Guidelines
Guidelines on the Application of Banking Regulations to Islamic Banking
Guidelines for all financial institutions covering MAS' general approach to Islamic banking regulations.
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.
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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.
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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.