A new regulatory framework governing Bahrain’s sharia-compliant insurance, or takaful, sector is expected to play a key role in generating new growth across the segment by attracting more players to the market as well as boosting competition among operators.
Pension fund assets in the Middle East and North Africa could be worth $5trn by 2020, and financial analysts forecast that if institutional pension fund investors in the GCC divert just 20% of their current assets under management to the Islamic asset management sector, it could represent a $36bn boost for the industry. With its strong track record of developing new...
Widely regarded as a leading centre of innovation in Islamic financial services (IFS) and known for its robust and responsive regulation, Bahrain is growing in influence. The kingdom’s Islamic financial institutions are regulated by the Central Bank of Bahrain (CBB), and in 2014 the CBB has made a number of refinements to its codes and rules for...
With one of the world’s longest traditions in Islamic banking and a diverse offering of retail and wholesale shariacompliant lenders, Bahrain is seen as a leading centre of one of the fastest-growing global financial phenomena. A number of international institutions providing guidance, ratings, standards and education in Islamic finance have...
What new asset classes are emerging that could provide sustainable profits for the future?
The 2008-09 financial crisis threatened the stability of the global banking system, and central banks across the world were forced to take unprecedented measures to stabilise the situation and to provide a safe operating environment for the financial industry. Financial regulators still have to deal with many issues to ensure that the new regulations provide a foundation...
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