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  • SG-2.2 SG-2.2 SSB Charter

    • SG-2.2.1

      A charter must be prepared by Bahraini Islamic bank licensees and approved by their Board of directors defining the scope of work for the SSB.

      August 2017

    • SG-2.2.2

      A typical charter of the SSB must include, at a minimum, the following:

      (a) Purpose of the charter;
      (b) Authorisation of the charter;
      (c) Membership of the SSB;
      (d) Composition of the SSB;
      (e) Chairperson;
      (f) Secretary;
      (g) Possible cause/course of removal and replacement of a Member;
      (h) Authority of the SSB;
      (i) Responsibilities of the SSB;
      (j) Meetings;
      (k) Voting and decisions;
      (l) Amendments to the charter; and
      (m) Relationship with the Board of Directors, senior management and other departments.
      August 2017