Plan to let civil societies invest surplus funds moves forward
TDT | Manama
Email: mail@newsofbahrain.com
Plans are advancing to allow civil societies to invest surplus funds within Bahrain while avoiding high-risk financial ventures.
The Shura Council drafted the government-backed proposal, which is set for a vote in Parliament on Tuesday.
If approved, the amendment would lift a blanket ban on financial activities, enabling associations to grow their resources under strict regulations. The government has endorsed the plan, confirming that it aligns with existing laws and the constitution.
The proposal seeks to amend Article 18 of the 1989 law governing associations, social and cultural clubs, youth and sports groups, and private institutions.
The Services Committee, which reviewed the bill, highlighted that regulated investments would provide civil societies with sustainable funding while keeping them clear of volatile markets.
Originally proposed by the Shura Council, the bill was sent to the government for legal review. The Cabinet referred it to the Legislation and Legal Opinion Commission, which finalised its wording
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