Bahrain leads the GCC pack in Islamic finance

For the second year in a row, Bahrain has been named the Gulf Cooperation Council (GCC) countries leading Islamic finance market and second out of 92 countries worldwide, according to the ICD-Thomson Reuters Islamic Finance Development Indicator (IFDI). Bahrain was also ranked as having the best governance in Islamic finance in the world, with the report praising the well-established regulatory framework covering all sectors, and high levels of disclosure. The IFDI is a measure of five components (including quantitative development, governance, corporate social responsibility, knowledge and awareness).