Bahrain is home to four international Islamic finance governing bodies, including the Accounting and Auditing Organisation for Islamic Financial Institutions ( AAOIFI). The kingdom is pushing for greater international standardisation in the sector, which is taking place as more and more countries adhere to AAOIFI guidelines; these in turn are...
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...
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