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Central Bank Governor: Islamic Finance Has Become an Integral Part of the Global Financial System During Islamic Financial Services Board Meetings

Central Bank Governor: Islamic Finance Has Become an Integral Part of the Global Financial System During Islamic Financial Services Board Meetings

The Central Bank of Bahrain hosted the 2026 Islamic Financial Services Board (IFSB) meetings via video conference, with the participation of central bank governors and officials from regulatory and financial authorities. During the meeting, strategic priorities were discussed to enhance cooperation and improve supervisory practices in the Islamic banking, Takaful, and capital markets sectors. The bank's governor pointed out that Islamic finance has become an integral part of the global financial systems, with Islamic financial assets estimated at $4.4 trillion in 2025. Efforts are focused on supporting the sector's development and providing a regulatory environment conducive to innovation, while maintaining stability and sustainable growth.

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