In Bahrain, sharia-compliant banking currently accounts for a marginal share of the Bahraini financial sector. Recent estimates expect that Islamic financial assets in Bahrain could reach more soon.
Bahrain is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Bahrain's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.
Currently, Bahrain has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.
BAHRAIN ONLINE SHARIA BANK