GCC
مجلس التعاون الخليجي
Pronunciation: G-C-C
The six-country Gulf Cooperation Council — the world's most concentrated Islamic finance region.
Definition
Gulf Cooperation Council. The political and economic union of six Arab states bordering the Persian Gulf: Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Qatar, and Oman. Together the GCC accounts for the largest share of global Islamic banking assets, roughly half of all sukuk issuance, and a disproportionate share of takaful premiums.
Saudi Arabia and the UAE are the two dominant Islamic-finance hubs in the bloc, with Bahrain historically serving as the regional standard-setting center (it hosts AAOIFI). For Canadian Muslim investors, GCC exposure is the default in most halal global-equity and sukuk ETFs.
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GCC (مجلس التعاون الخليجي) — The six-country Gulf Cooperation Council — the world's most concentrated Islamic finance region. Gulf Cooperation Council. The political and economic union of six Arab states bordering the Persian Gulf: Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Qatar, and Oman.
- The six-country Gulf Cooperation Council — the world's most concentrated Islamic finance region.
- Category: General
- Related: Sukuk, Takaful, AAOIFI
- Compare related Shariah-compliant products on HalalWallet
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Last reviewed: 2026-07-01
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