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  • CA-1.3 CA-1.3 Review of Prudential Information Returns

    • CA-1.3.1

      The CBB requires all Islamic bank licensees to request their external auditor to conduct a review of the prudential returns on a quarterly basis in accordance with the requirements set out under Section BR 3.1.

      January 2015

    • CA-1.3.2

      If an Islamic bank licensee provides prudential returns without any reservation from auditors for two consecutive quarters, it can apply for exemption from such review for a period to be decided by CBB.

      January 2015

    • CA-1.3.3

      For Bahraini Islamic bank licensees all existing exemptions in respect of PIRI review as at 31st December 2014 will cease.

      Amended: April 2015
      January 2015

    • CA-1.3.4

      Islamic bank licensees' daily compliance with the capital requirements for credit and market risk must be verified by the independent risk management department and the internal auditor.

      January 2015