Hi, big boost for the Islamic Finance industry, enjoy:

A $2bn Islamic bank will be set up in Bahrain, General Council for Islamic Banks and Financial Institutions secretary general Dr Ezzedine Khoja told the Bahrain Tribune. The bank will have an authorised capital of $2bn with an initial paid-up capital of $1bn, to be raised to $2bn in five years. The new bank is aimed at providing liquidity to smaller Islamic banks and financial institutions.

not decided to base it Bahrain yet. It will be decided in the next meeting in bahrain as per Bahrain Tribune

I read that there are 10 criteria to be taken into account. For some reason though I thought they made a quick decision about it cause I read in alayam that it wasn't decided yet so I just posted it hehe :D. Most likely it'll be in Bahrain but who knows.

Good news! welcome to Bahrain islamic investors:)