The question of compulsory health cover is not a new one for Bahrain’s insurance industry. The issue first came to the fore in 2005 when a proposal was presented to the Shura Council from where, having been approved, it was redrafted in legal format and sent to a parliamentary sub-committee for discussion. The rationale behind the initiative was the...
Claims by Bahrain to be a global centre of Islamic finance rest not just on the plethora of sharia-compliant institutions which have chosen to headquarter themselves in the country, but also on the large array of industry bodies that call Manama home. Of these, the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is...
The Central Bank of Bahrain (CBB) has been at the forefront of the global expansion of Islamic finance for decades and, together with Bank Negara Malaysia, is frequently cited as the body most responsible for its current popularity around the globe.
What strategies are being pursued by Islamic banks to reignite growth within the industry?
The Kingdom of Bahrain is synonymous with Islamic finance, and plays host to the largest concentration of sharia-compliant institutions in the Middle East. Islamic banks, insurance (or takaful) companies and investment firms have thrived within a regulatory regime which was one of the first in the world to recognise the importance of...
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