approval of the CBB, between two broad methodologies:

(a) The basic indicator approach, by applying the measurement framework described in Chapter CA-6 of this Module; and
(b) The standardised approach (also in Chapter CA-6). This approach is subject to certain conditions (outlined in Chapter OM-8) and requires the explicit approval of the CBB.
January 2015