Compliance Compliance Report and Compliance Control

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Central Bank of Iraq
Banking Control Department
Islamic Banking Supervision Department
Division Instructions and Controls

Legal Compliance Report
 Compliance control

(2019)

Introduction
To further strengthen Islamic banking through a monitoring role for the Bank
In view of the importance of the compliance monitor function stipulated in the Banking Standards / Islamic Banks Control Section
And the issuance of executive controls for banking and financial regulation
In order to increase the effectiveness of the Shari'ah compliance function and to monitor compliance in Islamic banks
The role played within the bank.
This report is prepared and represents the minimum information requirements to be mentioned in an observer report
Quarterly compliance to identify the Bank's compliance with laws, regulations and regulations
Issued by the Bank.
According to the 2015 (17-IFSB and ALIZO Specification): ISO9001) in order to design the report for the standard methodology
Achieve supervisory communication with the Bank's stakeholders.
The Shari'a Compliance Monitoring Report consists of (11) Section (Summary of Regulatory Information on the Bank, Council
Management, Shari'a Board, Executive Management, Risk Management, Internal Shari'a Audit, AML
(Terrorism financing, standard ratios, development, legal compliance).

Section 1: Summary of regulatory information about the Bank
1 - The name of the bank.
2. Number and date of leave.
3. Date of direct.
4. Chairman of the Board of Directors.
5. Authorized Director.
6. Original and Reserve Directors.
7. Bank address / telephone number / e-mail address / website of the bank
The Internet.
8 - capital of the bank.
9. Number and location of local branches (address)
10. Number and location of foreign branches (address).
11. Number and location of representative offices (address).
12 - Number of staff of the bank.
13. External auditor and any accounting firm with specific functions.
14. The date of the last assessment (CAMEL) of the Bank.
15. Members of the Audit Committee.
16. Anti-Money Laundering Unit.
17. Number of shareholders.
18. Number of shares listed.
19 - List of the top ten shareholders.

0 - List of the largest (10) depositors.
21 - List of the names of the largest (10) people who received funding from the bank.
22 - Name of the Chairman of the Shari'a Supervisory Board.
23. Name of the internal auditor.
24. Name of Risk Manager.
(SWIFT) No. 25
26. Accounts
A - Number of current accounts.
B- Number of Savings / Mudaraba accounts.
Number of fixed / speculative accounts.
27 - Number of Murabaha granted and amounts through the initiative of the Central Bank (1) trillion.
28. Number of good loans.
29. Number of national employees whose salaries are with the bank and type of deposit (ongoing or provided).
30 - List of banking services provided by the bank.

Section II: Board of Directors
Paragraph Application Scope Notes
Yes No
Has the Board committed itself to be the Chairman of the Shari'a Supervisory Board?
Holds a Master's Degree as a minimum in Islamic Sciences
With expertise in issuing fatwas and Shari'a rulings
Islamic finance?
1
Is the Board committed to ensuring that it is not a member of the oversight body?
In another body operating in the same financial area
Legitimacy Member
Conflict of interest.
Or banker inside Iraq prevented
2
Has the Board committed to adopting a clear compliance policy to ensure
The Bank's commitment to the regulatory framework and related legislation,
Review this policy periodically and verify its application?
Submission of relevant documents.
3
Has the Board committed itself to ensuring the independence of the Compliance Section?
Compliance monitoring?
4
Has the Council committed itself to adopting an "internal Shari'a audit charter"
(Charter Audit Internal), which includes tasks and authorities
And the responsibilities of the internal audit department? Submission of documents
related to.
5
Has the Board committed itself to following up the correction of audit observations?
Forensic procedure?
6
Is the Board committed to verifying that the Department of Forensic Auditing
Internal supervision is subject to direct supervision by the Shari'a Board,
And that they submit their reports to the Chairman of the Shariah Committee, and a copy thereof
To the Audit Committee?
7
Has the Board committed to taking appropriate action to address points?
Weakness in internal controls and controls
Other points shown by the external auditor? Submission of documents
Link
8
Has the Board committed itself to defining the powers of executive management?
The bank?
9
Has the Board committed to the adoption of internal control and control systems?
For the bank and review annually?
10
Has the Board committed itself to discussing and approving annual plans?
And budgets related to the activities of the bank and follow-up implementation?
Documents must be submitted.
11

