Question No.

1
(a)
Al Barka Bank Bahrain:
1.
Investment account:
We have made secure and simple investments for you. You can now deposit a certain quantity
for the desired period (1, 3, 6, 9, or 12 months) and enjoy your percentage of the anticipated
profits from our Shariah compliant company. You also have the choice to withdraw profits
earned at precise times.

Features and benefits

In accordance with the settlement concluded between the two parties and Islamic Sharia
regulations, the bank invests the budget deposited and shares the earnings with the customer.
This not best protects your income, however also opens up new opportunities for boom as a
result of our trusted partners. As an investor, you may get a certificate with funding details.

Details and fees

The minimal initial deposit amount for this account is 1,000 BD for the overall account and
100,000 BD for the special contract. We provide compensation within the case of early
withdrawal earlier than the quit of the contract.
Investor Profit Share:

2.
Wakala account

The NBK organization account is one of the most crucial accounts supplied to its clients. It is
available in most foreign currencies further to the nearby currency. This sort of account allows
people to put money into a number of the funding agencies available through the bank. They also
can deposit their savings and earn quarterly returns. The aspect that separates this investment
account is that it's far managed according to the concepts of Islamic Sharia.

(b)

Mr. Jawad is analyzing financing a single delivery truck financing facility for his enterprise
purpose. To gain a mortgage for his or her trucks, Mr. Jawad must pick the automobile
financing facility from the Kuwait Finance House in Bahrain. Kuwait Finance House - Bahrain
gives automobile finance in compliance with Islamic regulation to Bahrain clients through
"Murabaha".
This financing facility for your house made it easy for Mr. Jawad to achieve a mortgage for
their commercial enterprise, as those financing centers are in step with Islamic regulation
through “Murabahah”. This gives Mr. Jawad the flexibility to move the delivery truck through
paying the automobile financing dangers and the free installments in keeping with the bank's
schedule.

(c)

The Central Bank of Bahrain (CBB) is a popular statement of the enterprise principles of
traditional bank licenses and the number one obligations of authorized individuals. It serves as a
foundation for other topics in Volume 1 (conventional banks) and helps to cope with specific
conditions not discovered elsewhere in the book of guidelines.

Business ideas have a country of policies and apply along side other situations in Volume 1
(conventional banks). However, those other policies do now not negate the basic duties
contained in the principles. Compliance with all other enterprise guidelines and standards isn't
always guaranteed.

The Central Bank of Bahrain is answerable for regulating and supervising the whole Bahrain
economic sector. The obligations of the Central Bank of Bahrain consist of licensing of banks
and supervision (traditional and Islamic), insurance service providers (along with insurance
organizations and brokers), funding business licenses (funding groups, certified exchanges,
clearing homes and member organizations, cash brokers, and funding advisors) and other
institutions Finance. Service providers (which include exchange, consultant offices, finance
corporations, and auxiliary carrier providers).

Formula of Principles 1 - Integrity PB-1.1.1

Conventional financial institution licenses and accredited individuals ought to comply with high
requirements of integrity and truthful treatment. They must be honest and direct of their dealings
with clients and fully reveal all relevant data required with the aid of the phrases and situations
of the Central Bank of Bahrain.

Rationale 2 - Conflicts of Interest PB-1.1.2

Licensors of conventional banks and accepted persons must take all reasonable steps to decide
which conflicts of hobby may be in the high-quality hobby of the customer.

Principle 3 - Skill, Care and Appropriate Attention PB-1.1.3

Traditional bank licenses and approved individuals must perform with appropriate expertise, care
and diligence.

(d)
Article (4): The obligations and powers of the Central Bank
The Central Bank undertakes the subsequent obligations and powers:
1. Issuing forex according with the provisions of this law.
2. Coordination with the Ministry of Finance and different relevant bodies to attract and apply
appropriate monetary policies to acquire the Kingdom's brilliant economic goals, the safety of
the Bahrain foreign money and the stableness of the economy.
3. Take suitable measures to fight nearby, neighborhood or international monetary conditions.
4- Regulating, developing and licensing the submissions stipulated in Article 39 of this Bylaw
and institutional manage over the corporations that publish those requests.
 5. Work as a banker for the authorities inside the limits stipulated on this law.
6. Advising the government on matters associated to financial and financial matters.
7. Managing widespread gold reserves and foreign currencies.
8. Coordination with the Ministry of Finance, the International Monetary Fund and the
International Bank for Reconstruction and Development, as a monetary agent for the government
in other Arab and international institutions and funds, and to cope with all authorities
transactions.
9. Facilitate and inspire innovation in the monetary offerings industry.
10. Carry out every other tasks stipulated on this law.

