The criteria listed above are only intended to be guidelines, and a bank will not automatically qualify for exemptions upon meeting them. Islamic bank licensees doing negligible foreign currency business, which do not take foreign exchange positions for the Islamic bank licensee's own account, and wish to seek exemption from foreign exchange risk capital requirements, should submit an application to the CBB, in writing. The CBB will have the discretion to grant such exemptions. The CBB may also, at its discretion, fix a minimum capital requirement for an Islamic bank licensee that is exempted from calculating its foreign exchange risk capital requirement, to cover the risks inherent in its foreign currency business.