Bahraini Islamic Finance industry well-developed

The Bahraini Islamic finance industry is well-developed, and Fitch Ratings expects continued growth in 2024–2025, driven by banking sector consolidations, bottom-up demand, sukuk’s growing role in diversifying government funding and meeting fiscal deficits, and increasingly enabling regulations. Fitch rates over 80% of the US dollar sukuk outstanding from Bahrain (USD11.4…