5. Weighted Denominator Calculation
| Versions (5 versions) |
Effective from Jan 01 2024 - May 31 2023
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| 5.1 | Banks will apply the weights below to the denominator components (as applicable) in order to compute the weighted amount: | ||||||||||||||||||||
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Table (1): *D= Days / M= Months / Y= Years | |||||||||||||||||||||
| 5.2 | Original maturities should be used for new transactions while outstanding transactions should be based on residual maturities. | ||||||||||||||||||||
| 5.3 | For callable sukuks/bonds, residual maturity is calculated based on the first callable date of the sukuks/bonds to determine the applicable weight in the table (1). | ||||||||||||||||||||
| 5.4 | For perpetual sukuks/bonds, banks should apply 190% weights unless the sukuks/bonds have a callable date then the sukuks/bonds weight will be applied based on the sukuks/bonds callable date. | ||||||||||||||||||||