Ithmaar Bank BSC (closed)

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Ithmaar Bank BSC (closed)

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About Ithmaar Bank:

Ithmaar Bank B.S.C. (closed) (“Ithmaar Bank”) is a Bahrain-based Islamic retail bank that is licensed and regulated by the Central Bank of Bahrain and provides retail, commercial, treasury & financial institutions and other banking services.

Ithmaar Bank is a wholly-owned subsidiary of Ithmaar Holding B.S.C. (formerly named Ithmaar Bank B.S.C.) which is listed on the Bahrain Bourse and Boursa Kuwait. 

Ithmaar Bank provides a diverse range of Sharia-compliant products and services that cater to the financing and investment needs of individuals and institutions. Ithmaar also maintains a presence in overseas markets through its subsidiary, Faysal Bank Limited (Pakistan).

www.ithmaarbank.com 

PRODUCT & SERVICES

Ithmaar Bank promotes two Bahraini executives, appoints another

MANAMA BAHRAIN 3 October 2017 - Ithmaar Bank a Bahrain-based Islamic retail Bank announced today (ed note: 03/10/17) the promotion of two key members of its management team and the appointment of a third. Abdulla Abdulaziz Ali Taleb was promoted to Assistant General Manager Head of the Commercial and Financial Institutions department; Ahmed Fareed Saud Buqais was promoted to Senior Manager and ass... View more

Ithmaar Bank concludes first of its kind summer camp programme

MANAMA BAHRAIN 26 September 2017 - Ithmaar Bank a Bahrain-based Islamic retail bank hosted a series of summer camps for children of various age groups in cooperation with INJAZ Bahrain a non-profit organization that aims to empower young people to own their economic success. As part of the summer camp programme a first of its kind for financial institutions in Bahrain children of Ithmaar Bank empl... View more

Ithmaar Bank branch staff train for customer excellence

With seventeen full-service branches in strategic locations across Bahrain Ithmaar Bank operates one of the largest retail banking networks in the Kingdom. The training sessions were conducted in line with the Bank s long-standing commitment to growing continuously closer to its customers. Ithmaar Bank is determined to become one of the region s premier Islamic retail banks said Ithmaar Bank Chief... View more

Ithmaar Bank’s retail banking subsidiary in Pakistan, Faysal Bank Limited, reports growing profits

MANAMA BAHRAIN 17 September 2017 Ithmaar Bank a Bahrain-based Islamic retail bank announced today (ed note: 17/09/17) that its retail banking subsidiary in Pakistan Faysal Bank Limited (FBL) has reported increased profits for the first half of 2017. Ithmaar Bank owns 66.6 percent of FBL which is listed on the Pakistan Stock Exchange and is mainly engaged in corporate commercial retail and consumer... View more

Ithmaar Bank, CEO win top CSR awards

Ithmaar Bank a Bahrain-based Islamic retail Bank was honoured at a regional conference for its continuous support of the community and presented with the Best Corporate Social Responsibility (CSR) Award for an Islamic Bank 2017. Ithmaar Bank chief executive officer Ahmed Abdul Rahim was also honoured at the event and presented with the Academic Excellence in CSR Award. The awards were presented to... View more

Ithmaar wins top payment security certification

Ithmaar Bank a Bahrain-based Islamic retail bank has earned a prestigious internationally-celebrated payment security certification that puts the bank on par with some of the best in the world. The Payment Card Industry Data Security Standard (PCI-DSS) certification was awarded to Ithmaar Bank by Sisa Information Security WLL a leading Qualified Security Assessor in the Middle East. The PCI-DSS is... View more

Ithmaar Bank staff attend anti-money laundering course

Ithmaar Bank a Bahrain-based Islamic retail bank recently organised a specialised training programme for employees involved in trade finance activities. The focused programme was arranged by the Ithmaar Bank Compliance and Anti-Money Laundering and the Human Resources departments as part of the bank s commitment to combatting money laundering said a statement. Employees from the Banking Operations... View more

Ithmaar honours staff over Islamic finance training

Ithmaar Bank a Bahrain-based Islamic retail bank recently honored 10 employees who earned professional certificates in Islamic finance from the Bahrain Institute of Banking and Finance (BIBF). The employees from various departments including Commercial and Financial Institutions Retail Banking Product Development and Management and Compliance & Anti Money Laundering had successfully completed prof... View more

Emirates Islamic inks Wasl home finance deal

October 17, 2017

Emirates Islamic one of the leading Islamic financial institutions in the UAE said it has tied up with wasl Asset Management Group to offer attractive home finance facilities for its park-side freehol... View more

Najm launches credit card with rewards programme

October 17, 2017

Majid Al Futtaim Finance the financial arm of UAE-based shopping mall pioneer Majid Al Futtaim has launched Najm One a Visa credit card with an innovative frequency-of-use based rewards programme. The... View more

