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SG-2.4.4

The Board of directors of the Bahraini Islamic bank licenseeG must carry out a background check and consider the following criteria when assessing the fitness and propriety of individuals to serve on the SSB:

(a) Have a clean background, a good character and conduct by being recognised for honesty, integrity and good reputation in their professional business and/or financial dealings, and not previously been convicted of any moral turpitude, felony or criminal offence (See SG-2.4.5);
(b) Have competence, diligence, capability and soundness of judgement (See SG-2.4.7);
(c) Have strong proficiency in Arabic, as they need to be very conversant with the primary sources of the Shari'a.
(d) Have at least a bachelor degree (or its equivalent) in Islamic Shari'a;
(e) Have a certified degree in Fiqh al Muamalat (Islamic commercial jurisprudence) with strong understanding of Usul Al Fiqh (rules of Islamic jurisprudence);
(f) Have adequate understanding of banking, Islamic finance and accounting; and
(g) Have accumulated overall experience of at least seven years in Shari'a related scholarly pursuits (e.g. teaching, research, fatawa issuance, etc).
August 2017
 Versions
(1 Version)
 
Aug 1 2017 onwards
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