Islamic Banking in the United Kingdom and the Kingdom of Bahrain
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The United Kingdom (UK) is considered the gateway to Islamic banking in Europe while Bahrain is in the Middle East. Islamic banking in both countries is growing tremendously adopting various changes necessary to provide a level playing field to the Islamic banking industry. The Islamic banking products introduced in these countries are sold locally and globally. Innovative legislative improvements are also taking place from time to time in order to pave the road to smooth running of the industry. More importantly, the governments of these countries are showing immense interest to set them as i...
The United Kingdom (UK) is considered the gateway to Islamic banking in Europe while Bahrain is in the Middle East. Islamic banking in both countries is growing tremendously adopting various changes necessary to provide a level playing field to the Islamic banking industry. The Islamic banking products introduced in these countries are sold locally and globally. Innovative legislative improvements are also taking place from time to time in order to pave the road to smooth running of the industry. More importantly, the governments of these countries are showing immense interest to set them as international hubs for Islamic banking. Hence, these two countries may be considered as good models for Islamic banking for countries which are interested to develop it in their countries. In addition, the UK is a leader in Islamic banking in Europe while Bahrain is in the Middle East. There is a very good cooperation between two countries with regard to Islamic banking industry. There are also many similarities in regulating and supervising the industry. Therefore, this book would be a gateway and a guide to obtain a comprehensive knowledge on Islamic banking in both countries.
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