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TC-1.1.1

Individuals occupying controlled functions (refer to Paragraphs LR-1A.1.5 to 1A.1.16) in an Islamic bank licensee must be qualified and suitably experienced for their specific roles and responsibilities. The controlled functions are those of:

(a) Board Member;
(b) Chief Executive or General Manager and their Deputies;
(c) Chief Financial Officer and/or Financial Controller
(d) Head of Risk Management;
(e) Head of Internal Audit;
(f) Shari'a Officer;
(g) Compliance Officer;
(h) Money Laundering Reporting Officer;
(i) Deputy Money Laundering Reporting Officer; and
(j) Head of Internal Shari'a Audit; and
(k) Heads of other Functions.
Amended: October 2018
October 2013