• Application and Interpretation

    • IFR 5.4.1

      (a) This IFR 5 applies when calculating Credit Risk or Market Risk in respect of Islamic Contracts invested in or held by an Authorised Person Managing a PSIA, which is an Unrestricted PSIA.
      (b) In IFR 5.4.1(a), the Islamic Contracts referred to are contracts which are funded by amounts invested in the relevant Unrestricted PSIA.
      (c) In this IFR 5, the term "investing in or holding Islamic Contracts" means investing in or holding as principal.