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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

Wisdom of new Basel III liquidity rules put under the microscope

Posted on 09 January 2013

Shariah-compliant banks, according to the LCR document, face a religious prohibition on holding certain types of assets, such as interest-bearing debt securities.
Even in jurisdictions that have a sufficient supply of HQLA, an insurmountable impediment to the ability of Shariah-compliant banks to meet the LCR requirement may still exist………………………………………..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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