Loading…Loading…Loading…Loading…Country guide · OIC member state
Bahrain is one of the world's centres of Islamic finance. Manama hosts two of its global standard-setters: the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), founded in 1991, whose Shariah, accounting and governance standards are used by regulators in dozens of countries, and the International Islamic Financial Market (IIFM), which writes standards for Islamic capital and money markets.
Bahrain Islamic Bank, set up in 1979, was the kingdom's first Islamic financier, and the Central Bank of Bahrain regulates Islamic and conventional banks through a single Rulebook with dedicated rules for Shariah-compliant activity. This guide lists the institutions behind each part, with their pages on Wasabih.
The Accounting and Auditing Organization for Islamic Financial Institutions, founded in 1991 and based in Bahrain. It issues Shariah, accounting, auditing, ethics and governance standards for Islamic financial institutions.
According to AAOIFI, 47 regulatory and supervisory authorities in 42 countries adopt or recognise its standards, and Bahrain has adopted them in full.
The International Islamic Financial Market, a non-profit standard-setting body based in Manama that develops standard contracts and documents for Islamic capital and money markets.
The Central Bank of Bahrain, which regulates Islamic, conventional and digital banking through its Rulebook, with dedicated modules for Shariah-compliant banks.
Bahrain Islamic Bank, established in 1979, was the kingdom's first Islamic financier. Many Islamic banks and Islamic windows have followed.
Part of the Halal economy in Bahrain?
Claim your organisation's page, or add it for free, to appear in this guide and in business matching.