Tuesday, 23 January 2018 11:43 GMT

Bahrain, UK to cooperate in improving Islamic finance

(MENAFN) Bahrain and the UK plan to boost their cooperation to improve Islamic finance at the UK-Bahrain Islamic Finance Summit, according to Gulf Daily News

The two countries have recently signed a memorandum of understanding (MoU) to increase co-operation in trade and investment finance between them

Under the MoU, the two parties will establish a working group and an education program to the development of Islamic finance-driven trade and investment

Islamic finance is currently growing 50 percent faster than conventional banking and is reached USD 2.2 trillion globally

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