As part of
the implementation of this Law, amendments and additions regulating the
activities of Islamic banks have been made to 10 departmental regulatory legal
acts that have passed state registration with the Ministry of Justice.
In
particular, legal mechanisms have been improved in the following areas:
risk
management system in banks and banking groups (reg. No. 3427-2);
requirements
related to the acquisition by commercial banks of real estate, other property,
as well as shares in the authorized capital of legal entities (3441-2);
setting the
maximum amount of risk per borrower or group of related borrowers, including
bank-related persons (3283-3);
the
organization of corporate governance in commercial banks (3254-1);
the procedure
for banks to pay contributions to the Deposit Guarantee Fund (3663-1).
These
changes will serve to strengthen the legal framework for the activities of
Islamic banks.
