Bahrain 4

Al Baraka Group 2002 Conglomerate Enterprise, brands and finance BahrainAlgeriaEgypt

An international Islamic financial group based in Manama, licensed by the Central Bank of Bahrain as an investment firm under Islamic principles, with banking subsidiaries in 13 countries; registered in 2002, it floated in 2006 and was delisted from the Bahrain Bourse in 2024.

Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) 1990 Standards body Enterprise, brands and finance Bahrain

An international not-for-profit body based in Bahrain, established by an agreement signed in Algiers on 26 February 1990, which sets accounting, auditing and Shariah standards for Islamic financial institutions; it has members from more than 45 countries, and regulators in several states apply its standards.

Bahrain Islamic Bank 1979 Company Enterprise, brands and finance Bahrain

A commercial bank in Manama, founded on 7 March 1979 and operating from 2 Muharram 1400, 22 November 1979; it is the first Islamic bank in Bahrain, supervised by the Central Bank of Bahrain and listed on the Bahrain Bourse.

Kuwait Finance House (KFH) 1977 Company Enterprise, brands and finance United Arab EmiratesBahrainGermany

A Kuwaiti bank founded in 1977 as Kuwait's first bank operating according to Sharia rulings; it opened on 31 August 1978 and was listed on the Kuwait Stock Exchange in 1984; it has branches and subsidiaries in Bahrain, Turkey, Egypt, Iraq, Saudi Arabia and the UAE, completed its acquisition of Ahli United Bank in 2022, and Kuwaiti state funds hold its largest stakes.