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Bahrain records 1st place in Islamic finance development
(MENAFN) According to the seventh and latest annual Islamic Finance Development Indicator (IFDI), Bahrain has crowned the entire Mena region for Islamic finance indicator.
The kingdom, which has led Mena in all seven IFDIs to date, also ranked in second place globally this year.
The IFDI is part of the annual Islamic Finance Development Report produced by the Islamic Development Bank's private sector development arm " the Islamic Corporation for the Development of the Private Sector (ICD) " in partnership with information provider Refinitiv. Key findings of the report and the IFDI were released today at the Indonesia Sharia Economic Festival in Jakarta.
The IFDI provides an annual grade for each economy in the global Islamic finance industry. It collects scores across five component areas " quantitative development, knowledge, governance, corporate social responsibility, and awareness " for the 131 countries where Islamic finance has a presence.
The kingdom, which has led Mena in all seven IFDIs to date, also ranked in second place globally this year.
The IFDI is part of the annual Islamic Finance Development Report produced by the Islamic Development Bank's private sector development arm " the Islamic Corporation for the Development of the Private Sector (ICD) " in partnership with information provider Refinitiv. Key findings of the report and the IFDI were released today at the Indonesia Sharia Economic Festival in Jakarta.
The IFDI provides an annual grade for each economy in the global Islamic finance industry. It collects scores across five component areas " quantitative development, knowledge, governance, corporate social responsibility, and awareness " for the 131 countries where Islamic finance has a presence.
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