Question No. 2

(a)
General Partnership Company
Public partnerships may be formed in accordance with the policies and tips installed by using the
Minister of Trade and Industry. Partners can depend on articles of respectable documentation
written and authorized to the institution, such as the detailed terms they receive to manipulate the
employer. The business enterprise's lenders are entitled to claim the organization's belongings as
well as the private property of any accomplice who became a member of the organization on the
time of the contract.

Joint Stock Company

There are many people who share stocks in a public shareholding organization through debatable
stocks. They are handiest chargeable for the debt and liabilities of the employer with the price of
its shares.

Management of a joint stock Company

The organization is concern to the Board of Directors of the shape and the duration specified in
the company's articles of association. At least 5 board members ought to be appointed for a
three-yr. renewal term.

A limited liability company

A restricted liability business enterprise way a organization whose range of partners does not
exceed fifty companions, and each of them is responsible only to the extent in their share inside
the capital.

It isn't always viable to establish a business enterprise, increase its capital, or borrow it in a
public offering. It does no longer trouble negotiable shares or bonds, and it's far situation to the
terms and conditions stipulated inside the Memorandum of Association for Partnerships Transfer
Company and the provisions of this law.

(b)
An authorship settlement is an agreement between a bankrupt borrower's lenders to accept a
lower quantity than it is, to obtain a right away price. Lenders agree to accept a positive partial
payment of the full amount of their claims, which ought to be divided into a proportionate
proportion while fully fulfilling their claims. The evaluate can only be reached with the consent
of the majority of creditors who in the end widespread the debt or in the meantime. The money
owed of creditors who do now not participate within the voting can't be deducted inside the
calculation of those majorities.
(c)
On May 30, 2018, the Bahrain Reorganization and Bankruptcy Law (Bahrain Law No. 22/2018)
(“Bankruptcy Law”) turned into adopted. The bankruptcy regulation targets to increase the fee of
bankrupted properties in the USA and to promote company reorganization on liquidation.
Although domestic in its application, financial ruin regulation is global in scope and design. US
financial disaster regulation Chapter eleven of the financial disaster law uses standards of
restructuring, consisting of a moratorium on enforcement measures, the ability to steady the sale
of assets from a financial ruin estate, get admission to financing on high-precedence terms, and
the implementation of a restructuring plan.

These are borrower-friendly virtual restructuring tools which can be popular and popular with
international organizations. The motive of issuing a financial disaster regulation is to reveal that
Bahrain is not a confrontational place to do business.

The financial disaster law `` adapts to the borrowers' telephone framework. An independent
"financial disaster trustee" is appointed while the company’s administrative and organizational
department is present. The financial ruin trustee has a fiduciary obligation to paintings for the
actual property interest, and performs some of functions, inclusive of assisting to prepare the
reorganization plan.

The bankruptcy law lets in the sale of property from a bankruptcy property. In order to provide
the sale, the court ought to recollect performing in desire of the bankrupt interest. The value-
introduced sales approach ought to additionally be utilized in principle. By imparting flexibility
for the sales system and growing the validity of the property, the secured property may be sold
with out collateral - if the secured lender agrees; - Cash generated from sale isn't always much
less than a secured debt loan; - cash generated from sale is not less than fair market cost; Or - the
sale takes area below a reorganization plan.
References:
Parashar, S.P., 2012. Regulation and Supervision of Sukuk Industry in Bahrain. The Islamic Debt Market for
Sukuk Securities, Cheltenham, UK and Northampton, MA, USA: Edward Elgar, pp.119-36.

Mohammed, W. and Jalal, A., 2011. The influence of knowledge management system (KMS) on enhancing
decision making process (DMP). International Journal of Business and Management, 6(8), p.216.

Gazur, W.M. and Goff, N.M., 1990. Assessing the limited liability company. Case W. Res. L. Rev., 41, p.387.

Levinson, L.J., 1983. General Partnership Interests and the Securities Act of 1933: Recent Judicial
Developments. Ohio NUL Rev., 10, p.463.

Invest in Bahrain. 2020. Bahrain’S New Bankruptcy Law - Invest In Bahrain. [online] Available at:
<https://bahrainedb.com/latest-news/bahrains-new-bankruptcy-law/> [Accessed 11 June 2020].

Cbb.gov.bh. 2020. Laws & Regulations | CBB. [online] Available at: <https://www.cbb.gov.bh/laws-regulations/>

[Accessed 11 June 2020].