GR-B GR-B Scope of Application
GR-B.1 GR-B.1 Islamic Bank Licensees
License Categories
GR-B.1.1
The requirements in Module GR (General Requirements) apply to both
retail andwholesale Islamic bank licensees .October 07Bahraini and Branches of Foreign Islamic Bank Licensees
GR-B.1.2
The scope of application of Module GR (General Requirements) is as follows:
Chapter Bahraini bank licensees Branches of foreign bank licensees GR-2 Applies to the whole bank. Applies to the Bahrain branch only. GR-3 Applies to the whole bank. Doesn't apply. GR-4 Applies to the whole bank. Applies to the Bahrain branch only. GR-5 Applies to the whole bank. Applies to the whole bank. GR-6 Applies to the conventional retail bank. Does not apply. GR-7 Applies to the whole bank. Applies to the Bahrain branch only. Amended: April 2020
Amended: April 2019
Added: October 07GR-B.1.3
In the case of
Bahraini Islamic bank licensees , certain requirements apply to the whole bank, irrespective of the location of its business; other requirements apply only in respect to business booked in Bahrain. In the case ofbranches of foreign bank licensees , the requirements of Module GR mostly only apply to business booked in the Bahrain branch.Amended: April 2020
Added: October 07