Applicants shall apply in writing to BDCB for a license under the Finance Companies Act, Chapter 89.
In considering any application for a licence, applicants must be able to satisfy the general requirements deemed necessary by the Authority, such as but not limited to:
Finance Companies offering Islamic financing business are required to establish a Syariah Advisory Body, which is appointed pursuant to section 6(2)(g) of Finance Companies Act and acts accordingly within the BDCB Guidelines to Banks and Financial Institutions on Fitness and Propriety for Syariah Advisory Body.
Application Fee | Annual Licence Fee | Security (Banker's Guarantee) |
---|---|---|
BND100.00 | BND5,000.00 | BND100,000.00 |
The Moneylenders Act, Cap. 62, requires any persons to apply for a licence to conduct the business of a moneylender.
Persons wishing to obtain a moneylender licence must submit a written application to BDCB.
In considering any application for a licence, applicants must be able to satisfy the general requirements deemed necessary by the Authority, such as but not limited to:
Interested applicants are required to submit the following documentations:
Annual Licence Fee | Credit Bureau Fee | ||
---|---|---|---|
Head Office | BND30,000.00 | Joining Fee | BND10,000.00 |
Branch | BND5,000.00 | Annual Fee | BND30,000.00 |
An application along with necessary documentations shall be submitted to:
For further enquiries, please contact 2380975 or email bankingpolicy[at]bdcb[dot]gov[dot]bn.