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BC-4.20.5

Islamic retail bank licensees must not treat a customer account as dormant if any one or more of the following criteria are met:

a) The customer has other accounts, of any nature, with the licensee in respect of which there are active transactions initiated by the account holder;
b) The account is blocked under the requirements of a relevant competent authority; or
c) The account is subject to litigations or constraints from other regulatory authorities or the customer is deceased.

 

Added: January 2022