Bahrain to reg­u­late debt based crowd­fund­ing

Banking Frontiers - - News / Regulator -

The Cen­tral Bank of Bahrain (CBB) has re­leased reg­u­la­tions for debt based crowd­fund­ing, ap­pli­ca­ble to both Shari’a com­pli­ant and con­ven­tional in­vest­ments. The cen­tral bank may also an­nounce reg­u­la­tions for equity-based crowd­fund­ing too later. The CBB said it will be pos­si­ble for small and medium sized busi­nesses in Bahrain and in the re­gion to raise con­ven­tional or Shari’a com­pli­ant fi­nanc­ing through crowd­fund­ing, fol­low­ing a trend in the MENA re­gion. Gen­eral reg­u­la­tions are the same for both con­ven­tional and Shari’a com­pli­ant crowd­fund­ing plat­forms.

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