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  • ICAAP Framework

    • IC-1.2.1

      Bahraini Islamic bank licensees must develop an ICAAP Framework commensurate with the nature, size, complexity and scale of the bank's activities that includes, but is not limited to:

      (a) An appropriate ICAAP policy, procedures and limits for risk management;
      (b) A description of the process and governance arrangements, including the roles and responsibilities for the Board and senior management, with respect to the design and implementation of the ICAAP Framework;
      (c) The bank's risk appetite statement and capital adequacy objectives;
      (d) Comprehensive and timely identification, measurement, mitigation, controlling, monitoring and reporting of risks;
      (e) A process to relate the bank's capital to its risk profile and for allocation of appropriate capital charges for material risks;
      (f) A process to reconcile, where relevant, the historical amounts used to prudential and financial reporting sources; and
      (g) A process of internal controls and independent review.
      July 2018

    • IC-1.2.2

      The ICAAP Framework, and amendments on it, must be submitted to the CBB.

      Amended: January 2022
      Added: July 2018