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The Central Bank of Bahrain and Financial Institutions …

Details: The Central Bank of Bahrain and Financial Institutions Law Preamble ARTICLE (1) DEFINITIONS In implementing the provisions of this law, the following terms and expressions shall have the meanings assigned to them below unless the

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DECREE LAW NO. (4) OF 2001

Details: laws of Bahrain whose occupation or business includes the carrying out of any of the activities listed in the Schedule to this Law “Relevant entities” means Ministries and Government entities which license, supervise and regulate institutions

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Consumer Information CBB

Details: The Central Bank of Bahrain has issued on the 13th January 2011, Resolution No. (34) for the year 2010 with respect to promulgating a Regulation “Protecting Deposits and Unrestricted Investment Accounts” in accordance with the provisions of Article 177 of the Central Bank of Bahrain and Financial Institutions Law No. (64) for the year 2006.

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HC-6.4 Compliance

Details: with laws, regulations, directives, directions, reporting requirements and codes of conduct, including internal code of conduct. HC-6.4.4 Compliance laws, rules and standards generally cover matters such as observing proper prudential standards, standards of market conduct, managing conflicts of interest,

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Central Bank of Bahrain issues final rules on Crypto-asset

Details: Manama, Bahrain – 25 th February 2019 – The Central Bank of Bahrain (“CBB”) has issued the final rules on a range of activities relevant to Crypto-assets. Crypto-assets operating under block chain distributed ledger systems have drawn much regulator attention globally, and the CBB rules are aimed at ensuring that the related activities are brought within …

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Central Bank of Bahrain’s regulatory measures as part of

Details: Manama, Kingdom of Bahrain – 18 March 2020 – In light of the recent global outbreak of Coronavirus (COVID-19) and the preventative measures taken by the Government of the Kingdom of Bahrain to contain the virus, the Central Bank of Bahrain (CBB) issued a number of directives to preserve the health and safety of citizens, residents, and workers in …

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ANTI-MONEY LAUNDERING AND COMBATING OF …

Details: in Volume 6 in addition to other applicable laws, rules and regulations. Provision Subject Resolution No. 1 of 2004 All In respect of the Directives Relating to the Prevention and Prohibition of Money Laundering at the Bahrain Stock Exchange

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Central Bank of Bahrain Consumer Protection Office …

Details: Central Bank of Bahrain Consumer Protection Office Notice. Published on 22 March 2020. Media Center Announcement. In light of the current situation faced by the Kingdom of Bahrain and in order to preserve the health and safety of citizens and residents, the Central Bank of Bahrain urges consumers to communicate through the National Suggestion

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Central Bank of Bahrain launches a first of its kind

Details: FinHub 973 will enable financial institutions to organize virtual hackathons and challenges to accelerate innovation and business growth. The platform will also provide content on the fintech sector financial and the relevant laws and regulations in the Kingdom of Bahrain, through an interactive chatbot.

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Central Bank of Bahrain launches the Bahrain Supernova

Details: Manama, Bahrain – 26 April 2021: The Central Bank of Bahrain (CBB) announced today the launch of a series of nation-wide fintech innovation challenges, the Bahrain Supernova.The challenges will be hosted on FinHub 973, CBB’s Digital Lab, which is powered by Fintech Galaxy’s FinX22 Open API platform.

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The Central Bank of Bahrain issues Directives on Digital

Details: Manama, Bahrain – 26 th March 2019 – The Central Bank of Bahrain (“CBB”) has today issued the Directives on “Digital Financial Advice” (also known as “Robo-advice”) following the industry consultation process. For the Bahraini financial services sector, this is yet another important step towards digitalization by harnessing the power of intelligent automation of …

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Government Securities CBB

Details: Issuance of Government Securities. The Central Bank of Bahrain and Financial Institutions Law 2006 (`CBB Law’) empowers the CBB to issue debt securities on behalf of the Government of the Kingdom of Bahrain (Article 4). The issuance of government debt securities is executed in coordination with the Ministry of Finance and National Economy.

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CBB issues directive on prohibiting the practice of

Details: Manama, Kingdom of Bahrain – 9 March 2020 – The Central Bank of Bahrain (CBB) has instructed all retail banks to refrain from blocking customer accounts if they come to know that the customer has lost his or her employment or has retired if that customer has a financing arrangement with the bank.. The CBB issued a directive dated 8 th March 2020, …

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CBB warns consumers against dealing with unlicensed

Details: Manama, Kingdom of Bahrain – 28 January 2020 – The Central Bank of Bahrain (CBB) would like to warn consumers against dealing with unlicensed entities that market investments in the Kingdom of Bahrain through social media.. This warning comes as a result of a fraudulent institution under the name of “bahrain.bitcoin” on Instagram which is claiming to be …

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Central Bank of Bahrain issues rules on Insurance