Has the Board committed itself to identifying key performance indicators for the Director
Key Performance
Commissioner and Executive Management)
Periodically? KPIs & KPIs, Indicators) to measure the performance of executive management
1
2
Has the Board committed itself to ensuring continuous alignment between strategy
Funding, risk management strategy and management strategy
Submission of relevant documents.
Liquidity risk?
13
Has the Board committed itself to developing a detailed funding strategy?
Include the overall limits of the size of the financing risk
And investment) on which a management strategy is designed
A copy of the funding strategy should be attached.
Love? )
14
Has the Council committed to the annual endorsement of a strategy?
Risks that are designed by the Risk Management Department
Light Financing Strategy? ) You must attach a copy of
(Risk strategy).
1
5
Has the Board committed itself to adopting an effective risk management strategy,
Achievements for the current year (and monitoring their implementation) Please attach a copy of the strategy and percentages
1
6
Has the Board committed itself to following up on abuses at levels?
Concerned about these abuses? Submission of relevant documents. Acceptable risk, including accountability of executive management
1
7
Has the Board committed itself to ensuring that risk management is conducted?
"Stress tests" periodically to measure the bank's ability to
Bear shocks and face high risks?
1
8
Has the Board committed itself to adopting the Internal Evaluation Methodology for Ras Al Khaimah?
In accordance with the standards issued by the Bank
International Islamic Organizations and Basel Committee on Banking Supervision?
19
Has the Council committed itself to using appropriate information and communication systems?
And particularly effective with regard to risk monitoring and monitoring
And to ensure the efficiency of the information management system to provide management
The Board and the Risk Committee and the Board with periodic reports
(At least monthly) that reflect the Bank's compliance with limits
Specific love and explain abuses on these limits
And the reasons and corrective plan required by it?
20
Has the Board committed itself to ensuring the bank's compliance with the disclosures?
Defined by the International Reporting Standards
(International Financial Reporting)
(Of the standards)
IFRS, Standards) and Standard No. 1
Central? Accounting issued by (AAOIFI) and instructions of the bank
2
1
Is the Council committed to emphasizing the importance of effective communication between
related to? The External Auditor and the Audit Committee of the Bank
2
2
Has the Board committed itself to following up on the presence of the external auditor or the
Representing him in the presence of the annual meeting of the General Assembly and presenting the report
And answer queries?
2
3
The Bank has a text stating that the Board is responsible for the accuracy and adequacy of the Board
Report, and adequacy of internal control systems? The financial statements of the Bank and the information contained therein
2
4
Has the Board committed itself to ensuring inclusion of the annual report
The bank has paragraphs specified in the Governance Guide within
(Of Article 23)?
Para. 6)
2
5
Has the Council committed to adopting a liability policy?
Submission of relevant documents.
Social development?
2
6
Ensure its effectiveness? Relevant documents must be submitted. Is the Council committed to follow up the work of the committees emanating from it?
2
7
Objectives and operations of the Bank? Submission of relevant documents. Has the Board committed itself to questioning executive management over an investigation?
2
8
Conflicts of interest, mention of cases and treatments? Has the Council committed to adopting policies and procedures to address?
29
Related persons? Submission of relevant documents. Has the Board committed to adopting policies and procedures to deal with
3
0
Adopting policies and a code of conduct
Has the Council committed itself to
3 professional in the bank? Submission of relevant documents
1
Has the Board adhered to the availability of independence clauses in members?
Of Article 4 of the Governance Guide? Submission of relevant documents. Independent Board of Directors mentioned in paragraph (2.4)
3
2
Has the Council committed itself to the decisions taken by the Council?
With the majority of the members present?
3
3
Number of decisions implemented? Submission of relevant documents. Has the Council committed itself to following up the implementation of the decisions of the General Assembly? How much
3
4
Clear administrative sequence? Has the Board committed itself to adopting a regulatory structure for the Bank to determine
3
5
 )
Has the Board committed that the number of meetings should not be less than 6?
Meetings per year (bimonthly meeting at least) or whenever
(Need to be done?) Copies of records must be attached
3
6

