Thursday 2 April 2015
 
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CBB

Central Bank of Bahrain launches new liquidity tool

The Central Bank of Bahrain (CBB) has launched a new liquidity management instrument (wakalah) for Islamic retail banks. The instrument is aimed at absorbing excess liquidity of the local Islamic retail banks and place it with CBB

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Sico approves 9pc cash dividend

Securities and Investment Company (Sico), licensed by the Central Bank of Bahrain (CBB) as a conventional wholesale bank, has approved the payment of a cash dividend of BD3.86 million ($10.1 million), representing nine per cent of the paid-up ca

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Bahrain cbank warns borrowing in the face of oil price

The Central Bank of Bahrain (CBB) has warned that borrowing in the face of oil price drop and the absence of a plan to reduce deficit, will have an adverse impact on the kingdom’s economic stability. With increased governmen

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Bahrain cbank tightens rules on banker bonuses

New rules that restrict big bonuses for bankers in Bahrain have been implemented by the Central Bank of Bahrain (CBB) since July last year, according to its top official. Central Bank of Bahrain Governor Rasheed Al Maraj said the

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New drive to promote Bahraini women in banking launched

The Central Bank of Bahrain (CBB) and the Supreme Council for Women (SCW) have in partnership with industry leaders announced a year-long campaign promoting women in the financial and banking sector. This follows a high-level meeting ye

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Bahrain plans Islamic finance sector watchdog

The Central Bank of Bahrain (CBB) is drafting legal documentation to set up a sharia board of scholars that would oversee the kingdom's Islamic finance sector, in a step that could help the market compete with regional rivals.

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Bahrain’s cbank to host IFSB hearing

Malaysia-based Islamic Financial Services Board (IFSB) is set to organise two public hearings on exposure drafts of core principles for Islamic finance regulation and guidance note on liquidity risk management. The Central Bank of Bahra

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Bahrain cbank’s short-term bond oversubscribed 315pc

The Central Bank of Bahrain (CBB) has said its monthly issue of short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed 315 per cent. The subscriptions worth BD63 million ($166.1 million) were received for the BD

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Lost money in mis-sold deals? Hope at last!

Anyone in Bahrain who has ever lost money on an investment product that had not been pre-approved by the Central Bank of Bahrain (CBB) could now be able to claim it following a landmark ruling by the High Civil Court.  

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Bahrain banks told to replace old cheques

The Central Bank of Bahrain (CBB) has directed retail banks to expedite replacing their customers’ old design cheques with new cheques which contain new standards and specifications. The directive is in line with the cheque

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