The Bahrain Institute of Banking and Finance is one of the pioneers in developing courses on Islamic finance to develop a pool of trained professionals with the skills the industry requires. BIS Review 163/2010  1  The skills and dedication of Bahrain’s population is reflected in employment in the industry. Almost two thirds of people working in the financial sector are Bahraini nationals.
This is the transmission mechanism: a long and uncertain chain of events during which various asset prices react to actions taken by the ECB – on the top layer of decisions in this chart – to change the overnight rate at which banks lend to each other in the money market. Long-term interest rates form important links in this chain.