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  • Corporate Records

    • OM-7.3.1

      Islamic bank licensees must maintain the following records in original form or in hard copy at their premises in Bahrain:

      (a) Internal policies, procedures and operating manuals;
      (b) Corporate records, including minutes of shareholders', Directors' and management meetings;
      (c) Correspondence with the CBB and records relevant to monitoring compliance with CBB requirements;
      (d) Reports prepared by the Islamic bank licensee's internal and external auditors; and
      (e) Employee training manuals and records.
      October 07

    • OM-7.3.2

      In the case of Bahrain Islamic bank licensees, these requirements apply to the licensee as a whole, including any overseas branches. In the case of overseas Islamic bank licensees, all the requirements of Chapter OM-7 are limited to the business booked in their branch in Bahrain and the records of that branch (see Rule OM-7.1.1). They are thus not required to hold copies of shareholders' and Directors' meetings, except where relevant to the branch's operations.

      October 07