Investments based on Shariah cross $1.5 trillion

Investments based on Shariah cross $1.5 trillion

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With investors globally holding more than $1.5 trillion in Shariah-compliant investments, there is a need to create adequate and straightforward regulation for Islamic investment instruments that industry players can use to grow their activities, a senior official at the Central Bank of Bahrain (CBB) said recently.

“In addition to adequate regulations, there is a need for creating the necessary framework for investment instruments targeting small investor, medium-size investors as well as professional or high net worth individuals, who would like to invest their funds in accordance with Shariah principles”, said Abdul Rahman al-Baker, executive director of financial supervisions at CBB.

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