VOL. XLV

No 5

4-February-2002

BAHRAIN

BahrainMonetary Agency Issues New Islamic Banking Regulations

TheBahrain Monetary Agency (BMA), the countrys central bank, announced on 12January that it had issued new regulations for Islamic banks, under the titlePrudential Information & Regulatory Framework For Islamic Banks (PIRI).The regulations (which can be accessed on bma.gov.bh) follow guidelines fromthe Bahrain based Accounting & Auditing Organization for Islamic &Financial Institutions...