IslamicFinance.de

Dubai, Kuala Lumpur and even London aspire to be hubs for Islamic finance, but Bahrain still has a strong and respected role in this sector. The International Islamic Liquidity Management Corporation has put in place sound standards for a global liquidity management platform. There have been significant developments, like the successful restructuring of a number of Islamic wholesale and retail banks, including Venture Capital Bank, GFH, Bank Alkhair and Bahrain Islamic Bank, which were badly affected by the global financial crisis of 2008. In the coming years, more momentum in the area of real estate funds is expected to take place.