T
A
I am
The
Personally
T
To attend
P
Have members of the Council committed themselves
If you can not attend, you can attend
Or telephone, but this method is not used
the video
Submission of relevant documents.
Twice a year?
3
7
Has the Secretary of the Council committed to record minutes of meetings?
The Council and its committees in a precise and complete manner and to record any reservations
Submission of relevant documents. The records are recorded and visible? And a reservation that has been raised by any member, and that the bank keeps all these
3
8
Has the Board committed itself to the final accounts for the previous year?
During the first six months of each year and prepare a comprehensive report
And the results of the implementation of the annual plan and submission to the General Assembly
For discussion and endorsement?
39
Has the Board committed itself to discussing and approving the annual plan of activity
The bank for the next year, which must be delegated director
During the last six months of the year
The objectives of the bank?
4
0
Has the Board adopted transfer ratios relating to investment in formulas
Islamic finance) a higher ceiling to finance a project
Submission of documents
related to? Formula (Mudaraba, Murabaha, Musharaka, etc.)?
4
1
Has the President of the Council committed himself to following up the implementation of the Council's decisions?
4
2
Executive Management Positions, and periodically evaluate and follow up their performance. Has the Board committed itself to approving candidates for employment?
Supervision and questions?
4
3
Has the Council committed itself to forming committees emanating from it? You must attach what
Prove it.
4
4
Has the Board committed itself to ensuring adequate management information systems?
And reliable covering all activities of the bank?
4
5
Training courses? Submission of relevant documents. Is the Board committed to spreading the culture of governance in the bank and attending
4
6
Has the Council committed itself to follow up the implementation of the pillars of this
Which have been complied with and are in progress?
the bank )
related to.
4
7
Have committees of the Board of Directors committed to reporting?
The periodic report and the report on the results of the baptism? Provide
Relevant documents.
4
8

Has the Board committed to not exceeding cash credit per person?
(Within budget) and contractual credit (extra-budgetary) ratio
(10)% of the Bank's capital and sound reserves. In
If the bank is obliged to grant more than the percentage
The above shall not exceed 15% of the capital
The bank?
49
Has the Board committed itself not to exceed total credit exposures?
Which exceeds 10% of the Bank's capital
And its sound reserves four times the capital of the bank
And its sound reserves?
50

SUIT.....

Suit...


Non-compliance and corrective action report of the Board of Directors
Bank Name Branch Address
Phone number date
the person
Responsible Division / Division
The non-conformity procedure describes the paragraph number in the checklist
Type of nonconformity procedure
Main: Secondary: Note:
Corrective action
Name and signature of the responsible person
Expected Execution Date: On the implementation of corrective actions
Name of Compliance Monitor Signature Date

Section III: Sharia Supervisory Board
Paragraph Application Scope Notes
Yes No
Does the decision to appoint the Shari'a Supervisory Board include explicit text?
On the independence of the Shariah Supervisory Board?
1
Has the bank committed itself to be responsible for
To dissolve the Shari'a Supervisory Board or to exempt some of its members by a decision
Caused by the Board of Directors by a two-thirds majority of the members after the acquisition
Approval of the Central Bank of Iraq?
2
Has the bank committed itself to be the head of the Shari'ah Supervisory Board?
He holds a master's degree in forensic science, which includes jurisprudence
Transactions with at least 3 years experience in issuance
(4) years after graduation
Teaching or practical research in the field of Islamic finance? .
3
Has the bank committed itself not to be a member of the Shari'ah Supervisory Board?
In another body operating in the same financial field
Member
Conflict of interest
Banker inside Iraq prevented?
4
Does the Shari'ah Supervisory Board hold at least 6 meetings in
the year?
5
Has the Shari'a Supervisory Board committed to meeting with the Council and Section
Forensic audit and external auditor quarterly to discuss
Issues of common concern?
6
Does the head of the Shari'a Supervisory Board or whoever he is entitled to attend
Meetings of the General Assembly in order to present the report of the Supervisory Board
Legitimacy?
7
Is there a secretariat for the Shari'a Supervisory Board to perform the tasks?
In accordance with the regulations issued by the Central Bank
Iraq.
8
Has the bank committed itself to editing minutes of the meetings of the supervisory board?
Legitimacy and document differences in views and number of fatwas
Which you issue and which topics have been audited?
9
Are the fatwas and decisions issued by the supervisory body documented?
Legitimacy?
10
Has the Shari'a Supervisory Board ratified the sources of funds?
Paid to increase the capital of the bank?
11
Has the Sharia Supervisory Board prepared training curricula for employees?
On the principles and processes of Islamic banking and jurisprudence
Transactions?
12
Has there been a commitment not to issue a fatwa or decision in any case?
Except that the majority of (2 + 1) will be the two
Chairman of the Board and one of the members specialized in Islamic banking
The transactions are approved by the approvers and are considered invalid if they are not met
That condition?
13
Does the bank comply with the approval of the Shari'a Supervisory Board?
The adoption of documentation on new services and the revision of documentation
And the ratification of contracts, agreements and other
Legal documents used in commercial transactions
For the bank?
14
Has the Shari'ah Supervisory Board been committed to investing in
Islamic financing instruments with the bank in which it operates
Members?
15th
Has the Shari'a Supervisory Board been granted training?
Enough to help her make her decisions?
16
Non-conformity and corrective action report of the Shari'ah Supervisory Board
Bank Name Branch Address
Phone number date
the person
Section / Division Responsible Sharia Supervisory Board
The non-conformity procedure describes the paragraph number in the checklist
Type of nonconformity procedure
Main: Secondary: Note:
Corrective action
Name of Compliance Monitor Signature Date
Name and signature of the person
Responsible for implementation
Corrective actions
Expected execution date

