IFSB-1 Provides for the Following Guiding Principles for the Management

IFSB-1 provides for the following guiding principles for the management of credit risk for Islamic banks and financial institutions EXCEPT:

A) IIFS shall carry out a due diligence review in respect of counterparties prior to deciding on the choice of an appropriate Islamic financing instrument.
B) IIFS shall have in place a strategy for financing, using various instruments irrespective of their compliance with Sharī`ah.
C) IIFS shall have in place appropriate methodologies for measuring and reporting the credit risk exposures arising under each Islamic financing instrument.
D) IIFS shall have in place Sharī`ah-compliant credit risk mitigating techniques appropriate for each Islamic financing instrument