LR-A.1.8

Past version: Effective from 01 Apr 2008 to 30 Jun 2017
To view other versions open the versions tab on the right

Collectively, licensed providers of regulated Islamic banking services are called Islamic bank licensees. Bahrain-incorporated Islamic bank licensees are called Bahraini Islamic bank licensees. Islamic bank licensees that are incorporated in an overseas jurisdiction and operate via a branch presence in the Kingdom of Bahrain are called overseas Islamic bank licensees. The same naming convention applies to the two sub-categories of Islamic bank license: thus, Bahraini Islamic retail banks and Bahraini Islamic wholesale banks are those incorporated in Bahrain, whilst overseas Islamic retail banks and overseas Islamic wholesale banks are those incorporated in an overseas jurisdiction and operating in Bahrain via a branch presence.

October 2007