The merger is being carried out through a share swap of 11 Al Salam Bank shares for every one BMI Bank share.
The company recorded a net income of $60.1 million in H1 FY 2014, compared to $39.2 million last year.
The new rules cover the operations and solvency of takaful firms.
The decision comes soon after stalled reconciliation talks between the ruling family and the opposition were revived.
Batelco confirmed a deal with Cable & Wireless Communications in 2013 to buy its Monaco and Islands Division for $570 million.
Sunday’s violence followed the death of 20-year-old Fadhel Abbas, who died in police custody.
The Bahraini wealth fund’s finances were hit by losses at struggling national carrier Gulf Air.
Earlier this month the government said it was suspending talks with opposition groups.
GFH, which bought the second-tier club in 2012, said it had agreed to sell the stake to a consortium of British investors.
TDX is the UK’s largest debt placement services and debt management platform company.
Reconciliation talks were suspended last week in a setback for efforts to stabilise the country.
GFH bought Leeds United in December 2012 through its Dubai-based subsidiary, GFH Capital.
Criminal and civil allegations claimed officials were bribed for years to accept the supply of raw materials from Alcoa.
The breakdown raises the prospect of more political instability in the country.
Investcorp recently bought a 25 per cent stake in Saudi Arabia’s sports and fitness business Leejam Sports Co.
The Gulf Arab kingdom has been rattled by bouts of unrest since February 2011.
Authorities are using arrests, raids and strict new laws against activists seeking political reform.
The benefits are estimated to cost the government BD6 million annually.
Three men in the Kingdom have been jailed for 15 years for two homemade-bomb attacks.
Bahrain’s National Oil and Gas Authority (NOGA) announced plans on Dec. 23 to raise the price of diesel from Jan. 15.
The men were convicted of carrying out two attacks, including one during last year’s Formula 1 race.
The alleged torture took place in 2011 when Bahrain was hit by unrest.
The price will rise to 120 fils ($0.32) per litre next Jan. 14, to 140 fils in Jan 2015, 160 fils in Jan 2016 and 180 fils in Jan 2017.
The Bahraini operator bought Cable & Wireless Communications’ (CWC) Islands division for $570 million in April.
Hisham Al Rayes had been acting CEO since March 2012.
The oil sector contributed about 45 per cent of output growth, thanks to higher crude prices on global markets.
The Swiss wealth manager will gain a foothold in Beirut and Manama and strengthen its existing presence in Dubai.
DWC greets its first full service carrier as Gulf Air marks its first flight to the new airport
The Gulf state is currently home to the US 5th Fleet.
Businessman Victor Dahdaleh is on trial accused of paying some $67 million in bribes to former Alba managers.