Section IV: Executive Management
Yes Paragraph No Extent of application Notes
Does the Executive Management comply with approved contract forms?
By the Shari'a Supervisory Board? Submission of relevant documents.
1
Is the executive management required to seek legal advice from
Before the Shari'a Supervisory Board regarding the offering of services
New products? Submission of relevant documents.
2
Does the Executive Management comply with specific procedures to mitigate losses?
Investment Account Holders? Submission of relevant documents
3
Does the Executive Management commit to recommending a management department?
Risk before contracts that have the largest amount of amounts
And increase its length? Submission of relevant documents.
4
Does the executive management prepare credit files for funding?
Granted by the Bank. Is the update being pursued
File? Submission of relevant documents.
5
Does the executive management evaluate the funded projects?
Submission of relevant documents
6
Does executive management provide exit options?
Is there a special policy? Submission of relevant documents.
7
Has executive management committed to specific management procedures?
Guarantees (including foreclosure) and ensure compliance with Shariah?
Submission of relevant documents.
8
Does the executive management comply with procedures consistent with
Sharia in cases of failure to pay by customers?
Submission of relevant documents.
9
Does executive management comply with Shari'a rules?
Contribution to existing companies by ensuring that they do not
The practice of these companies for prohibited activities such as riba and others?
10
Is the Executive Management committed to diversifying the Bank's portfolio
Whether or not part of their investments are concentrated in markets
Non-local? Submission of relevant documents.
11
Does the executive management commit itself to employing the liquidity available to it?
Thereby increasing profits? Please answer in the light of the ratio
Liquidity.
12
Does the Executive Management comply with the recommendations of the Shari'a auditor?
Internal? Submission of relevant documents.
13
Does the executive management comply with the credit limit
And making contracts to relevant members of the Board
Management and Executive Management at the Bank?
14
Does the Executive Management commit to not granting credit and signing
Contracts for the Shari'a Supervisory Board?
15th
a
And
Z Hassan
Granting the village
Yeh
Implementation
house
Except
Thales
Do you
Of the Shariah rules. And what categories are covered by the loan
Hassan in your bank? Submission of relevant documents.
16
Is executive management committed to making adequate provisions?
To meet risks and create reserves for expansion purposes
And growth? Submission of relevant documents.
17

Does executive management comply with procedures to attract deposits?
What is your policy? Submission of documents
Link.
18
Does the executive management commit to re-evaluating the market for real estate?
Prepared for use and real estate intended for investment? Submit
Relevant documents.
19
Is executive management committed to diversifying its portfolio of deposits?
Opening Sharia-compliant investment accounts including
Restricted investment accounts? Submission of relevant documents.
20
Does the bank comply with the banking transaction pricing table?
Submission of relevant documents.
21
Do executive management comply with written procedures for management
Liquidity? Are there specific actions of the Board of Directors
With liquidity? Submission of relevant documents.
22
Do executive management comply with written and specific procedures?
Calculation and distribution of profit to investment account holders?
Submission of relevant documents.
23
Does the executive management comply with the obligation not to deal with Tawarruq?
During the course of the Shari'a Standard No. (30)
Accounting and Auditing Organization for Islamic Financial Institutions?
24
The Board of Contracts in the sale and purchase of foreign currency on the basis of whether the executive management is committed to the requirement of immediate handling
(Of the Banking Act)
5
Islamic Law No. 43 of 2015. Article (10)
25
The Company does not restrict the purchase or sale of the assets
Do you want to
• Individuals with limited or limited exposure to the Board of Directors
From
The Executive Management or the staff of the Issuer shall be defined in accordance with paragraph 2
Article 31 of the Banking Law No. 94 of 2004.)
26
Does the bank commit to not buying the assets from a person who
Link (legal person)?
27
Does the bank comply with the purchase of assets?
(A legal person) obtains the approval of a board
Management and not to provide preferential prices for purchased assets
Of Article 31 of the Banking Act No. 94
Of 2004, and in accordance with paragraph 3
28

