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  • Natural persons

    • FC-1.2.1

      If the customer is a natural person, Islamic bank licensees must obtain and record the following information (in hard copy or electronic form), before providing financial services of any kind:

      (a) full legal name and any other names used;
      (b) full permanent address (i.e. the residential address of the customer; a post office box is not insufficient);
      (c) date and place of birth;*
      (d) nationality;
      (e) passport number (if customer is a passport holder);
      (f) CPR or Iqama number (for Bahraini or GCC residents only);
      (g) telephone/fax number and email address (where applicable);
      (h) occupation or public position held (where applicable);
      (i) employer's name and address (where applicable);
      (j) type of account, and nature and volume of anticipated business dealings with the Islamic bank licensee;
      (k) Signature(s) of the customer(s); and
      (l) Source of funds.

    • FC-1.2.2

      See Part B, Volume 2 (Islamic Banks), for Guidance Notes on source of funds (FC-1.2.1(1)) and requirements for Bahraini residents (FC-1.2.1 (c) & (f)).

    • FC-1.2.3

      Islamic bank licensees must verify the information in Paragraph FC-1.2.1 (a) to (f), by the following methods below; at least one of the copies of the identification documents mentioned in (a) and (b) below must include a clear photograph of the customer:

      (a) confirmation of the date of birth and legal name, by taking a copy of a current valid official original identification document (e.g. birth certificate, passport, CPR or Iqama);
      (b) confirmation of the permanent residential address by taking a copy of a recent utility bill, bank statement or similar statement from another licensee or financial institution, or some form of official correspondence or official documentation card, such as CPR, from a public/governmental authority, or a tenancy agreement or record of home visit by an official of the Islamic bank licensee; and
      (c) where appropriate, direct contact with the customer by phone, letter or email to confirm relevant information, such as residential address information.

    • FC-1.2.4

      Any document copied for the purpose of identification verification must be an original. An authorised official of the licensee must certify the copy, by writing on it the words 'original sighted', together with the date and his signature. Equivalent measures must be taken for electronic copies.

    • FC-1.2.5

      Identity documents which are not obtained by an authorised official of the licensee in original form (e.g. due to a customer sending a copy by post following an initial meeting) must instead be certified (as per FC-1.2.4) by one of the following from a GCC or FATF member state:

      (a) a lawyer;
      (b) a notary;
      (c) a chartered/certified accountant;
      (d) an official of a government ministry;
      (e) an official of an embassy or consulate; or
      (f) an official of another licensed financial institution or of an associate company of the licensee.

    • FC-1.2.6

      The individual making the certification under FC-1.2.5 must give clear contact details (e.g. by attaching a business card or company stamp). The Islamic bank licensee must verify the identity of the person providing the certification through checking membership of a professional organisation (for lawyers or accountants), or through checking against databases/websites, or by direct phone or email contact.