Electronic banking

Electronic banking or 'e-banking' refers to the provision of retail and small value banking products and services through electronic channels. Such products and services can include deposit-taking, lending, account management, the provision of financial advice, electronic bill payment, and the provision of other electronic payment products and services such as electronic money.

Electronic money

The investment, which is monetary value, as represented by a claim on the issuer, which is:

Eligible Account(s)

Means any Deposit Account (being a deposit in accordance with the Central Bank of Bahrain Resolution No. (23) of 2009 in respect of Definition of Deposit) and Unrestricted Investment Account, and any other deposits or accounts similar in nature and which have similar characteristics which are approved by the CBB, regardless of currency, with the exception of bearer certificates of deposit.

Eligible account holder(s)

Means eligible depositor and/or investor that is a natural person (resident or non-resident), holding an eligible account(s) with an Islamic retail bank in the Kingdom. It does not include deposits and unrestricted investment accounts held with an Islamic retail bank's foreign branches operating outside the Kingdom.

Executive director

Means a director who is an officer or employee, or is otherwise involved in day-to-day management, of either:

In this definition, the word "company" which is a controller of the bank excludes sovereigns such as government owned entities and government ministries.

Exposure(s)

[Deleted in January 2023].