Investors globally hold more than $1.5 trillion in Sharia-compliant assets which include equities that are in line with Islamic principles, Sukuk and Islamic funds, according to a senior official at the Central Bank of Bahrain. “Islamic financial products represent a [...]
The Kingdom of Bahrain has emerged as the home of modern Islamic banking and finance. The Central Bank will continue to work tirelessly on the issue of human resources development for IFIs and standardisation of sharia’h products, according to a [...]
Central Bank of Bahrain announced that from 31st January 2012, all bank customers in Bahrain need to use an IBAN when making or receiving electronic payments through banks within Bahrain or overseas. This means a person wishing to make a [...]
Mahmood Rafique Bahrain welcomed a high-level Irish delegation led by John Bruton, Chairman of Ireland’s International Financial Services Centre (IFSC) and other representatives from Ireland’s financial services industry. During their visit, the delegation hosted a seminar entitled “Irlanda – il [...]
Rasheed Mohammed Al Maraj, Governor Central Bank of Bahrain (CBB) lauded the efforts undertaken by the ABG to develop the Islamic finance industry and taking it to the different markets across the world. Al Maraj also congratulated the ABG for [...]
