Sayyid Badr bin Saud al Busaidy, Minister Responsible for Defence Affairs, and his accompanying delegation arrived in Bahrain yesterday to lead the Sultanates delegation in the 12th session of the Joint Defence Council of the GCC Defence Ministers due to be held in Manama. Sayyid Badr and his accompanying delegation were received at Shaikh Issa Air Base by Lt Gen Dr Mohammed bin Abdullah al Khalifa, State Minister for Defence Affairs of Bahrain, Maj Gen Shaikh Duaig bin Khalifa al Khalifa, Read more [...]

MANAMA : COMPETITION among countries vying for the Islamic finance hub crown should not be seen as a threat but rather as an incentive to spur more innovative offering and services. "Competition between these hubs such as Malaysia , London , Bahrain and Dubai to be the best provider of Islamic finance services and products will ultimately be healthy for the industry as a whole," said Khairul Nizam , deputy secretary-general of Accounting and Auditing Organisation for Islamic Financial Read more [...]

K Ramanathan KUALA LUMPUR: Globally, the Islamic banking sector is expected to outperform conventional banks in the medium-term, said Central Bank of Bahrain executive director for banking supervision Khalid Hamad. He said Islamic banking is emerging from a period of profit stagnation that was due mainly to the global economic uncertainties of the past decade despite its growing market. “For years, many Islamic banks have witnessed Read more [...]