Latest news with #IslamicAffairsandWaqf
Daily Tribune
6 days ago
- General
- Daily Tribune
HRH Prince Salman appoints directors
His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, yesterday issued Edict (33) of 2025, appointing a director at the Ministry of Justice, Islamic Affairs, and Waqf, based on the recommendation of the Minister of Justice, Islamic Affairs and Waqf. Nawaf Mahmood Ahmed Al Jaber shall be appointed as Director of the Licensing Directorate at the Ministry of Justice, Islamic Affairs and Waqf. HRH Prince Salman also issued Edict (34) of 2025, appointing a director at the Survey and Land Registration Bureau (SLRB), based on a proposal by the President of the SLRB. Abdulrahman Ali Jassim Shuwaiter shall be appointed as the Director of the Directorate of Land Survey at the SLRB, replacing Khalil Ebrahim Dhaen Al Dhaen. The Minister of Justice, Islamic Affairs and Endowments and the President of the SLRB shall implement the provisions of the edicts, which come into effect from the date of its issuance.
Biz Bahrain
05-05-2025
- Business
- Biz Bahrain
CBB organizes workshop on 'Legal Professionals Account Opening Guidance'
In line with the newly introduced requirements by the Ministry of Justice, Islamic Affairs and Waqf, the Central Bank of Bahrain (CBB) hosted a workshop to discuss the 'Legal Professionals Account Opening Guidance' paper issued by the Central Bank of Bahrain. The session focused on showcasing the process retail banks are expected to follow when opening accounts for lawyers or law firms. Under the updated requirements, legal professionals must have dedicated bank accounts for client payments, which may only be opened upon receiving a no-objection certificate from the Ministry. The letter must also include relevant Know Your Client (KYC) information, aligning the process with established compliance and transparency standards. The workshop was attended by nearly 60 representatives from the CBB, the Ministry of Justice, Islamic Affairs and Waqf, and various retail banks. The opening remarks were delivered by Mr. Nawaf Ahmed Bubshait, Director of the Compliance Directorate at CBB, followed by Mr. Salman Al-Ameri, General Registrar at the Ministry of Justice, Islamic Affairs and Waqf. The CBB's Compliance team followed with a detailed presentation and opened the floor to questions posed by the participants. On the occasion, Mr. Nawaf Ahmed Bubshait said: 'The CBB remains committed to strengthening its cooperation with the relevant entities and maintaining open channels of communication with public and private sector organizations. We aim to support our licensees as they navigate evolving developments in money laundering, terrorism financing, and proliferation financing. The publication of our guidance paper for legal professionals stems from our proactive approach to ensuring financial institutions are aligned with the relevant international compliance standards.' For his part, Mr. Salman Al-Ameri remarked: 'Through this joint workshop, the Ministry is pleased to collaborate with the CBB to support the implementation of the new regulatory framework. These guidelines represent a significant milestone towards enhancing oversight and accountability in the banking sector, and we commend the Bank's efforts in ensuring the implementation of these standards.' The CBB continues to issue guidance papers and hosts workshops, seminars, and roundtable discussions on an annual basis to keep licensees informed about ongoing regulatory developments and supervisory expectations. About the Central Bank of Bahrain (CBB): The Central Bank of Bahrain (CBB), established on 6th September 2006 under the 2006 CBB and Financial Institutions Law, is responsible for maintaining monetary and financial stability in the Kingdom of Bahrain. It succeeded the Bahrain Monetary Agency (BMA), which had been performing central banking and regulatory functions since 1973. Inheriting the BMA's 33-year track record, the CBB continues to oversee a wide range of critical functions. These responsibilities include implementing Bahrain's monetary and foreign exchange rate policies, managing government reserves and debt issuance, issuing the national currency, and overseeing the country's payments and settlement systems. As the sole regulator of Bahrain's financial sector, the CBB covers banking, insurance, investment business, and capital markets. This broad mandate ensures a consistent policy approach and a streamlined, efficient regulatory framework for financial services firms operating in the Kingdom.
