Prudential Information Returns for Islamic Banks (PIRI)
BR-3.1.2
All banks, referred to under Paragraph BR-3.1.1, must complete PIRI forms (see Appendix BR-5), on a quarterly basis. This form is intended to be a financial report of the bank. Banks should therefore include on it all assets and liabilities of their head office and their
branches in Bahrain and abroad and subsidiaries where applicable. Separate figures in respect of the head office or 'Bahrain operations' are not required.October 2010
January 2009
October 07BR-3.1.3
The forms referred to under Paragraph BR-3.1.2 must be submitted to the CBB on a quarterly basis within 30 calendar days of the end of the reporting date.
Amended: January 2022
Amended: October 2010
Amended: January 2009
Added: October 07BR-3.1.4
The CBB requires all banks to request their external auditor to conduct a review of the prudential returns on a quarterly basis (see also Sections CA-1.5 and AU-3.6 for fuller details). The results of such review (in the form of an Agreed Upon Procedures report as shown in Appendix BR-9) must be submitted to the CBB no later than 2 months from the end of the subject quarter.
Amended: October 2016
October 2010
January 2009
April 2008
October 07BR-3.1.5
Banks which demonstrate to the satisfaction of the CBB that they have fulfilled all of the CBB's requirements with regard to Prudential Returns for at least two consecutive quarters may apply (in writing) to the Central Bank for an exemption from the review procedure set out in Paragraph BR-3.1.4 above. Such exemption may be withdrawn by the CBB at any time, should errors be detected.
Amended: July 2012
Amended: October 2011
April 2008
October 07BR-3.1.5A
For
Bahraini Islamic bank licensees , all existing exemptions in respect of PIRI review as at 31st December 2014 will cease.Added: April 2015
