Islamic financial institutions are increasingly interested in utilising financial technologies (fintech), with a survey published in May 2018 by the Bahrain-based General Council for Islamic Banks and Financial Institutions showing that over 70% of managers in the sector regard fintech and digital transformation as highly important factors in...
Despite macroeconomic challenges facing Bahrain, the kingdom’s stock market has performed reasonably well over the past two years. Although listings activity has been weak recently, developments such as the introduction of a real estate investment trust (REIT) in 2017 and the initial public offering (IPO) of a local logistics operator in 2018...
Bahrain’s online and digital banking segment is developing rapidly, bolstered by the kingdom’s aim to become a regional financial technology (fintech) hub. Throughout 2018 banks launched digital banking services tailored to the needs of Bahrainis. In March 2018 Bank ABC announced plans to launch neobank, a fully digital bank set to be...
Once reserved for ambitious start-ups and industry-leading tech operators, financial technology (fintech) has more recently caught the attention of major private sector firms and government planners alike, becoming a regular feature in budget speeches and strategic development plans. As fintech progressively plays a larger part in the lives of...
Growth in the banking sector has maintained an upward trajectory in recent years, with banking assets growing and investors taking note of the favourable and robust regulatory environment. This, combined with the sector’s profitability, high penetration rates and investment in financial technology (fintech), has strengthened Bahrain’s position...
Bahrain’s sharia-compliant insurance industry has developed rapidly in the years following the turn of the century. According to a report by multinational professional services firm EY, in 2001 takaful (Islamic insurance) accounted for 3% of the sector’s gross written premium (GWP), but by 2016 it had expanded to capture nearly a...
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