The impacts of COVID-19 on the Islamic finance industry in the Kingdom of Bahrain
This article is a chapter out of the e-book, "Impacts of the COVID-19 outbreak on Islamic finance in the OIC countries" that is available as a pdf download from HERE. Read the article in the e-book for the complete set of tables, charts and references.
The novel coronavirus COVID-19 whose first case was reported in China at the end of 2019 has since spread to the rest of the world. Bahrain saw its first reported case on February 21, 2020, that of a school bus driver who returned from overseas. As a result, the government of Bahrain took an active step to close academic institutions, including schools and universities, immediately throughout the Kingdom first for two weeks and then for an indefinite period. All new cases were imported, that is to say that they came from overseas and were brought into the Kingdom from abroad. As a result, Bahraini authorities acted promptly to limit incoming flights, introducing scanning at the airport and suspending flight operations.
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Muhammad Rizky Prima Sakti, Rizwan Malik