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CM-2.10.7

The total amount of the licensee’s investments in commercial entities, other than associated companies considered under CM-2.5.14, may not exceed the limits set forth below:

Limits on major investments in commercial entities* Individual Limit** Aggregate Limit**
Major investments by retail Islamic bank licensees 15% 30%
Major investments by wholesale Islamic bank licensees undertaking commercial banking business 40%
Major investments by wholesale Islamic bank licensees undertaking investment banking business 70%

*Exposure for this purpose includes investment in capital instruments and any other exposure to the subject entity
** Limits expressed as a percentage of Total Tier 1 Capital.

Added: June 2022