Zawya
04-05-2025
- Business
- Zawya
CBB organizes workshop on 'Legal Professionals Account Opening Guidance'
Manama, Bahrain – In line with the newly introduced requirements by the Ministry of Justice, Islamic Affairs and Waqf, the Central Bank of Bahrain (CBB) hosted a workshop to discuss the 'Legal Professionals Account Opening Guidance' paper issued by the Central Bank of Bahrain. The session focused on showcasing the process retail banks are expected to follow when opening accounts for lawyers or law firms. Under the updated requirements, legal professionals must have dedicated bank accounts for client payments, which may only be opened upon receiving a no-objection certificate from the Ministry. The letter must also include relevant Know Your Client (KYC) information, aligning the process with established compliance and transparency standards. The workshop was attended by nearly 60 representatives from the CBB, the Ministry of Justice, Islamic Affairs and Waqf, and various retail banks. The opening remarks were delivered by Mr. Nawaf Ahmed Bubshait, Director of the Compliance Directorate at CBB, followed by Mr. Salman Al-Ameri, General Registrar at the Ministry of Justice, Islamic Affairs and Waqf. The CBB's Compliance team followed with a detailed presentation and opened the floor to questions posed by the participants. On the occasion, Mr. Nawaf Ahmed Bubshait said: 'The CBB remains committed to strengthening its cooperation with the relevant entities and maintaining open channels of communication with public and private sector organizations. We aim to support our licensees as they navigate evolving developments in money laundering, terrorism financing, and proliferation financing. The publication of our guidance paper for legal professionals stems from our proactive approach to ensuring financial institutions are aligned with the relevant international compliance standards.' For his part, Mr. Salman Al-Ameri remarked: 'Through this joint workshop, the Ministry is pleased to collaborate with the CBB to support the implementation of the new regulatory framework. These guidelines represent a significant milestone towards enhancing oversight and accountability in the banking sector, and we commend the Bank's efforts in ensuring the implementation of these standards.' The CBB continues to issue guidance papers and hosts workshops, seminars, and roundtable discussions on an annual basis to keep licensees informed about ongoing regulatory developments and supervisory expectations. About the Central Bank of Bahrain (CBB): The Central Bank of Bahrain (CBB), established on 6th September 2006 under the 2006 CBB and Financial Institutions Law, is responsible for maintaining monetary and financial stability in the Kingdom of Bahrain. It succeeded the Bahrain Monetary Agency (BMA), which had been performing central banking and regulatory functions since 1973. Inheriting the BMA's 33-year track record, the CBB continues to oversee a wide range of critical functions. These responsibilities include implementing Bahrain's monetary and foreign exchange rate policies, managing government reserves and debt issuance, issuing the national currency, and overseeing the country's payments and settlement systems. As the sole regulator of Bahrain's financial sector, the CBB covers banking, insurance, investment business, and capital markets. This broad mandate ensures a consistent policy approach and a streamlined, efficient regulatory framework for financial services firms operating in the Kingdom.
Daily Tribune
07-04-2025
- Politics
- Daily Tribune
Shura Council backs expansion of alternative sentencing on way to rehabilitation
Over 8,000 convicts have been spared jail time under Bahrain's alternative sentencing law. Now the Shura Council has agreed to extend its scope, approving changes to the legislation during its session yesterday and passing the bill to the Prime Minister. The draft, tied to Royal Decree No. 96 of 2024, amends Law No. 18 of 2017. It proposes new forms of non-custodial punishment, sets out a single body to manage enforcement, and grants the Interior Minister power to decide where such sentences may be carried out. Justice, Islamic Affairs and Waqf Minister, His Excellency Nawaf bin Mohammed Al Maawda, and Social Development Minister, H.E. Osama bin Saleh Al Alawi, attended the debate. Final vote A final vote was taken in the same sitting, with the bill now on track to reach His Majesty King Hamad bin Isa Al Khalifa. Ali Al Aradi, rapporteur for the committee handling the matter, said the changes aimed to keep up with shifts in working life and to improve how sentences are put into practice. 'This will help those affected to find their footing again,' he said. Al Maawda told the chamber that each case is weighed up carefully. Behaviour 'Every file comes with a report, and each person is assessed by those in charge of security, as well as staff inside the correctional facility. Their behaviour inside the prison is taken into account,' he said. 'There are ways of checking if someone has gained anything from their time on an alternative sentence. No one walks out the door unless they've ticked all the boxes and proved ready.' During the discussion, Shaikh Ahmed Al Khalifa questioned the match between the new types of sentence and the nature of the offences. 'Is the replacement really fair in light of the crime?' he asked. He also wanted to know if those under review are given proper assessments, not just in terms of behaviour, but their state of mind and health. Support He noted that many departments had supported the proposed changes. 'This offers a way back. It gives those sentenced to jail a chance to be part of society again.' Dr Ali Al Rumaihi, who chairs the Foreign Affairs, Defence and National Security Committee, said 8,278 people had already benefitted from the existing law since it came into force in 2018. 'The idea has been put to work here more than in most places across the region,' he said. 'These changes will make it clearer who is in charge of what, and will widen the use of these sentences.' Input Dr Jehad Al Fadhel, Second Deputy Chairwoman of the Council, said the law had evolved with input from the Ministry of Interior, based on how it has played out on the ground. 'The thinking has changed. Prisons here are not just holding pens. The purpose is to put people back on their feet.' She added that some of the planned penalties involve treatment in mental health clinics. Villain 'That shows a grasp of the fact that not everyone behind bars is a villain. Some need help, not a cell.'
