EN-6.2A.3

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Past version: Effective from 01 Oct 2010 to 31 Mar 2017
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Financial penalties related to late filing or other date sensitive requirements are calculated as per the following per diem basis:

(a) Where the Islamic bank licensee's total consolidated assets are less than or equal to BD 50 million, the financial penalty for late filing is BD 50 per day;

(b) Where the Islamic bank licensee's total consolidated assets are greater than BD 50 million but less than BD 250 million, the financial penalty for late filing is BD 100 per day;

(c) Where the Islamic bank licensee's total consolidated assets are greater than BD 250 million but less than or equal to BD 5 billion, the financial penalty is BD 200 per day;

(d) Where the Islamic bank licensee's total consolidated assets are greater than BD 5 billion, the financial penalty is BD 400 per day; and

(e) For new licensees who have yet to provide audited financial statements, the financial penalty is BD 50 per day.

Added: October 2010