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CBB Sukuk Al-Salam securities oversubscribed
August 28, 2016
The monthly issue of the Sukuk Al-Salam Islamic securities, Sukuk Al-Salam, has been subscribed by 163 percent, as announced by the Central Bank of Bahrain (CBB).
Read more →Central Bank of Bahrain updates property development laws
July 11, 2016
Central Bank of Bahrain Governor Rasheed Mohammed Al Maraj issued a decree on property development management, appointing a secretary of real estate development in compliance with a 2014 law for more effective oversight. The resolution pertains to the administration of real estate development escrow accounts and financial agencies involved in future property development projects.
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CBB Sukuk Al-Salam securities sees slight decrease in return
June 25, 2016
The monthly issue of the Sukuk Al-Salam Islamic securities was released by the Central Bank of Bahrain (CBB). Reports show the securities have been subscribed at 102 percent. Subscriptions valued at Bahraini Dinar (BD) 44 million were accepted for the BD 43 million issue, documented with a maturity of 91 days.
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Central Bank of Bahrain redefines netting agreement enforcement
May 16, 2016
The Central Bank of Bahrain (CBB) has a revised regulation on the enforceability of netting agreements on the books. The bank issued Regulation No. 44 of 2014 regarding closeout netting under market contracts with the overall goals of reinforcing and clarifying the legal foundation for enforcing netting agreements in the kingdom.
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Bahrain’s BD 70 million treasury bills oversubscribed
May 15, 2016
During the week of May 9, the Central Bank of Bahrain announced that the BD 70 million issue of Government Treasury Bills carried a maturity of 91 days.
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Central Bank of Bahrain is urged to proceed with technology project
April 5, 2016
Adel Al A’ali, board member and head of the insurance and banks sector committee of the Bahrain Chamber of Commerce and Industry, urged the Central Bank of Bahrain to adopt a financial technology solutions project initiated by Ebtikar Association and the Bahrain-Norway Joint Business Council, saying the project has the potential to meet the needs of banks and financial institutions.
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Latest issue of treasury bills by Central Bank of Bahrain fully subscribed
March 8, 2016
The Central Bank of Bahrain (CBB) said Monday that this week's issue of $185.6 million in Government Treasury Bills has been fully subscribed by 112 percent.The maturity date of the bills, issued by the CBB on behalf of the kingdom of Bahrain, is June 8. The weighted average rate of interest is 2.01 percent, up slightly from the 2 percent rate for bills issued March 2.
Read more →Central Bank of Bahrain reacts to downgrade in sovereign rating
February 25, 2016
The Central Bank of Bahrain said it regrets a recent downgrade in Bahrain's sovereign rating as a reaction to the current financial standing of the oil industry. Bahrain was included in the list of oil exporting nations for which Standard & Poor's recently issued downgrades of the sovereign ratings due to the existing oil price challenge.
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Central Bank of Bahrain now offering electronic funds transfers
December 19, 2015
Customers at the Central Bank of Bahrain can now send and receive money through electronic funds transfers. The bank has partnered with the Benefit Co. to offer the service, which is connected to all of Bahrain's retail banks, as well as most of the kingdom's major billers.
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