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  • General Prohibitions

    • LR-1.1.1

      No person may:

      (a) undertake (or hold themselves out to undertake) regulated Islamic banking services within or from the Kingdom of Bahrain unless duly licensed by the BMA; or
      (b) hold themselves out to be licensed by the BMA unless they have as a matter of fact been so licensed.

    • LR-1.1.2

      Only persons licensed to undertake regulated Islamic banking services (or regulated banking services), may use the term 'bank' in their corporate or trading names, or otherwise hold themselves out to be a bank.

    • LR-1.1.3

      Licensees are not obliged to include the word 'bank' in their corporate or trading names; however, they may be required to make clear their regulatory status in their letter heads, customer communications, website and so on.

    • LR-1.1.4

      For the purposes of Rule LR-1.1.2, persons will be considered in breach of this requirement if they attempt to operate as, or incorporate a bank in Bahrain with a name containing the word "bank" (or the equivalents in any language), without holding the appropriate BMA license or obtaining the prior approval of the BMA.