Inflation under control

19 June 2007-The inflation in Bahrain is between 2 to 3 per cent and most of the price hike is attributed to import intensive segments. The Kingdom’s economy has strong fundamentals, the CBB governor told journalists on the sidelines of the Conference yesterday.

The Kingdom has implemented the best regulatory regime for the Islamic banks and financial institutions, the CBB Governor Rasheed Al Maraj said.

The Governor CBB said that the Kingdom would continue to emphasise on the international standards for the banks and financial institutions including the IFIs. “These institutions have to be regulated by international rules and regulations.”

Talking about the possibility of regulating the Shariah board, he said that there was no plan as these boards have nothing bigger role than the defining the acceptability of products. “These boards do not interfere in the day-to-day running of the institutions or financial markets.” .

Reference:: Inflation under control

Islamic Capital &
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