Versions

 

BC-9.12.18

Before an Islamic bank licensee enters into a transaction for a customer, either directly or indirectly, with or through the agency of another person, under a soft dollar agreement which the Islamic bank licensee has, or knows that another member of its group has, with that other person, it must disclose to its customer:

(a) The existence of the soft dollar agreement; and
(b) The Islamic bank licensee's or its group’s policy relating to soft dollar agreements.
Added: April 08