Is the bank obliged to notify the Central Bank in case of knowledge
With a banking transaction or receipt or payment of a related amount
May he have a relationship with any crime or illegal work?
29
Is the Executive Management committed to providing detailed information on
Operations of the Bank to the Shari'a Supervisory Board and in time
Appropriate before its meeting?
30
Does the executive management monitor the financial position of the bank?
And achieve appropriate profits, in the context of sound exchange
Between risk and return and in accordance with his annual plan?
31
Is executive management responsible for reporting to regulators?
And the information it requests and facilitate the completion of its oversight functions
And inspection?
32
Does the executive management commit to not entrusting the customer with the purchase?
Assets of the bank and then rent it to him?
33
Does the executive management commit to not selling the purchased property?
For investment purposes only two years after reaching a point
Tie except for bank defaults?
34
Does the bank comply with the murabaha financing formula?
Item for himself a contract of sale is true between him and the owner of the commodity?
35
Does the executive management comply with the bank's failure to sell a commodity?
Real or Murabaha judgment before it is acquired and seized with empowerment
Or the receipt of the warrants of arrest?
36
Has the bank committed not to deal with the image contracts?
(Prohibited sales: sale of sample, organized tawarruq)?
37
Report on Non - conformity and Corrective Action for Executive Management
Bank Name Branch Address
Phone number date
the person
Responsible Division / Division
The non-conformity procedure describes the paragraph number in the checklist
Type of nonconformity procedure
Main: Secondary: Note:
Corrective action
Name of Compliance Monitor Signature Date
Name and signature of the person
Responsible for implementation
Corrective actions
Expected execution date:
Section 5: Risk Management
Paragraph Application Scope Notes
Yes No
Has the bank committed itself to be the director of risk management?
Holds the certificate of the Islamic specialist accredited in
Risk Management?
1
Has the Risk Management Department committed to developing a management strategy?
Risk in light of the funding strategy, and do update them
Periodically? Submission of relevant documents.
2
Does your risk management strategy include setting goals?
for every
Clear and accurate risk management according to the type of operations
Islamic Banking?
3
Has the Risk Management Department committed to reporting to the Board?
During the Risk Management Committee, a copy of the Executive Management,
Includes information on the Risk System
Profile) of all the activities of the bank, compared to
"Appetite Risk" and follow up
Addressing Negative Deviations? ) You must attach a copy of
the report(.
4
Has the Risk Management Department committed itself to assessing the performance of each of the financiers?
For classification
Suppliers, speculators and participants according to
Considering the failure of one
Prepared risks are taken
Of the parties through the delay or non-payment of the murabaha
In case of infringement and default
Ijara or being a party?
5
For classification
Is the Bank committed to determine profit rates accordingly
Related parties
Risks are taken into account when making pricing decisions
In decades?
6
Is the bank committed to a special internal control system?
Parallel financing operations (Salam, Istisna and Ijarah)?
7
Has the Bank committed itself to a provision for impairment
Estimate of the value of the leased assets?
8
Has the bank committed itself to formulating an investment policy? )Must be
Attach a copy of the policy (.
9
Does the bank comply with the instructions for exiting from?
Capital investment contracts
The terms of extension and restitution of Mudaraba investments
Participation and whether it has been approved by the Supervisory Board
Legitimacy? (Attach the list).
10

Has the Risk Management Department prepared an organizational chart representing
An umbrella framework for various operational risks which is assumed to be
Provides a comprehensive view of those risks, including risks
Loss due to insufficient or failed procedures
Internal affairs, people, systems or events?
(Attach a copy of the list).
23
Do you commit yourself to the transfer of part of the risk by
Insurance for its assets and operations
Insurance for the use of takaful insurance companies
Shariah compliant?
24
25 Is the Bank exposed to the risk of non-compliance with Sharia?
Does the serum have a recovery plan or a skeleton for recovery?
The disaster?
26
The procedures for the implementation of the safety stages are implemented
Cyber?
27

