IslamicFinance.de

The assets in #Bahrain’s Islamic banking sector have risen from $1.9 billion in 2000 to $25.1 billion in 2015 and account for around 13% of the kingdom’s total banking assets. According to Director & Group CEO of Al Salam Bank-Bahrain, Yousif Abdulla Taqi, the bank is particularly appealing to a growing number of international clients. Investors are attracted to Islamic finance products for various reasons such as: diversification, ethical investments and asset-based investments. Al Salam Bank-Bahrain (ASBB) has a 6% market share of total Bahraini bank financing. The bank recently signed an agreement with Eagle Hills Diyar and Diyar Al Muharraq to set up an escrow account for the real estate development projects in the kingdom.