Guidelines on the Application of Banking Regulations to Islamic Banking
These guidelines apply to all financial institutions offering Islamic banking in Singapore.
The guidelines cover:
- MAS’ general approach to the regulation of Islamic banking
- Admission framework for Islamic banks
- Regulatory treatment for Islamic banking products
- 01 Jul 2022
- Guidelines on the Application of Banking Regulations to Islamic Banking dated 1 July 2021 is revised.
- 01 Jul 2021
- Guidelines on the Application of Banking Regulations to Islamic Banking dated 1 April 2010 is revised.
Risk-based capital adequacy requirements for reporting banks incorporated in Singapore.
Requirements for banks in Singapore on minimum liquid assets (MLA) and liquidity coverage ratio (LCR).
Requirements for banks on anti-money laundering (AML) and countering the financing of terrorism (CFT).
Covers requirements for the minimum amount of eligible assets that foreign banks must maintain in Singapore.
Requirements for banks on maintaining credit files, grading credit facilities and determining credit loss allowance.
Governs the licensing and regulation of banks, merchant banks and related institutions, including their credit card and charge card business.
Requirements for banks on deposit-taking activities, limit on property sector exposure, application of secrecy provisions to merchant banks, and exclusion of certain private equity and venture capital investments from section 32 of the Banking Act.