Non - compliance and corrective action report on risk management
Bank Name Branch Address
Phone number date
the person
Responsible Division / Division
The non-conformity procedure describes the paragraph number in the checklist
Type of nonconformity procedure
Main: Secondary: Note:
Corrective action
Name of Compliance Monitor Signature Date
Name and signature of the person
Responsible for implementation
Corrective actions
Expected execution date:
Section 6: Internal Auditing and Auditing
Paragraph Application Scope Notes
Yes No
Has the bank committed to obtaining the director of the control and auditing department
Forensic Internal Auditor's Certificate and Forensic Auditor
(CSAA)?
1
Has the bank committed itself to be a control and audit department?
The internal legal authority is subject to direct supervision by the Commission
Shariah control?
2
Has the internal audit and verification department committed to verification?
The executive management is responsible for the policy governing the relationship between
From t
Shareholders and investment account holders
What is the basis for dividend distribution?
3
Has the Internal Control and Auditing Department committed itself to preparing
Internal Audit Program?
4
Has the Internal Audit and Auditing Department committed itself to the status of
A comprehensive audit and audit plan that has already been approved
Chairman of the Shari'a Supervisory Board and Chairman of the Board of Directors.
5
Is the internal supervision and audit department committed to the department
Legal compliance by verifying the effectiveness of applying the limit framework
Operating risk and an assessment of its compliance with
Before each department and provide the Board with results quarterly?
A copy of the reports submitted to the Council must be attached
(Management).
6
Has the Internal Audit Department committed to examining the receivables
And funds that are classified as non-banking
Operating, or which are decided to be executed, financed from accounts
Joint investment? ) You must attach the latest report on this
Facilities).
7
Non-conformity report and corrective action of the Internal Shari'a Supervisory and Auditing Department
Bank Name Branch Address
Phone number date
the person
Responsible Division / Division
The non-conformity procedure describes the paragraph number in the checklist
Type of nonconformity procedure
Main: Secondary: Note:
Corrective action
Name of Compliance Monitor Signature Date
Name and signature of the person
Responsible for implementation
Corrective actions
Expected execution date:
Section 7: Combating Money Laundering and Financing Terrorism
Paragraph Application Scope Notes
Yes No
Has the Council committed to adopting a policy and procedures?
Internal controls and the nature of the activity to be applied
Obligations in the area of ​​anti-laundering
Financing and terrorism? Submission of relevant documents
Relevance
1
Has the Council committed itself to ensuring policy alignment?
Controls, procedures and internal regulations
With AML and Tamweel
Terrorism Regulations issued pursuant thereto?
2
Does the bank comply with the notification of an anti-laundering office?
And the Bank's Banking Control Department
If any
Central immediately treat people
Their names are on the list of freezing terrorist funds?
3
Has the Council committed itself to adopting practical measures to modernize?
Lists) KYC (.) Submission of relevant documents and number
Updated accounts and their percentage of the number of accounts
Total.
4
Has the Audit Committee committed itself to ascertaining the department
AML / CFT implementation
Special Operations Policies (KYC), and its preparation
For periodic reports on its performance?) Submission of documents
(Link).
5
Do enhanced due diligence procedures be complied with?
In the case that the accounts are owned by persons
Political?
6
Has the Bank committed to developing a continuous training program?
To train officials and staff on methods
AML / CFT?
7
Has the Bank committed to establishing special procedures relating to
With external transfers? (Submission of relevant documents).
8
Does the bank commit to preparing suspicious reports and sending them?
To the Anti-Money Laundering Office?) Submission of documents
related to(.
9
Does the bank comply with the care procedures?
Due in the case of unusual transactions in motion
Cash deposited account) large amounts or amounts
Small deposited regularly without having
Clear economic reason (?) Attach a copy of
(Procedures approved by the Bank).
10

SUIT....

Suit.....



