Manama: In a major attempt to establish industry-leading Sharia governance principles and practices in Bahrain, the Central Bank of Bahrain (CBB) has released a new Sharia Governance (SG) module.
The landmark module, issued after extensive consultation with the industry and the CBB’s Centralised Sharia Supervisory Board, is likely to result in a paradigm shift in improving Sharia compliance and governance standards among Islamic banks in Bahrain .