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Accepted Documents for Source of Income and Source of Wealth

Introduction:

This article serves as a reference for the accepted Source of Wealth and Source of Income documents. 

At Rain, we make sure to apply the industry’s best practices to maintain account integrity. Rain is licensed and regulated by the Central Bank of Bahrain (CBB), and as per the regulations set forth by the CBB, we are required to request Know Your Customer (KYC) documents from all of our users.

 

Bank Statement, Source of Wealth, and Source of Income can be in several forms and must include your name, date, and the issuing authority/company, etc. 

 

Source of Income:

An official document that shows the source of your income on a regular frequency. 

 

Accepted Source of Income

Source of Income

 Examples
Salary
  • Payslip (no older than 3 months); OR
  • Salary Certificate (no older than 3 months); OR
  • Employment Contract; OR
  • Bank statement displaying the payment

Business Income/Profits
  • Business tax return; OR
  • Tax statement for self-employed; OR
  • Financial statement and a document showing ownership of the business; OR
  • Bank statement for a business account (no older than 3 months) and a document showing ownership of the business
Pension
  • Pension details; OR
  • Fund Statement (if available); AND
  • Bank statement displaying the payment

Government Benefits
  • Details of the government benefits; AND
  • Bank statement displaying the payment

Income from investments (e.g. shares, bonds, sukuk, etc.)
  • Payment receipts containing information of the buyer and seller; AND
  • Bank statement displaying the payment

Income from the sale of real estate or other property
  • A copy of the contract of sale; OR
  • A copy of the land registry/certificate of title (or its equivalent): OR
  • A letter from a real estate agent or lawyer confirming the sale of the property; AND
  • Bank statement displaying the payment

Income from renting/leasing
  • Rental agreement; AND
  • Bank statement displaying the payment

 

Source of Wealth:

A document or a collection of documents showing the origin of your entire body of wealth (i.e. total assets).

 

Accepted Source of Income
Source of Wealth Examples

Family/Generational wealth and personal background
  • Inheritance
  • Gifts (from family including spouse/partner)
  • Divorce settlement
  • Lawsuit settlement
  • Pension
  • Retirement benefit scheme pay-outs
  • Lottery wins
  • Real Estate owned
  • Artwork

Income, Revenue, and Business Activities
  • Business ownership
  • Employment
  • Sales of products
  • Business properties
  • Bonuses
  • Commissions
  • Retirement scheme
  • Salary

Investment Activities
  • Acquisitions
  • Sale of investments e.g. securities, royalties, patents, etc.

 

 

 

About Rain

Rain is a cryptocurrency platform in the Middle East, headquartered in the Kingdom of Bahrain. We are licensed and regulated by the Central Bank of Bahrain (CBB). Rain enables you to buy, sell, and store bitcoin and other cryptocurrencies, in a regulated, secure, and compliant way.

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