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Wa'd

Release Date: 03 Feb 2017

Issuance Date
2 February 2017

Effective Date
1 January 2019

Summary
This policy document specifies the Shariah and operational requirements in relation to the application of wa`d arrangement in Islamic financial transactions. Shariah requirements highlight the salient features and essential conditions of a wa`d arrangement. The operational requirements set out the core principles of good governance and oversight, proper product structuring, effective risk management, sound financial disclosure and fair business and market conduct.

Details can be found in the following documents:

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