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  • SG-B SG-B Scope of Application

    • SG-B.1 SG-B.1 Scope of Application

      • SG-B.1.1

        The contents of this Module — unless otherwise stated — apply to all Bahraini Islamic bank licensees incorporated in the Kingdom of Bahrain.

        August 2017

      • SG-B.1.2

        Branches of foreign bank licensees must satisfy the CBB that equivalent arrangements are in place at the parent entity level, and that these arrangements provide for effective Shari'a governance over activities conducted under the Bahrain license.

        August 2017

    • SG-B.2 SG-B.2 Subsidiaries and Foreign Branches

      • SG-B.2.1

        Bahraini Islamic bank licensees must ensure that, as a minimum, the same or equivalent provisions of this Module apply to their operating subsidiaries and foreign branches, such that these are also subject to effective Shari'a governance. In instances where local jurisdictional requirements are more stringent than those applicable in this Module, the local requirements are to be applied.

        August 2017