Bahrain to regulate debt based crowdfunding
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.