Has the Bank committed itself to establishing a database on
Countries with high risks in laundering
Financing and terrorism, and whether it updates them
Consistently, and have been combined with care procedures
Due in the case of dealing with persons
Companies or banks in countries with regulations
Which do not apply standards and procedures
Of AML?
11
Has the Bank committed itself to identifying the necessary actions?
To prevent the use of electronic payment methods in operations
Money Laundering? (Submission of relevant documents)
12
Does the bank commit to maintaining a copy of a document?
Proof of personal, restrictions and records of implementation
Banking process?
13
Has the Head of Money Laundering Reporting been committed?
And finance terrorism in the preparation of a quarterly periodic report on
AML / CFT activity
And submit it to the Board of Directors, and send it to the Director
General for Banking Supervision and Anti-Money Laundering Bureau
And financing terrorism?
14
Non-conformity and corrective action report on AML / CFT
Bank Name Branch Address
Date
Revision phone number
The non-conformity procedure describes the paragraph number in the checklist
Type of nonconformity procedure
Main: Secondary: Note:
Corrective action
Name of Compliance Monitor Signature Date
the person
Section / Division Responsible Sharia Supervisory Board
Name and signature of the person
Responsible for implementation
Corrective actions
Expected execution date
Section VIII
First: standard ratios
C. Response to comments
1 How much is the capital adequacy ratio?
2 What is the legal liquidity ratio?
3 How much is the cash guarantee rate for contractual credit?
4. How much money does capital and reserves have?
5 How much is the proportion of syndicated credit to capital and sound reserves?
The ratio of total credit concentration to capital and reserves
Sound?
6
Is the bank committed to classifying the credit portfolio? Points must be answered
(I) and (ii) within the requested information section (?
7
The percentage of investment in shares and bonds producing income within Iraq
And outside?
8
9 How much cash in the fund is the total customer deposits?
10 How much does the total investment amount to total investment accounts?
11 How much is the total funding granted to total deposits?
12 How much of the total investments are to equity + total deposits?
13 How much is the total Murabaha ratio of total current assets?
14 How much is the margin of seriousness of the purchase time to total Murabaha?
15 How much is the amount of the deposit for the last purchase to the total Murabaha?
16 How much ratio of unrestricted investment accounts to capital?
17 How much is Murabaha ratio to investment accounts?
18 How much does the Bank's stock of goods have to the current assets?
19 How many current accounts do total deposits have?
20 How much is the share of speculation + shares to total investment accounts?
21 What is the proportion of the forward deposit criterion?
Does the bank commit to not exceed the value of fixed assets prepared for use?
(30%) of its core private net worth, as well
Does not exceed 50% of the value of its investment portfolio?
22
Is the Bank committed to not exceed the value of (the Bank's investments) in the assets
(50%) of the value of its investment portfolio?
23
24 Income from investments and deferred charges to total assets?
25 Ratio of Deposits to Income from Deferred Sales and Investments?
26 The Bank's income from investment (Mudarib and capital) to total investment income?
27 Share of deposit holders to total investment return?
28 Income from investment (Mudarib and capital) to total income?
 Required information
1. The ratio of provision to total cash credit (%)
2. The ratio of provision to non-productive credit (%)
3. Investment balance (%).
4. The components of the investment balance are (

Second: Fixed assets
 Fixed asset balance
Furniture Furniture Furniture Furniture Furniture Furniture Furniture Furniture Furniture Furniture Furniture Furniture
 Building information
Number of buildings
Number of properties on behalf of the bank number of properties that are not in the name of the bank
The number of properties that resulted from settlement of the sum of their amounts
Is the provision for impairment and accounting is true or not?
Third: Deposits and investment accounts
Total deposits balance
Current Accounts Saving Accounts / Mudaraba
Fixed Accounts / Mudaraba
Ratio of core deposits to non-core deposits
Yes
Section 9: Administrative Development
Paragraphs
Number of bank branches
Number of representative offices
3 Number of bank ATMs
 Does the Bank have a plan to increase the number of ATMs?
The number of contracts according to the Murabaha formula
5 Number of contracts according to the formula of speculation
6 Number of contracts according to the participation formula
7 Does the bank rotate employees periodically to gain knowledge of all banking?
8 Does the Bank update the information on the website periodically?
9 Does the bank have membership in Islamic organizations?
 If the answer is yes, the organizations should be mentioned along with the relevant documents.
10 Number of new financial products?
11 Total staff:
Certificate holders:
12 Number of training courses during class? Is there a training center within the bank?
13 Number of thank-you books for bank employees?
Yes No
Yes No
Yes
Section X: Legal Section
Paragraph Application Scope Notes
Yes No
Does al-Quslum have a database of claims to be submitted?
According to branches of the bank?
1
2. Has the bank committed to hiring lawyers?
3 Do the other sections of the Bank require legal advice?
May God's prayers and peace be upon you
Exits in investment contracts?
4
Does al-Qallam have a written legal mechanism for Islamization and partnership?
In existing companies?
5
Does the department have an internal guide to explain and interpret legal material?
Private Law No. 43 of Salalah
2015?
6
C. Response to comments
How many suits are made by the serum for the third party,
What is the total amount claimed?
1
How many lawsuits are on the bank? And what is the sum
Amounts claimed by claimants?
2
3 How many amounts are claimed by the Bank?
4 How many amounts does the bank claim to others?
5 What is the average cost of litigation?
What is the date of the last lawsuit on the serum of the school as well
Which the bank claims to others?
6
Non-conformity and corrective action report of the legal department
Bank Name Branch Address
Phone number date
the person
Responsible Division / Division
The non-conformity procedure describes the paragraph number in the checklist
Type of nonconformity procedure
Main: Secondary: Note:
Corrective action
Name of Compliance Monitor Signature Date
Name and signature of the person
Responsible for implementation
Corrective actions
Expected execution date:

