CBB Volume 2: Contents

Central Bank of Bahrain Volume 2—Islamic Banks
Archived Part A
High Level Standards
LR Licensing Requirements
LR-1 Requirement to Hold a License
LR-1.3 Definition of Regulated Islamic Banking Services
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LR-1.3.7

A person does not carry on an activity constituting a regulated Islamic banking serviceG if the activity:

(a) is carried on in the course of a business which does not ordinarily constitute the carrying on of financial services;
(b) may reasonably be regarded as a necessary part of any other services provided in the course of that business; and
(c) is not remunerated separately from the other services.
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