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  • PB-A.1 PB-A.1 Purpose

    • Executive Summary

      • PB-A.1.1

        The principles of Business are a general statement of the fundamental obligations of all Central Bank of Bahrain ('CBB') Islamic bank licensees and approved persons. They serve as a basis for other material in Volume 2 (Islamic Banks), and help address specific circumstances not covered elsewhere in the Rulebook.

        October 07

      • PB-A.1.2

        The Principles of Business have the status of Rules and apply alongside other Rules contained in Volume 2 (Islamic Banks). However, these other Rules do not exhaust the fundamental obligations contained in the Principles. Compliance with all other Rules, therefore, does not necessarily guarantee compliance with the Principles of Business.

        October 07

    • Legal Basis

      • PB-A.1.3

        This Module contains the CBB's Directive (as amended from time to time) relating to Principles of Business and is issued under the powers available to the CBB under Article 38 of the Central Bank of Bahrain and Financial Institutions Law 2006 ('CBB Law'). The Directive in this Module is applicable to all Islamic bank licensees (including their approved persons).

        Amended: January 2011
        October 2007

      • PB-A.1.4

        For an explanation of the CBB's rule-making powers and different regulatory instruments, see Section UG-1.1.

        October 07