www.bt.com.bn - TREATING Profit-Sharing Investment Accounts (PSIA) as "deposit-like" products would expose Islamic banks to credit, market and operational risks, a general manager of the Central Bank of Sudan said here yesterday.
Dr Badreldin Gurashi Mustafa (pictured), the general manager of Banking System Regulation and Development, said that neither restricted nor unrestricted PSIA should form part of the bank's own capital, as outlined by international standard-setting body Islamic Financial Services Board (IFSB) on capital adequacy requirements for PSIA. (source)
Dr Badreldin Gurashi Mustafa (pictured), the general manager of Banking System Regulation and Development, said that neither restricted nor unrestricted PSIA should form part of the bank's own capital, as outlined by international standard-setting body Islamic Financial Services Board (IFSB) on capital adequacy requirements for PSIA. (source)
