CA-6.2.5
Gross income is defined as:
(a) Net income from financing activities which is gross of any provisions (e.g. for unpaid profit or non-performing facilities), operating expenses (including outsourcing service providers), depreciation of Ijarah assets and excludes realised profits/losses from the sale of securities (e.g. sukuk) in the banking book;
(b) Net income from investment activities. This includes the Islamic bank licensee's share of profit from musharakah and mudarabah financing activities; and
(c) Fee income (e.g. commission and agency fee)
Less:
(d) Share of above income attributable to investment account holders and other account holders; and
(e) Extraordinary or exceptional income and income from Takaful activities.
Amended: July 2015
January 2015
January 2015