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Global sukuk market to hit $292 billionThe global Sukuk market is expected to grow more than 140 per cent to reach $292 billion in issuances by 2016, said a top official ahead of an upcoming global Islamic funds summit in Bahrain. “The potential size of the Islam More… |
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Bahraini banks ‘unaffected by cyber attacks’No Bahraini bank has been affected by cyber attacks, the Central Bank of Bahrain (CBB) said yesterday, referring to $45 million stolen recently from two banks in the Middle East. CBB was highlighting the fraud at the UAE-based Nat More… |
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Bahrain bad loans rise to $136mThe Central Bank of Bahrain (CBB) has reported BD51.5 million ($136 million) in bad loans last year, said a report in our sister paper Akhbar Al Khaleej. “Bad loans averaged 3.4 per cent of the total consumer loans which top More… |
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Training programmes vital for takaful sectorThe takaful industry needs to strengthen the skills of human resources with requisite expertise in areas like life insurance, risk management and Sharia compliance, said a top Bahrain banking official. "The industry must focu More… |
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CBB sukuk oversubscribed 248pcThe Central Bank of Bahrain has announced that the monthly issue of the Sukuk Al Salam Islamic securities for the BD18 million ($47.2 million) issue has been oversubscribed by 248 per cent. The issue, which carries a maturity of 9 More… |
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CBB plans key services to improve bankingThe Central Bank of Bahrain (CBB) emphasised on its readiness to work and co-operate with banks operating in the Kingdom for the improvement and development of banking and customer services in a fast and secure environment. Speaking at a m More… |
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CBB releases new volume of RulebookThe Central Bank of Bahrain (CBB) has announced that it has released Volume 7 of its Rulebook, called Collective Investment Undertakings (CIU). The new volume provides comprehensive rules and regulations pertaining to the authorisation/reg More… |
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Sharia products see significant growthIslamic financial products represent a class of investment which appeals to those looking for socially responsible or ethical investments and are a fast-growing asset class globally, according to a top Central Bank of Bahrain (CBB) official. More… |
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GCC institute planning roadshowThe first member roadshow of the GCC Board Directors Institute (BDI) will be held on May 30 in Bahrain under the theme 'Celebrating Five Years of Corporate Governance Excellence in the GCC'. The roadshow will feature a keynote addres More… |
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Islamic finance sector 'facing key challenges'Islamic finance industry is facing key growth constraints that need to be addressed, said Central Bank of Bahrain (CBB) executive director of financial institutions supervision Abdul Rahman Al Baker. "We are seeing continuing fragmentation More… |
