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).
MANAMA BAHRAIN 02 December 2017 Ithmaar Bank a Bahrain-based Islamic retail bank announced today (ed note: 02/12/17) the launch of a prestigious new Sharia-compliant contactless credit card with Mastercard a leading technology company in the global payments industry. The pioneering new Ithmaar Bank World credit card the country s first contactless offering is a result of the Bank s continuous comm... View more
MANAMA BAHRAIN 19 November 2017 - Ithmaar Group which consists of Ithmaar Holding and its two wholly-owned subsidiaries Ithmaar Bank a Bahrain-based Islamic retail Bank; and IB Capital a Bahrain-based Islamic Investment firm commissioned the Bahrain Institute of Banking and Finance (BIBF) to deliver an interactive workshop for members of the Group s Board of Directors and Executive Management team... View more
(Ithmaar) reported today (ed note: 13/11/17) a net loss of US 16.3 million for the nine-month period ended 30 September 2017 compared to a net profit of US 16.7 million for the same period last year. Net loss attributable to equity holders for the nine-month period ended 30 September 2017 was US 27million compared to a net profit of US 6.5 million reported for the same period last year. This inclu... View more
Ithmaar Bank a Bahrain-based Islamic retail Bank announced today (ed note: 07/11/17) the promotion of its two most senior executives to the post of Deputy Chief Executive and named Abdulhakeem Khalil Al Mutawa Deputy Chief Executive Officer Banking Group and Ravindra Anant Khot Deputy Chief Executive Officer Support Group. The announcement by the Ithmaar Group Chief Executive Officer Ahmed Abdul R... View more
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
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
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
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 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 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 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 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
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
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
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