From Menafn.com: The total value of Bahraini banks’ Islamic banking assets increased by 50 per cent in 2008 to $24.6 billion against $16.4 billion in 2007, according to figures issued by the Central Bank of Bahrain or CBB.

The CBB has approved more than 33 licences for Islamic finance institutions since 2005. There are 36 specialist Islamic banks operating in the Kingdom whilst many conventional banks, recognising the growing importance of Islamic banking, have successfully integrated Islamic windows within their operations…….Full Article: Source