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  • PD-4.4 PD-4.4 Disclosure Relating to Deposit and Unrestricted Investment Accounts Protection Scheme

    • PD-4.4.1

      The content of this Section is applicable to all retail banks licensed by the CBB.

      Amended October 2010
      April 2008

    • PD-4.4.2

      The CBB requires all retail banks referring (directly or indirectly) to the protection of deposits in related marketing materials and in general notices featured within banking halls and in account documentation, including the Annual Report, to prominently disclose the following statement:

      •   'Deposits and Unrestricted Investment Accounts held with [name of Islamic retail bank licensee] in the Kingdom are covered by the Regulation Protecting Deposits and Unrestricted Investment Accounts issued by the Central Bank of Bahrain in accordance with Resolution No.(34) of 2010.'
      Amended: April 2016
      Amended October 2010
      April 2008

    • PD-4.4.3

      Retail banks must, in discussions and/or correspondence with new and prospective customers, bring the Deposit and Unrestricted Investment Accounts Protection Scheme and the protection afforded by it to the customer's notice.

      Amended: April 2016
      April 2008

    • PD-4.4.4

      The CBB welcomes the introduction by the banks, at their discretion, of other appropriate means to promote the Deposit and Unrestricted Investment Accounts Protection Scheme as prominently as possible.

      Amended: April 2016
      Amended October 2010
      April 2008

    • PD-4.4.5

      For detailed guidance on the Deposit and Unrestricted Investment Accounts Protection Scheme's documentation requirements, see Chapter CP-2.

      Amended: April 2016
      April 2008