GUIDELINES FOR

ISLAMIC BANKI NG

Bangladesh Bank
November, 2009
 Guidelines for Conducting Islamic Banking

Table of contents
Section page
No.
I Introduction and Definition of terms used in Islamic 1-2
Banking
II License 3-10

A. Criteria for Setting up full-fledged Islamic banks 3-4

B. Terms and Conditions for opening Islamic banking 4-7

branches by conventional commercial banks

C. Conversion of conventional commercial banks into 7-10

Islamic banks.
III Responsibility for Shariah Compliance 10

IV Principles of deposit. 11

V Investment Principles and investment products. 12-24

VI Maintenance of CRR/SLR, Liquidity management. 25-26

VII Preparation of financial statements. 27

VIII Framework of rate of return. 28

Appendix: (I) Fit and proper criteria for selection of members of 29-31
Shariah Supervisory Committee

Appendix: (II) Guidelines for preparation of financial statements. 32-64

Appendix: (III) Framework of rate of return 65-79