Ithmaar Bank makes key appointments

October 4, 2017

Ithmaar Bank a leading Bahrain-based Islamic retail bank has announced the promotion of two key members of its management team and the appointment of a third. Abdulla Abdulaziz Ali Taleb was promoted ... View more

Kuwait current account surplus narrows in Q1

August 23, 2017

Kuwait s current account surplus fell for the first time in three quarters at the start of 2017 narrowing from KD600 million ( 1.98 billion) in the fourth quarter of 2016 (4Q16) to KD300 million in 1Q... View more

Ithmaar Bank, CEO win top CSR awards

August 6, 2017

Ithmaar Bank a Bahrain-based Islamic retail Bank was honoured at a regional conference for its continuous support of the community and presented with the Best Corporate Social Responsibility (CSR) Awa... View more

Ithmaar Bank, CEO win top CSR awards

August 6, 2017

Ithmaar Bank a Bahrain-based Islamic retail Bank was honoured at a regional conference for its continuous support of the community and presented with the Best Corporate Social Responsibility (CSR) Awa... View more

Ithmaar Bank staff attend anti-money laundering course

July 9, 2017

Ithmaar Bank a Bahrain-based Islamic retail bank recently organised a specialised training programme for employees involved in trade finance activities. The focused programme was arranged by the Ithma... View more

DED-Ajman launches four new eServices

July 9, 2017

The Department of Economic Development - Ajman (DED-Ajman) has launched four new eServices in line with the department s aim to develop electronic-based services that can provide ease and convenience ... View more

KFH – Bahrain launches auto finance campaign

May 28, 2017

Kuwait Finance House Bahrain (KFH-Bahrain) has launched an auto finance campaign which offers clients the opportunity to win instant prizes. The promotion which runs until June 30 is available to all ... View more

Creditbank offers combined credit and debit card

May 23, 2017

Creditbank one of Lebanon s leading and fastest growing banks has partnered with Gemalto a world leader in digital security and Unilux Cards to be the first bank in the Middle East to launch a combine... View more

Ithmaar Bank announces key appointments

May 7, 2017

Ithmaar Bank a Bahrain-based Islamic retail bank announced today two key appointments to its executive management team and assigned new responsibilities to another senior executive. Yousif Alkhan pres... View more

RakBank, C3 launch new prepaid payroll card

May 3, 2017

RakBank has signed an agreement with C3 a prepaid card service provider in order to provide C3 with a BIN sponsorship on their prepaid cards to strengthen the C3 payroll offering. With this partnershi... View more

ADCB launches travel credit card

April 10, 2017

Leading regional bank Abu Dhabi Commercial Bank (ADCB) has unveiled its Traveller Credit Card with a host of rewards and benefits that deliver generous savings for the UAE s globetrotters the adventur... View more

Emirates Islamic launches Visa credit card

April 10, 2017

Emirates Islamic one of the leading Islamic financial institutions in the UAE has partnered with global payments technology company Visa to launch the Emirates Islamic Skywards Visa Signature credit c... View more

KFH-Bahrain to reward new credit card clients

April 4, 2017

Kuwait Finance House-Bahrain (KFH) has launched an attractive reward scheme for new credit card applicants which gives them an opportunity for a trip of a lifetime. Starting from April 1 all new appli... View more

UAE's Wall Street Exchange new prepaid gift card

February 21, 2017

Wall Street Exchange (WSE) UAE s leading comprehensive money exchange service provider and a member of Emirates Post Group has piloted a universal prepaid MasterCard gift card in UAE currency which ca... View more

Ithmaar Bank launches new services for customers with special needs

January 24, 2017

Ithmaar Bank a Bahrain-based Islamic retail bank has introduced additional new services at its main branch for customers with special needs. The new services which were introduced before the end of la... View more

Ithmaar Bank relocates branch in Bahrain

December 25, 2016

Ithmaar Bank a Bahrain-based Islamic retail bank has moved its Salmabad branch to new larger premises with better location including parking facilities. The new full-service branch in Salmabad is loca... View more

Ithmaar wins WIBC award for top Islamic bank

December 20, 2016

Ithmaar Bank a Bahrain-based Islamic retail bank was singled out among the world s Islamic banks for a prestigious international award in recognition of its corporate social responsibility and financi... View more

Danube inks home finance deal with top Indian bank

December 10, 2016

UAE-based Danube Properties UAE s leading property developer has signed a MoU with the Bank of Baroda one of the top Indian banks present in emirates to provide home loan to the investors of its Dream... View more

DIB partners with flydubai for new credit card

November 24, 2016

Dubai Islamic Bank (DIB) the largest Islamic bank in the UAE has announced the launch of its credit card in partnership with Dubai-based low-cost airline flydubai. The new DIB flydubai Credit Card wil... View more

86pc in Saudi stressed over personal finance

November 15, 2016

More than 86 per cent of the respondents to a recent survey in Saudi Arabia said they have suffered from some form of financial distress shedding light the importance of spreading financial awareness ... View more

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