Section 11: Legal Compliance
Paragraph Application Scope Notes
Yes No
Does the exporter commit himself to the payment of the director of compliance?
And monitoring compliance with the ICDR
Adopted in governance and compliance?
1
Do you commit to compliance and compliance monitoring in numbers?
Compliance report addressed to the Board of Directors
Department of Risk Management and Internal Legal Audit, that
The report includes a review of compliance policies and procedures
Banking operations and identifying risks of non-compliance and proposal
Appropriate amendments?
2
Do you accept compliance with the law and monitor compliance?
Guidelines for compliance and compliance monitoring?
(Attach a copy of the directory).
3
Is the serum required to be attached to the compliance code?
And compliance with the Board of Directors?
4
Has the patient committed to give the compliance monitor the paralysis?
This is the result of the linearity of the solution
Records and documents?
5
Do you commit to compliance and compliance monitoring in numbers?
Legal advice
Non-compliance risk guide for Finland
And international financial standards for all employees
The bank?
6
Has the Compliance and Compliance Compliance Section complied with the numbers?
Plan and schedule of field visits to branches of the Bank?
7
Do you commit to compliance and compliance monitoring in numbers?
AAIOFI Implementation Plan
And the Islamic Financial Services Board (IFSB)?
8
Has the Compliance and Compliance Control Section committed to monitoring?
The extent of the Board of Directors' compliance with the internal rules of the Bank
Tidrillab staff plans and implements the Hawklala variants
Islamic banks?
9
Please ensure that your child's paralysis is not impaired or controlled
Tensilelive with a smooth surface to make sure that the legal
The Bank's commitment through its banking and administrative contracts?
10
Did the company commit itself to solving the revolution that happened to all Quslalm employees?
• Paralysis of prophylaxis and control of poliomyelitis
The anti-money laundering and financing
Terrorism? Submission of relevant documents.
11
Has Al Mazaler committed to setting up training courses for Quslim employees?
Compliance? Submission of relevant documents.
12
Do you commit yourself to applying the lazy circulars about this?
During the semester? ) The circulars that have been applied should be mentioned
During the chapter and the application is underway.
13
Nonconformity and corrective action report on Shari'a compliance
Bank Name Branch Address
Phone number date
the person
Responsible Division / Division
The non-conformity procedure describes the paragraph number in the checklist
Type of nonconformity procedure
Main: Secondary: Note:
Corrective action
Name of Compliance Monitor Signature Date
Name and signature of the person
Responsible for implementation
Corrective actions
Expected execution date:



https://cbi.iq/static/uploads/up/file-155781579220680.pdf

claude compliance control does not  mean a fn thing to iraq. until you get rid of iraian control the corrupt politicans especial m and alak as well as the currency auction nothing they do or say will change anything and that's fact jack

[size=36][rtl]The Central Bank circulates the Sharia Compliance Report on Islamic Banks[/rtl][/size]


Friday, 17 May 2019

The Central Bank launches the Islamic Finance Program


20/05/2019

May 22, 2019

















https://cbi.iq/static/uploads/up/file-155781579220680.pdf