Accepted Source of Wealth and Income – Rain - EN

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 Wealth
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.

Introduction:

Source of Income:

Source of Wealth:

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