Islamic Finance
Regulation, Risk & Compliance
Retail Banking
Uncategorized
Central Bank of Bahrain launches new liquidity tool
As part of ongoing efforts towards the development of Islamic banking and promoting liquidity management for Islamic retail banks, the Central Bank of Bahrain (CBB) launched a new Sharia-compliant Wakalah liquidity management instrument. This instrument, which was approved by the Sharia Board of the CBB, is aimed at absorbing excess…
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Source: The Central Bank of Bahrain