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  • PD-3 PD-3 Quarterly Disclosure Requirements

    • PD-3.1 PD-3.1 Publication of Reviewed (Unaudited) Quarterly Financial Statements for Bahraini Islamic banks

      • PD-3.1.1

        [This Paragraph was deleted in April 2016].

        Deleted: April 2016
        Amended October 2010
        April 2008

      • PD-3.1.2

        Bahraini Islamic bank licensees must prepare reviewed (unaudited) quarterly financial statements in accordance with AAOIFI Standards (and IFRS where applicable) for the first three quarters of their financial year.

        Amended: April 2016
        April 2008

      • PD-3.1.3

        Banks' unaudited quarterly financial statements must be reviewed by their external auditor who must also make a statement regarding the results of such review. Such review and statement must be made in accordance with the applicable AAOIFI standards and/or International Standards on Review Engagements.

        Amended: April 2016
        Amended October 2011
        Amended October 2010
        April 2008

      • PD-3.1.4

        Extracts from the reviewed quarterly financial statements (including at least the statement of financial position (balance sheet), the statements of income, cash flows and changes in shareholders' equity as required by AAOIFI Standards must be published in one Arabic and one English daily newspaper widely available in Bahrain and on the bank's website within 45 calendar days of the end of the quarter to which such statements relate. (See Paragraph PD-5.1.2 for non-listed Bahraini Islamic wholesale bank licensees).

        Amended: April 2016
        Amended April 2012
        Amended April 2011
        April 2008

      • PD-3.1.5

        Banks must submit a newspaper copy of the statements (referred to under Paragraph PD-3.1.4) to the CBB within two business days of publication clearly showing on which date and in which publication(s) the statements were published.

        Amended: July 2023
        Amended: April 2016
        Amended October 2010
        April 2008

      • PD 3.1.5A

        Banks must publish the disclosures required by Appendices PD-1 to PD-4 (as mentioned in Section PD-A.2) on their website in accordance with the deadline required under Paragraph PD-3.1.4.

        Added: April 2016

      • Additional Requirements for Semi Annual Disclosures

        • PD-3.1.6

          In addition to the requirements of Paragraphs PD-3.1.1 to PD-3.1.5, the following requirements apply to the Semi-Annual financial statements posted on banks' websites. Banks must make all the quantitative disclosures required by section PD-1.3 in the half-yearly financial statements on their website, within 2 months of the end of the half-yearly financial statements, but the qualitative disclosure requirements of the Paragraphs listed below may be dispensed with at the option of the bank in their half-yearly statements:

          (a) PD-1.3.9 (a) and (b);
          (b) PD-1.3.10 and PD-1.3.10A to PD-1.3.10G;
          (c) PD-1.3.16;
          (d) PD-1.3.21-22;
          (e) PD-1.3.25 (a);
          (f) PD-1.3.26 (a);
          (g) PD-1.3.27 (a) to (c);
          (h) [This sub-paragraph was deleted in October 2020];
          (i) PD-1.3.29;
          (j) PD-1.3.31 (a);
          (k) PD-1.3.32;
          (l) PD-1.3.34;
          (m) PD-1.3.36;
          (n) PD-1.3.39.
          Amended: October 2020
          Amended: April 2016
          Amended April 2012
          Amended April 2011
          Amended October 2010
          April 2008

        • PD 3.1.7

          Banks must retain an ongoing archive of all applicable public disclosures required by Sections PD-1 and PD-3, including the required appendices on their website. This archive must contain historical data (as required depending upon implementation date) for a minimum period of five years.

          Added: April 2016

    • PD-3.2 PD-3.2 Special Arrangements for Newly-Established Banks

      • PD-3.2.1

        Newly-established banks are not required to follow the publication requirements of sections PD-3.1 for the first three quarters of their operation or until the commencement of their second financial year of operation (whichever period is the longer).

        April 2008

      • PD-3.2.2

        After the above period has expired, all newly-established Bahraini Islamic bank licensees must follow the publication requirements of Section PD-3.1. Newly-established banks must follow the requirements for annual reporting.

        Amended: April 2016
        April 2008

    • PD-3.3 Open Banking Disclosures

      • PD-3.3.1

        Islamic retail bank licensees must disclose open banking API performance statistics in accordance with Appendix PD-6 on their websites within one month of each quarter end.

        Added: September 2024