The document summarizes recent developments in Islamic finance in the Kingdom of Bahrain. It discusses the establishment of the Central Bank of Bahrain (CBB) as the sole financial regulator, the introduction of a new Trust Law, and the development of new Islamic banking institutions, capital markets through indexes, and Takaful insurance companies in Bahrain. It also notes infrastructure projects like the Bahrain Financial Harbour to support the growth of Bahrain as a center for Islamic finance.