Bahrain Tops MENA and Ranks Third Globally Amongst Islamic Finance Economies in 2020: IFDI

For the eighth consecutive year, Bahrain has come out on top, leading the Middle East and North Africa region and ranking third globally amongst the world’s top five Islamic finance economies for 2020, according to the Islamic Finance Development Indicator (IFDI).

The IFDI forms a part of the Islamic Finance Development Report produced annually by Refinitiv and the Islamic Corporation for the Development of the Private Sector (ICD). The IFDI assigns an annual rank for each economy in the global Islamic finance industry with aggregate scores drawn from five areas: quantitative development, governance, knowledge, awareness and corporate social responsibility.

Dalal Buhejji, Director, Business Development, Financial Services at the Economic Development Board, note...