Central Bank of Bahrain - Rulebooks & Regulatory Update

CBB Volume 2: Contents

Central Bank of Bahrain Volume 2—Islamic Banks

High Level Standards

LR Licensing Requirements

LR-A Introduction

LR-B Scope of Application

LR-1 Requirement to Hold a License

LR-1.1 Islamic Bank Licensees

LR-1.2 License Sub-Categories

Retail vs. Wholesale

Islamic Retail Banks

Islamic Wholesale Banks

LR-1.2.16

LR-1.3 Definition of Regulated Islamic Banking Services

LR-1A Approved Persons

LR-2 Licensing Conditions

LR-3 Information Requirements and Processes

LR-4 License Fees

PB Principles of Business

HC High-Level Controls

AU Auditors and Accounting Standards

GR General Requirements

SG Shari'a Governance

Business Standards

Reporting Requirements

Enforcement & Redress

Quarterly Updates

Ad-hoc Communications

Archived Part A

Archived Part B

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Location: Central Bank of Bahrain Volume 2—Islamic Banks > Part A > High Level Standards > LR Licensing Requirements > LR-1 Requirement to Hold a License > LR-1.2 License Sub-Categories > Islamic Wholesale Banks > LR-1.2.16

LR-1.2.16

Islamic wholesale banks^G may transact with residents of Bahrain and/or in Bahrain Dinar, with respect to the activities (d) to (j) listed in Rule LR-1.3.1, only where the initial transaction is US$ 100,000 or above (or its foreign currency equivalent).

Amended: July 2012
Amended: April 2008
October 2007

Versions
(2 Versions)

Apr 1 2008 - Jun 30 2012

Jul 1 2012 onwards

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