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
Amendment Notes
- 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.
Related to this Item
-
NoticesLast Revised Date: 20 September 2023
Notice 637 Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore
Risk-based capital adequacy requirements for reporting banks incorporated in Singapore.
-
NoticesLast Revised Date: 24 June 2022
Notice 649 Minimum Liquid Assets and Liquidity Coverage Ratio
Requirements for banks in Singapore on minimum liquid assets (MLA) and liquidity coverage ratio (LCR).
-
NoticesLast Revised Date: 01 March 2022
Notice 626 Prevention of Money Laundering and Countering the Financing of Terrorism – Banks
Requirements for banks on anti-money laundering (AML) and countering the financing of terrorism (CFT).
-
NoticesLast Revised Date: 11 June 2021
Notice 640 Minimum Asset Maintenance Requirements
Covers requirements for the minimum amount of eligible assets that foreign banks must maintain in Singapore.
-
NoticesLast Revised Date: 15 March 2021
Notice 612 Credit Files, Grading and Provisioning
Requirements for banks on maintaining credit files, grading credit facilities and determining credit loss allowance.
-
ActsPublished Date: 31 March 2008
Banking Act 1970
Governs the licensing and regulation of banks, merchant banks and related institutions, including their credit card and charge card business.
-
Subsidiary LegislationPublished Date: 18 July 2001
Banking Regulations
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.