Financial Services

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How do you evaluate the sector’s overall regulation?

THE COMPANY: Barloworld, founded in 1902 to sell wool products, is a South African-based engineering equipment retailer. Charles Barlow expanded the business into the distribution and servicing of Caterpillar equipment in 1927. Since 1927 the company became one of Caterpillar’s leading dealerships in...

In regional terms, Bahrain’s history as an insurance centre is a long one. The domestic insurance sector began to form in the 1950s, when a group of taxi drivers pooled resources to form the nation’s first mutual company in order to abide by a legal requirement to obtain third-party liability insurance cover for their vehicles. That decade also saw...

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...

What are the advantages to be gained from mergers in the Islamic banking sector?

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