Bahrain summit explores trends, milestones in Islamic finance

Bahrain summit explores trends, milestones in Islamic finance

Bahrain, a prominent figure in the world of Islamic finance, continues to be a trailblazer in advancing knowledge capital and promoting innovation in the industry.

Home to influential global Islamic standard-setting bodies such as AAOIFI, International Islamic Financial Market and the General Council for Islamic Banks and Financial Institutions, the kingdom has been at the forefront of developments in Islamic fintech and digital transformations.

IFN, with the support of IsDB as the multilateral strategic partner, hosted the World Islamic Finance Dialogues 2023 this week at Wyndham Grand Manama.

The one-day summit kicked off with a keynote address by Khalid Hamad Al Hamad, Executive Director – Banking Supervision, Central Bank of Bahrain, which was then followed by the first session.

It served as a platform to discuss the building of momentum through the growth of Islamic financial markets.

This discussion explored the notable achievements and milestones of Shariah compliant financial and capital markets over the past year and regulatory environments’ influence over the growth and development of the Islamic markets, according to the organisers IFN.

It also included amendments that could be made to market regulations, and the development of the Islamic capital market including increasing market depth and liquidity, driving product innovation and widening the investor