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Policy Document on Trade Credit Insurance and Trade Credit Takaful

Release Date: 03 May 2019

This policy document sets out the Bank’s proposed requirements on the offering of trade credit insurance and trade credit takaful by licensed insurers and takaful operators. The requirements for the recognition of trade credit insurance and trade credit takaful as credit risk mitigation are also outlined under the Capital Adequacy Framework (Basel II – Risk-Weighted Assets) and Capital Adequacy Framework for Islamic Banks (Risk-Weighted Assets) respectively. These requirements seek to position insurance and takaful products to better meet the protection needs of businesses.

Further details can be found in the following documents:

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