GR-7.1.1

As specified in Article 50 of CBB Law, an Islamic bank licensee wishing to cease to provide or suspend any or all of the licensed regulated services, completely or at any of its branches must obtain prior written approval from the CBB, setting out how it proposes to do so and, in particular, how it will treat any Shari'a money placements/deposits, and investment accounts, that it holds.

Amended: October 2011
October 07