Wakalah - Submission Requirements

Transcription

1. Wakalah PART D 28 . 18 of 20 SUBMISSION REQUIREMENT Submission requirement S 28.1 An IFI that currently offers a product or service that is structured based on wakalah contract must assess the consistency of such product or service with this policy document and if applicable, develop necessary action plan to comply with this policy document. The action plan and the implementation plan shall be submitted to Jabatan Perbankan Islam dan Takaful (JPIT) no later than 31 October 2016. S 28.2 An IFI must immediately notify JPIT if the IFI identifies any cause that will affect full compliance with this policy document by 1 July 2018. Issued on: 24 June 2016