A number of innovations have supported the efforts of the Central Bank of Bahrain (CBB) to transform the country into a leading regional centre for financial technology (fintech). These include several sharia-compliant solutions that could offer significant benefits to Bahrain’s growing Islamic financial services sector. Following the creation...
As both a regional and global leader in Islamic finance, Bahrain benefits from supportive regulation, capable human resources, and a reputation for diversified and mature offerings. Demonstrating this, the Islamic banking and insurance segments have recorded elevated growth rates compared to their conventional counterparts in recent years,...
A powerful driver of economic and non-oil growth, Bahrain’s banking sector plays an important role in ongoing diversification and development efforts. Furthermore, the kingdom has maintained its status as a regional financial centre, even with increasing competition from GCC neighbours. The sector has remained resilient in the face of subdued...
Over a decade on from the 2008 financial crisis, how secure is the global financial system today?
In the three decades before the 2007-08 global financial crisis, the world’s financial networks became increasingly interconnected. Financial system regulatory convergence and the growing penetration of World Trade Organisation rules, as well as the creation of currency unions such as the euro, resulted in a surge in cross-border capital flows...
In keeping with its aim to transform the kingdom into a regional hub for financial technology (fintech), the Central Bank of Bahrain (CBB) has undertaken several important regulatory reforms aimed at attracting new cryptocurrency and blockchain companies. Cryptocurrency development is expected to keep Bahrain at the forefront of regional...