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  • AU-B AU-B Scope of Application

    • AU-B.1 AU-B.1 Islamic bank Licensees

      • AU-B.1.1

        The contents of this Module — unless otherwise stated — apply to all Islamic bank licensees.

      • AU-B.1.2

        The contents of Chapters AU-1 to AU-4 apply to both Bahraini Islamic bank licensees and overseas Islamic bank licensees.

    • AU-B.2 AU-B.2 Auditors

      • AU-B.2.1

        Certain requirements in this Module extend to auditors, by virtue of their appointment by Islamic bank licensees. Auditors appointed by Islamic bank licensees must be independent (cf. Sections AU-1.4 and AU-1.5). Auditors who resign or are otherwise removed from office must inform the BMA in writing of the reasons for the termination of their appointment (cf. Section AU-1.2). Other requirements are contained in Sections AU-1.3 (Audit partner rotation) and AU-3 (Auditor reports).