The CBB also acts as the agent of the Government of the Kingdom of Bahrain in implementing a regular issuance programme of Shari’a compliant short-term Government securities. A series of Government long-term leasing Sukuk have also recently been launched. The leasing Sukuk are the first of their kind to be issued by a central bank.
2  BIS Review 153/2009  Let me turn now to the future prospects for Islamic finance. The global economic crisis has forced the financial industry as a whole to reassess its growth prospects for the years ahead.