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    • Ras-almal (see Salam)

      Capital (cost) paid (in cash, kind or benefit) in a Salam contract, i.e. price.

    • Real time promotion

      A real time promotion is a promotion made in the course of a personal visit, telephone conversation or other interactive dialogue.

      Added: January 2011

    • Regulated banking services

      Any of the regulated activities permitted to be undertaken by a conventional bank licensee (see Volume 1, LR-1.3).

    • Regulated insurance services

      As defined under Volume 3, Section AU-1.4.

    • Regulated Islamic banking services

      Any of the regulated activities permitted to be undertaken by an Islamic bank licensee (see LR-1.3).

    • Relevant Authorities

      For the purposes of Module FC, relevant authority refers to the authorities listed in Rule FC-5.3.2.

      Amended: October 2014

    • Remuneration

      Means all types of compensation including but not limited to salary (fixed and variable bonus), fee and non-cash benefits such as health insurance, car housing, education, grants of stock, stock options or pension benefits.

      Amended: January 2014

    • Reporting Accountant

      A Reporting Accountant is a person appointed by the CBB under the authority of Article 114 of the CBB Law as an Inspector of the business of a licensee or listed company.

      Added January 2009

    • Representative office

      A person who is licensed by the CBB as per Volume 5 (Specialised Licensee/Representative Office) Module AU to undertake only representative office functions:

      (i) Gather financial, economic and commercial information;
      (ii) Carry out general promotional activities; and/or
      (iii) Provide general assistance of a non specific nature to resident and non resident customers of the overseas entity/group the office is representing.
      Amended: January 2011

    • ROAA

      Return on Average Assets.

    • ROAE

      Return on Average Equity.

    • Repo

      (a) An agreement between a seller and buyer for the sale of securities, under which the seller agrees to repurchase the securities, or equivalent securities, at an agreed date and, usually, at a stated price;
      (b) An agreement between a buyer and seller for the purchase of securities, under which the buyer agrees to resell the securities, or equivalent securities, at an agreed date and, usually, at a stated price.
      Amended: January 2011

    • Repo-style Transactions

      Transactions involving the sale and repurchase ('repo') of assets, purchase and resale ('reverse repo') of assets, as well as securities lending and securities borrowing. The term 'repo-style transaction' is generally taken to refer to any of the following transactions of a bank:

      i Sale and repurchase ('repo') of securities — the bank agrees to sell securities to a third party for cash with a commitment to repurchase the securities at an agreed price on an agreed future date.
      ii Securities lending — the bank lends securities to a third party and receives either cash or other securities from that party in exchange as collateral.
      iii Purchase and resale ('reverse repo') of securities — the bank agrees to acquire securities from a third party for cash, with a commitment to resell the securities at an agreed price on an agreed future date (i.e. the reverse of repo transactions).
      iv Securities borrowing — the bank borrows securities from a third party and gives cash or other securities to that party in exchange as collateral.
      Added: October 2018

    • Reputational risk

      Reputational risk is the potential that negative publicity regarding an institution's business practices, whether true or not, will cause a decline in the customer base, costly litigation, or revenue reductions.

    • Resident

      This term includes:

      (a) Persons of whatever nationality whose normal place of residence or business is in Bahrain at the relevant time or whose main source of income is earned from Bahrain.
      (b) Persons who have been granted permanent resident permits in Bahrain.
      (c) Corporate and other institutions who have a permanent registered address in Bahrain and/or a commercial registration number including branches or subsidiaries located in Bahrain of overseas registered corporate or other institutions (excluding offshore companies). However, dealings with the offices of such corporations outside Bahrain in respect of non-Bahrain business is permitted.
      (d) Staff of Bahrain Embassies and Consulates living outside Bahrain.
      (e) Agents or Agencies located abroad but acting on behalf of or for the account of Bahrain residents.

    • Restricted Investment Accounts

      With this type of account, the investment account holder imposes certain restrictions as to where, how and for what purpose his funds are to be invested. Further, the Islamic bank may be restricted from commingling its own funds with the restricted investment account funds for purposes of investment. In addition, there may be other restrictions which investment account holders may impose. For example, investment account holders may require the Islamic bank not to invest their funds in instalment sales transactions or without guarantor or collateral or require that the Islamic bank itself should carry out the investment itself rather than through a third party. Restricted participating investment bonds and restricted participating investment units (investment funds) and any other accounts of a similar nature are equivalent to the restricted investment accounts.

    • Retail customer(s)

      Defined in Rule BC-9.4.10. A retail customer means a customer who is not classified as an accredited investor under Rules BC-9.4.6.

      Added: January 2011

    • Retail Deposits

      Deposits placed with a bank by a natural person. Deposits from legal entities, sole proprietorships or partnerships are captured in wholesale deposit categories.

      Added: October 2018

    • Rights or interests in Financial instruments

      Rights to or interests in all financial instruments.