TC-1.1.11
In accordance with Paragraph LR-1A.1.12, an employee of appropriate standing must be designated by the
(a) Having responsibility for oversight of the Islamic bank licensee's compliance with the requirements of the CBB and other applicable laws and regulations;
(b) Raising awareness and providing training for the Islamic bank licensee's staff on compliance issues; and
(c) Reporting to the Islamic bank licensee's Board in respect of that responsibility.
October 2013