Details: Manama, Bahrain – 14 th August 2019 – The Central Bank of Bahrain (“CBB”) issued the final rules on “insurance aggregators”.. Mr. Abdul Rahman Al Baker, Executive Director of Financial Institutions Supervision, said, “The introduction of insurance aggregator rules is a first step for the CBB towards “Insuretech”, a technology led transformation of the …

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Central Bank of Bahrain Issues Resolution in respect of

Details: Manama, Bahrain – 30 January 2020 – The Central Bank of Bahrain issued Resolution No. (4) for year 2020 regarding the Unified “Own Damage” Motor Insurance Policy (the comprehensive insurance policy), similar to the issuance of resolution No. (23) for the year 2016 regarding the Unified Compulsory Third Party Motor Insurance Policy, that has contributed to …

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Licensing & Registration CBB

Details: 1. Introduction. The following is a brief summary of the Central Bank of Bahrain’s (CBB) licensing process and other related matters, such as the requirement for a commercial registration. It is purely a guide and does not constitute the CBB’s formal requirements for licensing, which can be found in the relevant Volumes of the CBB’s Rulebook.

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Central Bank of Bahrain announces first company to

Details: Manama, 11 th December 2018 – The Central Bank of Bahrain (CBB) has announced that Tarabut Gateway, a subsidiary of Almoayed Technologies is the first company to successfully complete the Regulatory Sandbox stage and to receive the CBB’s in-principle confirmation under the Open Banking regulatory framework.. The announcement was made at …

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The Central Bank of Bahrain issues draft directives on

Details: Manama, Bahrain – 21 st January 2019 – The Central Bank of Bahrain (“CBB”) has today issued for consultation, draft directives on “Digital Financial Advice” (also known as “Robo-advice”) enabling its licensees to use technology to offer financial advice to their clients. The proposed directives cover the key requirements applicable to licensees who wish to use a …

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CBB announces launch of eKYC as part of digital

Details: Manama, Kingdom of Bahrain – 30 January 2021: Following the announcement of the national digital identity and the electronic Know-Your-Customer (eKYC) platform in April 2019, the Central Bank of Bahrain (“CBB”) has announced the successful launch of eKYC by financial institutions in the Kingdom as part of its initiatives for digital transformation in the sector.

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Reserve Management Policy CBB

Details: Reserve Management Policy. The Central Bank of Bahrain (CBB) manages the Kingdom of Bahrain’s foreign reserves according to CBB’s investment policy. The objectives include: Ensure high level of liquidity available. Preservation of capital. Enhance returns yet …

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Monetary Policy CBB

Details: Monetary Policy Framework. The Central Bank of Bahrain (CBB) is responsible for setting and implementing monetary policy in the Kingdom of Bahrain. Bahrain maintains a fixed exchange rate regime between the Bahraini dinar and the US dollar. The exchange rate peg provides an anchor for monetary policy. Low inflation and a stable currency are

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Resolution No.(4) of 2020 – Unified “On Damage” Motor

Details: Your complaints, suggestions and enquiries are welcomed. Is your issue related to Financial Institutions or to the Central Bank of Bahrain? Financial Institutions (Banks / Insurance Companies) Central Bank of Bahrain

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Netting Law, 2017 Part I

Details: Proceeding under the laws of the Kingdom has been instituted; 4 “Law” unless the context indicates otherwise, means the Netting Law, 2017; “Liquidator” means the liquidator, receiver, trustee, conservator or other Person or entity which administers the affairs of an Insolvent Party during any Insolvency Proceeding under the law of the

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Collective Investment Undertakings CBB

Details: Collective Investment Undertakings. Bahrain is host to a thriving mutual funds industry. The first overseas mutual funds started being marketed in Bahrain during the 1980s, and the first Bahrain domiciled scheme was launched in 1984. The first Collective Investments Schemes rules were issued by the CBB in 1992 and were subsequently revamped in

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CBB issues Resolution No. (23) of 2019 for the Issuance of

Details: Manama, Bahrain 24 March 2019 – As part of the Central Bank of Bahrain’s (“CBB”) effort to develop the financial sector in the Kingdom of Bahrain and in line with international best practices, the CBB has issued Resolution No. (23) of 2019 for the Issuance of Regulations in respect of Short Selling and Giving Securities on Loan, published in the Official …

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Comparison between the Benefits of the Unified “Own Damage

Details: Comparison between the Benefits of the Unified “Own Damage” Motor Policy (Comprehensive) and the Previous Policies

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CBB warns consumers against dealing with unlicensed

Details: Manama, Bahrain – 6 th August 2020 – The Central Bank of Bahrain (CBB) would like to warn consumers against dealing with unlicensed financial institutions that claim to offer investment in securities.. This warning comes as a result of a reported investment fraud committed in the Kingdom by two entities, “Bridge Capital Advisors” which claims to be based …

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Application for Regulatory Sandbox CBB

Details: Application for Regulatory Sandbox. You must be logged in to complete this form. If you are a new user, please click here to register first.

