n March 2020, the Central Bank of Bahrain (CBB) issued a number of directives to specific stakeholders as part of a broader stimulus package to try to soften the impact of the virus on Bahrain’s economy. The directives instructed all CBB licensees, including conventional and Islamic retail and wholesale banks, finance companies, microfinance companies and ancillary services providers registered in Bahrain to defer the collection of instalment payments on certain loans and credit cards from March 2020 to August 2020 (this quickly became known as the holiday period).
Source: gccfintax.com
