Description

Bahrain is one of the pioneers of modern Islamic banking, with origins tracing back to

1970s. Presently, the kingdom has become the international hub of shari'a-compliant

financial services, playing host to the largest concentration of Islamic financial

institutions in the West Asia. Economically, Bahrain is a nation in transition with some

unique economic features. It has a diversified economy and the dependence of the

Kingdom on the oil resources is comparatively less than the other members of the Gulf

Cooperation Council (GCC).