The King issues a directive to the Bahrain Central Bank to provide unprecedented facilities for all customers related to interest, profits, or fees on deferred installments
In accordance with the royal directives of His Majesty King Hamad bin Isa Al Khalifa, the country's monarch, may God bless and preserve him, to unify national efforts to face the repercussions of the global spread of the Corona virus at the local level in a manner that preserves the health and safety of citizens and residents in parallel with the continuation of the state’s programs and its course of action to achieve development endeavors Sustainable development for the benefit of citizens, after which a financial and economic package of 4.3 billion dinars was announced. The Governor of the Central Bank of Bahrain, His Excellency Rashid Rashid Al Maraj, stated that it follows the bank’s directives issued on March 17, 2020. E. The six deferred installments by retail banks, microfinance and microfinance companies should be without deferral fees and without additional interest or profits and no increase in the price of profit / interest, but the customer must, as previously done, pay the insurance company fees (if any) ) In relation to extending the life insurance policy.
The guidance includes credit due to credit cards that have already been deducted from the credit card limit as of March 19, 2020.