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OFS-5.7.1

The application for approval from the CBB for making an offering of Islamic securities must include the following attachments:

(a) A declaration by the Shari'a advisor that the transaction is in compliance with the principles of Shari'a;
(b) A declaration by the issuer that the vehicle issuing the securities will remain subject to proper Shari'a review, until the maturity date of the security; and
(c) A copy of the trust deed or other document securing or constituting the Islamic securities.
January 2014