As a result, Bahrain currently hosts 4 major Islamic supporting institutions, namely: •  The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI),  •  The international Islamic Financial Market (IIFM),  •  The Islamic International Rating Agency (IIRA),  •  The Council for Islamic Banks and Financial Institutions (CIBAFI),  The CBB is also cognizant of the need for skilled professionals for the long term development of the Islamic banking industry.
Bahrain Institute for Banking Finance offers a wide range of diploma programmes and short courses in the area of Islamic banking and takaful.