Handling Confidential Information
SG-2.3.30
SSB members must ensure that information obtained in the course of their duties is kept confidential as per Article (117) of the CBB Law.
August 2017SG-2.3.31
In the performance of their duties, members of the SSB may have access to files, records, draft materials and conversations that are, under the
Bahraini Islamic bank licensee's internal procedures and by market practice, deemed confidential. Where a member of the SSB serves severalBahraini Islamic bank licensees simultaneously, the issue arises as to how they handle confidential or commercially sensitive information obtained in the course of performing their duties. It is a key concern of professional ethics that confidential or sensitive information obtained by a member of the SSB while serving aBahraini Islamic bank licensee should not be used by them in ways that could be detrimental to thatBahraini Islamic bank licensee , particularly in ways that might give a competitive advantage to its competitors.August 2017SG-2.3.32
The duty to observe confidentiality applies to all information with which members of the SSB are entrusted by the licensee, or which is brought to their attention during or at any time after the carrying out of their assignment. Confidentiality obligations do not end when a member of the SSB ceases to serve a
Bahraini Islamic bank licensee or when a matter is completed or closed. Members of the SSB must observe the same restrictions unless they have obtained express authorisation from theBahraini Islamic bank licensee that relieves them from such obligation.August 2017SG-2.3.33
Where a SSB member has a dissenting opinion on a fatwa given by the SSB, he must not criticize such fatwa publicly.
August 2017
