Bahrain has pioneered the modern Islamic finance industry in the region, as its history on Islamic finance goes back to more than 40 years, according to a senior central bank official.
“We have continued to play a pioneering role in the Islamic finance industry in introducing new concepts as well as formulating rules and standards for Shariah-compliant financial transactions,” Khalid Hamad, Executive Director of Banking Supervision at the Central Bank of Bahrain (CBB) said……………………………………….Full Article: Source