CBB Volume 2: Contents

Central Bank of Bahrain Volume 2—Islamic Banks
Part A
High Level Standards
LR Licensing Requirements
LR-1 Requirement to Hold a License
LR-1.3 Definition of Regulated Islamic Banking Services
LR-1.3.1
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LR-1.3.1

Regulated Islamic banking servicesG are any of the following activities, carried on by way of business:

(a) Accepting Shari'a money placements/deposits;
(b) Offering Shari'a Financing Contracts;
(c) Managing Unrestricted Shari'a profit-sharing investment accounts;
(d) Managing Restricted Shari'a profit sharing investment accounts;
(e) Dealing in Shari'a-compliant financial instrumentsG as principal;
(f) Dealing in Shari'a-compliant financial instrumentsG as agent;
(g) Managing Shari'a-compliant financial instrumentsG ;
(h) Safeguarding Shari'a-compliant financial instrumentsG ;
(i) Operating a Shari'a-compliant Collective Investment UndertakingG ;
(j) Arranging deals in Shari'a-compliant financial instrumentsG ;
(k) Advising on Shari'a-compliant financial instrumentsG ;
(l) Providing money exchange/remittance services;
(m) Issuing/ administering means of payment; or
(n) Providing Trust Services.
Amended: October 2018
Amended: July 2012
Amended October 2010
October 2007
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