BC-9.4.2

Past version: Effective from 01 Apr 2008 to 30 Jun 2015
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The purpose of the classification is to ensure that Islamic bank licensees' customers are appropriately categorised so that regulatory protections are focused on those classes of customer that need them most: The following wording may be used for customer notification of status. 'According to the Central Bank of Bahrain Rulebook, we are required to notify all customers of their status for the purpose of investment business and certain regulated banking services. For the purpose of this relationship, you are classified as an accredited investor/retail customer.'

Added: April 08