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CBB launches the Bahrain Open Banking Framework CBB

Details: Manama, Bahrain – 28 th October 2020 – The Central Bank of Bahrain (“CBB”) launched the Bahrain Open Banking Framework (Bahrain OBF) to ensure holistic implementation of Open Banking services by the industry. This framework includes detailed operational guidelines, security standards and guidelines, customer experience guidelines, technical open …

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Licensing Directory CBB

Details: The information contained in the CBB Register (the “Register”) is provided by CBB Licensees. The CBB is not responsible for the content of the Register nor any errors, omissions or inaccuracies in the information contained in the same.

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Application for a License CBB

Details: Please select the license type you are applying for as per the CBB Rulebook. Make a selection Volume 1 - Conventional Banks Volume 2 - Islamic Banks Volume 3 - Insurance Volume 4 - Investment Business Volume 5 - Specialised Licensees Volume 6 - Capital Markets - CSD Volume 6 - Capital Markets - MAE Volume 6 - Capital Markets - MIR.

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CBB warns against fraudulent scam involving the

Details: Manama, Kingdom of Bahrain – 27 June 2019 – The Central Bank of Bahrain (CBB) would like to warn the financial services community and members of the public of a scam in which the Cyprus Securities and Exchange Commission (CySEC) and its officers have been impersonated.. This warning comes in line with the International Organization of Securities …

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FinTech & Innovation CBB

Details: FinHub973: CBB Digital Lab. FinHub 973, by the Central Bank of Bahrain (CBB), is the region’s first cross-border, digital innovation platform that connects and facilitates collaboration between financial institutions and fintechs under the supervision of the central bank. Powered by Fintech Galaxy, FinHub 973 enables local and global fintech

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Currency Museum CBB

Details: The museum is housed within the Central Bank of Bahrain (CBB), in the Diplomatic Area in Manama. It traces the history of the currency in the Kingdom of Bahrain before and after Islam (B.C. to A.D.) and the currency issued by the Currency Board and the CBB.

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CBB Monthly Statistical Bulletin January 2020 CBB

Details: Manama, Bahrain, 15th March 2020 – The Central Bank of Bahrain (CBB) published its monthly statistical bulletin for January 2020 which indicated an increase in Money supply (M3) that reached BD 14,029.3 million as at the end of January 2020, compared to BD 12,704.0 million as at the same period-end last year, an increase of 10.4%.

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Application for Collective Investment Undertaking (CIU) CBB

Details: Your complaints, suggestions and enquiries are welcomed. Is your issue related to Financial Institutions or to the Central Bank of Bahrain? Financial Institutions (Banks / Insurance Companies) Central Bank of Bahrain

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Media Categories Treasury Bills CBB

Details: Manama, Bahrain – 4 th October 2021 – This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 216%.. The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain. The issue date of the bills is 6 th October 2021 and the maturity date is 5 th January 2022.. The weighted average rate of …

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Capital Markets Supervision Directorate (“CMSD”) CBB

Details: The Central Bank of Bahrain’s (‘CBB’) Capital Markets Supervision Directorate (‘CMSD’) is mandated to supervise and regulate the Kingdom of Bahrain’s capital markets; its main objective being to maintain a transparent, fair and efficient capital market for ensuring investor protection, thereby protecting the Kingdom’s integrity and reputation as the region’s leading financial

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Waqf Fund holds its 12th Roundtable Discussion on Creating

Details: Manama, Bahrain – 20 May 2019 – “The world of Islamic finance should establish its own profit rate benchmark and move away from using conventional interest rate benchmarks, despite serious challenges in design, implementation and monitoring of the new benchmark.” This was the conclusion of the 12 th Roundtable Discussion organized by the Waqf Fund on the …

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Upcoming Events CBB

Details: National Day. December 16 - December 17. Find out more ». « Previous Events. + Export Events.

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CBB presents plan for digital transformation to financial

Details: Manama, Bahrain – 13 January 2020 – In line with the directives of HM King Hamad bin Isa bin Salman Al Khalifa to the government to undertake the development of a comprehensive national plan to meet the needs of the digital economy and Artificial Intelligence (AI), the Central Bank of Bahrain (CBB) conducted an awareness workshop on CBB’s digital …

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The Central Bank of Bahrain introduces the Bahrain

Details: Furthermore, recently introduced laws such as Electronic Transferable Records Law and the Electronic Communications and Transactions Law that came into force in 2018 gave the required legal basis for the project. BECS, operated by BENEFIT, is the first fully pledged e-Cheque system in the world that caters to individual, as well as corporate

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