IslamicFinance.de

Bahrain’s Al Baraka Banking Group (ABG) and Venture Capital Bank lead the GCC Islamic Financial Disclosure Index Rankings, it has emerged. The conveners of the 22nd annual World Islamic Banking Conference (WIBC) revealed the ranking of the top five GCC Islamic banks rated according to their financial disclosure, subsequent to the announcement of the launch of the WIBC Leaderboard. As per the rankings, the banks, both based in Bahrain are positioned at the top of the Islamic financial institutions in the GCC with a score of 69 and 68 respectively. The index ranges from zero to 100, with higher values indicating more disclosure.