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
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Banks will be allowed to open RIAs for investments initiated by the investor at his own discretion, where the investor specifies what he wants to invest into and at what time (non-discretionary asset management), including short term investments in the interbank market. This permission is applicable to an investor on an individual basis but not to a group of investors.

Added: January 2013
(1 Version)
Jan 1 2013 onwards
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