Section 19January 26, 1990, Sec./Art. 19

Investment Ceilings; Business Limits. - The Islamic Bank shall observe the following investment ceilings and business limits in its operations:

(1) The aggregate credit facilities or any other liabilities of any customer of the Islamic Bank shall not exceed at all times fifteen per centum (15%) of the unimpaired capital and surplus of the Bank;

(2) The aggregate amount of investment portfolios for any single industry shall at no time exceed thirty per centum (30%) of the Islamic Bank's investment capacity.nvestment capacity of the Islamic Bank being the Islamic equivalent of commercial lending and overall credit ceilings shall be defined as the maximum expansion for investments and credits that the Islamic Bank is authorized to grant or extend as may be determined and computed by the Central Bank in relation to the unimpaired capital and surplus of the bank;

(3) The outstanding unsecured loans or credit accommodations which the Islamic Bank may extend at any time without security, or in respect of any advance, loan or credit facility made with the security wholly or partly, whenever at any time it exceeds the aggregate market value of the assets constituting the security, shall be limited to Fifty thousand pesos (P50,000.00) to any person, company, corporation or firm. The term loan whenever used in this paragraph shall represent qard hasan benevolent loan; and

(4) The Islamic Bank shall not grant any credit facility to any person for the purpose of financing the acquisition of the holding of shares in any company, corporation or firm in excess of fifty percent (50%) of the appraised valued of the shares at the time the credit facility is granted.