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  • [ F ]

    • Family

      The term family refers to: father, mother, brother, sister, spouse, sons or daughters.

      Amended: October 2015

    • Family takaful

      Takaful that is long-term insurance.

    • Fiduciary assets

      Comprise of both receivables and funds held in a fiduciary capacity. Fiduciary receivables are uncollected premiums from insureds and uncollected refunds from insurers and Fiduciary funds are unremitted insurance premiums held in client money account.

      Added: April 2012

    • Fiduciary liabilities

      Obligations to remit fiduciary funds to insureds.

      Added: April 2012

    • Financial services (as used in Module AU)

      For the purpose of Module AU, financial services means:

      (a) Any dealings in any instrument defined as a financial instrument in any Volume of the CBB Rulebook;
      (b) Any arrangement where money, goods or services are made available to a person in exchange for his promise to pay at a later date and that arrangement is of a type habitually provided by another person for commercial gain;
      (c) Any arrangement in which money is solicited from the public in return for a promise of financial gain on, or safekeeping of, that money; or
      (d) Any product or other financial services in the area of regulated services (regulated by the CBB) marketed in the Kingdom of Bahrain.
      Added: January 2013

    • Firm

      Any organisation whose purpose is to carry on a business.