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Instead of arranging the approval of the traders before their meeting with Shaikh Isa - as they have agreed with the British — they have instigated the refusal of the bank and mobilized a big group of them to oppose it as it represents a direct threat insane clown posse dating game album documentary their interests.
On March 10th,they were summoned by the Political Agent himself and he told them: It also failed to win the support of religious opposition against the bank from religious leaders such as Shaikh Qassim Al Mehza'a, the Magistrate of Bahrain.
They have disapproved the idea of establishing a bank in Bahrain for many reasons but the most important amongst them is that the bank's business is limited to usury, which is unlawful in our Islamic Shariah.
The visit of Mr. Thus, as Lauremer mentioned in "Gulf Guide", he opened a small office in Manama and appointed an Arab citizen and a subject of Britain, to manage the office.
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This help would also be provided during critical times. Although this letter is considered an immediate answer to the local refusal, yet the ignorance accorded to the letter and the deceit of some local traders who failed to obtain approval of traders, has prompted the British Political Agency to look into the issue more carefully and started investigating the issue and discovered many clues behind the opposition and its personalities.
In Arab bank bahrain online dating 3,the bank's premises was opened officially although banking services started only on July 20 of the same year.
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On 8th August about 30 Bahraini traders signed a petition demanding the opening of the bank and this petition they said: After securing formal procedures related to the approval, the Political Agent sent a letter to his colleague at Baghdad Political Agency on 19th August in which he said: After few days of receiving their application, the Political Agent sent a cable to the British Foreign Office informing them about the bank's application.
Complimentary Remittances Now you can transfer funds from your account to any other Arab Bank account at any of our branches in your country or abroad for free.
This service is available for free through Arab Bank plc branches in the following countries: A day after the visit, 14th February, the Political Agent wrote a letter to Shaikh Isa which reads as follows: Despite securing approval for the bank and the end of the political opposition, the bank's opening has been delayed without any damages caused to the bank as the Political Agent in Bahrain expected.
In fact the religious objection was a winning card in the hand of the opposition, which can be used to reject the bank by broadening the opposition base to include the local people who oppose any practice which violates the Islamic Shariah and also through mobilizing local religious scholars to reject the project and mobilize the people against it.
Besides, it was a golden opportunity to launch new plans by the middle of the year. Those traders were receiving deposits of the pearl traders and keep them in safes in their large shops.
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Four days latter the British obtained the formal approval letter from the Ruler Shaikh Isa containing some conditions set out by him such as that no one in Bahrain shall deal with the bank except by his personal approval in addition to the importance of respecting the laws of the country.
Besides, they decided to play a double role. The bank will also be subject to the laws practiced by local courts in Bahrain which is in line of Islamic Shariah. After few months of obtaining official license from Britain, the bank dispatched its official representative, Mr.
The British Agency threatened the opposition traders and warned them to immediately stop their opposition and interference into this matter or strong procedures would be taken against them.
The bank's branch in Basra, Iraq, approached the British Political agency to open a branch in Bahrain after receiving a formal application from the main branch of the bank in India.
The customer contact center is also available to you around the clock. Macfill, the Banks' representative, is to open a branch in Bahrain after they had received approval from the British Government.
This free service is available through Arab Bank branches around 10 countries and for all inward and outward remittances to, or from, any of our branches in Jordan.
It is natural that the first British response was to summon those traders.
This will allow you to enjoy the same privileges for your accounts in other countries and have access to Elite centers across our network with preferential services on offer. But the result came contrary to this arrangement.
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Arab Bank - Bahrain: Arabi Online
In view of the benefits and facilities which will be provided by the bank to Bahrain traders, I hope you approve the application of the bank. Those traders not only opposed the bank but they have done more than that.
Availability of issuing periodic outward remittances in specified amounts and dates. At the end, the bank must be opened very quickly as any delay will be harmful to the bank".
In view of such huge economic interests for those traders, the British missed to understand that they will never agree to such a bank as it is going to threaten their business and personal wealth despite their friendship and cooperation with the British Agency.
We also inform your Highness that the Oriental Bank is a well-known British company with good reputation. Provide them with all necessary facilities to freely ship Rupees in government ships. The refusal letter was never expected by the bank and the British Agency.
A significant number of Bahrain traders, particularly pearl traders, were part of the local opposition group. In Julythe Agency succeeds, through individual meetings with a large number of traders, in convincing the trades to approve the setting up of the bank.
The bank employees must follow my advice with regard to local dealings in order to win the trust of the locals. Provision of competent employees, the special procedures needed to provide the bank's administrative and financial requirements in addition to getting a suitable office in Manama were among the main factors which delayed the opening of the bank until The first fact which was unveiled by the British is that some transactions of the bank already exist in Bahrain and it was handled by a group of traders who served the Agency before.
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The establishment of the bank will achieve a lot of benefits for the commercial position of Bahrain. Van Linip, the branch manager of the British Imperial Bank in Iran visited Bahrain to see the possibility of opening a branch for the bank.
Despite the fact that the experience of this office came to an end shortly, even though it was an assessment office, which did not practice any real banking, yet this early experience has shaped the economic importance of Bahrain and its important role in the Gulf.
In June,Mr. This issue creates difficulty for general traders and pearl traders in sending money to India in order to pay for imported goods, in addition to other facilities, which will be provided to them by the bank.
You can also interact with us through Terms and conditions related to the service apply. The result of this study and the Agency's consultation with the Foreign Office appeared to gamble on the time factor by waiting for reasonable period until the uproar is over after which a second application to open the bank may gain success.
In the first counter move by the Political Agency, the Political Agent wrote a long letter to Shaikh Isa dated 23rd February which reads: In the strong opposition faced by the bank, what was strange is that the religious opposition related to interests or usury was forgotten although it was the main objection which was mentioned in the Shaikh's letter and the traders meeting.
The above mentioned services are available for free through Arab Bank plc branches in the following countries: The Political Agency utilized the calm situation and the end of provocation against the bank to study the issue further and put new plans in order to win the next round against the opposition which became in a weak position after its leadership gave in to the Agency's threats.
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