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  • [ F ]

    • Face value (see Murabaha)

      The amount of a Murabaha receivable based on the price agreed between the client and the Islamic bank including the latter's profit on the transaction.

    • Family

      The term family refers to father, mother, husband, wife, grandfather, grandmother, grandson or granddaughter.

    • FATF Member State

      A country which is a current member of the FATF, and which is not subject to NCCT listing or to any advisories by the FATF.

    • Fiduciary

      A legal entity that is authorised to manage assets on behalf of a third party. Fiduciaries include asset management entities such as pension funds and other collective investment vehicles.

      Added: October 2018

    • Financial Action Task Force (FATF)

      The inter-governmental body responsible for developing and promoting policies, both nationally and internationally, to combat money laundering.

    • Financial contracts for differences

      Comprise rights under a contract for differences, or any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss by reference to fluctuations in:

      (a) The value or price of investment or property of any description;
      (b) Any currency;
      (c) The rate of interest in any currency or any index of such rates including interest rate options;
      (d) The level of any index which is derived for the prices of an investment or physical commodity (including index options) or;
      (e) Any combination of the above.
      Amended: January 2011

    • Financial entity(ies)

      An entity which conducts banking activities or other financial activities such as insurance, finance leasing, issuing credit cards, portfolio management, investment advice, money changing, factoring, forfaiting, custodial and safekeeping services, investment management or other similar activities that are ancillary to the business of banking, whether or not the entity is regulated. For the sake of clarification, special purpose vehicles are included in the definition of financial entity if such SPVs conduct any of the activities outlined above.

      Added: January 2015

    • Financial Institutions

      Institutions that are defined as financial institutions by the CBB (local financial institutions) or by foreign banking regulators (foreign financial institutions); examples of financial institutions include investment companies, insurance companies and currency exchange companies.

      Added: October 2018

    • Financial instruments

      Any of the following instruments:

      (a) Transferable securities;
      (b) Islamic financial instruments;
      (c) Money market instruments;
      (d) Units in collective investment undertakings;
      (e) Derivative contracts other than commodity derivatives;
      (f) Derivative contracts relating to commodities settled in cash;
      (g) Derivative contracts relating to commodities;
      (h) Credit derivatives;
      (i) Financial contracts for differences;
      (j) Other derivative contracts;
      (k) Interests in real estate property;
      (l) Certificates representing certain securities; and
      (m) Rights or Interests in Financial Instruments.
      Amended: January 2011

    • Financial Instruments Trader

      A person who is engaged in buying or selling financial instruments.

      Amended: October 2014
      Amended: January 2011

    • Financial services (as used in Module LR)

      For the purpose of Module LR, financial services means:

      (a) Any dealings in any instrument defined as a financial instrument in any Volume of the CBB Rulebook;
      (b) Any arrangement where money, goods or services are made available to a person in exchange for his promise to pay at a later date and that arrangement is of a type habitually provided by another person for commercial gain;
      (c) Any arrangement in which money is solicited from the public in return for a promise of financial gain on, or safekeeping of, that money; or
      (d) Any product or other financial services in the area of regulated services (regulated by the CBB) marketed in the Kingdom of Bahrain.
      Amended: January 2013

    • Framework (as used in Module OM)

      Deleted in January 2021.

      Amended: January 2021
      Added: October 2012

    • Future(s)

      Rights under a contract for the sale of a commodity or property of any other description under which delivery is to be made at a future date and at a price agreed on when the contract is made.

      Added: January 2011