Saturday 12 July 2014
 
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Central Bank of Bahrain

GCC to launch new debit card service

An integrated point of sale (POS) service that aims at facilitating purchases using debit cards within the GCC region through all POS terminals will be launched on Thursday, said a top Central Bank of Bahrain (CBB) official. Bahra

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GCC countries mull credit report programme

A plan to set up a joint credit information exchange programme that will minimise risks on the GCC financial system has been supported by Saudi Arabia, Kuwait and Bahrain, a report said. A number of firms and families have been he

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Bahrain central bank issues new disclosure rules

All licensed financial institutions in Bahrain will be required to publicly disclose their risk profile, risk management, capital adequacy, capital instruments and remuneration practices, under new rules by the Central Bank of Bahrain (CBB).

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Bahrain mulls solvency rules for Takaful industry

The Central Bank of Bahrain (CBB) has drafted new enhanced framework for the Takaful and Retakaful industry aimed at strengthening the solvency position of the firms, enhancing operational efficiency of the business, and safeguarding the interes

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Islamic finance 'facing integration challenge'

The biggest challenge in the development of Islamic finance is the need for integration within the global architecture, a top regulatory official said. Central Bank of Bahrain executive director for banking supervision Khalid Hama

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CBB takes steps for speedy cheque clearance

The Central Bank of Bahrain (CBB) has announced  key amendments that will help speed up clearing of cheques and reduce the risks of handling them, said a report.   The n

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CBB reviews key banking issues

The Central Bank of Bahrain (CBB) and the newly-elected board for the Bahrain Association of Banks (BAB) had their first meeting yesterday, chaired by CBB Governor Rasheed Al Maraj. The meeting discussed several open consultation papers

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Takaful industry 'will face big challenges'

The takaful insurance industry faces a number of major challenges as it grows both in the region and across the Islamic world and further afield, said a top official of the Central Bank of Bahrain (CBB). "Corporate governance

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Takaud gala marks launch in Bahrain

Takaud, the Mena region’s specialist provider of savings and pensions, held a gala reception yesterday (June 11) to mark its recent launch in Bahrain. Patronised by the Central Bank of Bahrain, the event at the Ritz Carlton

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Global sukuk market to hit $292 billion

The global Sukuk market is expected to grow more than 140 per cent to reach $292 billion in issuances by 2016, said a top official ahead of an upcoming global Islamic funds summit in Bahrain. “The potential size of the Islam

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