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  • AU-2.5 AU-2.5 Condition 5: Financial Resources

    • Capital Funds

      • AU-2.5.1

        Licensees must maintain a level of financial resources, as agreed with the CBB, adequate for the level of business proposed. A greater amount of capital than specified in this Section may be required by the CBB on a case-by-case basis.

        April 2016

      • AU-2.5.2

        Where a licensee undertakes more than one activity outlined under Paragraph AU-1.2.1, the licensee must maintain the highest level of core capital required amongst all categories of activities which it provides.

        April 2016

    • Third Party Administrators

      • AU-2.5.3

        For third party administrators, licensees must maintain a minimum core capital of BD25,000 and adequate liquid funds representing 25% of operating expenses incurred in the preceding financial year at all times in the form of cash or liquid assets that can be converted to cash in the short-term to cover its operating expenses.

        Amended: April 2023
        April 2016

    • Card Processing and Payment Service Providers

      • AU-2.5.4

        For card processing and payment service providers, licensees must maintain a minimum core capital of BD 250,000.

        April 2016

    • Credit Reference Bureau

      • AU-2.5.5

        Licensees must maintain a minimum core capital of BD 2 million.

        April 2016

    • Shari'a Advisory/Review Services

      • AU-2.5.6

        Licensees must maintain a minimum core capital of BD 30,000.

        April 2016

    • Crowdfunding Platform Operator

      • AU-2.5.6A

        Licensees must maintain a minimum core capital of BD 25,000.

        Amended: January 2019
        Added: October 2017

    • Account Information Services Provider

      • AU-2.5.6B

        Licensees must maintain a minimum core capital of BD 25,000.

        Added: January 2019

    • Payment Initiation Services Provider

      • AU-2.5.6C

        Licensees must maintain a minimum core capital of BD 30,000.

        Added: January 2019

    • Liquidity

      • AU-2.5.7

        Licensees must maintain sufficient liquid assets to meet their obligations as they fall due in the normal course of their business.

        April 2016