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Bahrain's Islamic banking sector set for further growth

15 Jun 2021 | Tuesday Source: Zawya

Bahrain’s sizable Islamic banking sector is set for further growth powered by consolidation and rising appetite for Sharia-compliant finance, it has emerged.

A report by Fitch Ratings issued yesterday says the market share of Islamic banks (including Islamic windows) in Bahrain is expected to increase in 2021-2022 after reaching 37.1 per cent of domestic banking system assets and 17.2pc of total banking system assets (including foreign assets) at end-2020.

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