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Bahrain Islamic Bank B.S.C. (Bahrain)

Main Activities: Commercial Banking
Full name: Bahrain Islamic Bank B.S.C. Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Bahrain Islamic Bank B.S.C., located in Manama, was incorporated in 1979 as the first Islamic bank in the Kingdom of Bahrain and the fourth in the GCC. The bank has played a significant role in the development of the Islamic banking industry and the Kingdom's economy. It operates under an Islamic Retail Bank license from the Central Bank of Bahrain and is listed on the Bahrain Bourse. Bahrain Islamic Bank focuses on continuous innovation, strong corporate governance and risk management, employee development, and the use of state-of-the-art technology to deliver superior customer service. It is known as the leading Sharia'a-compliant bank in the Kingdom. The bank has established itself as a pioneer in the Islamic industry and the leading provider of Sharia-compliant integrated financial solutions in Bahrain. It adopts a customer-centric strategy and continually evolves to anticipate customers' needs and desires. Innovation is at the core of its operations and financial offerings. Bahrain Islamic Bank has achieved significant milestones in its strategic drive for digitization, elevating the standards of banking in the Kingdom and improving society's lives. The bank has built a solid foundation of excellence through the Back to Basics Ishraq strategy, focusing on digitization, streamlining operations, restructuring its financial position, and engaging with employees and local partners. The bank's values have grown and blossomed, giving rise to a new Brand DNA that will guide its future. The bank emphasizes the importance of working together and championing its values to achieve its goals.

Headquarters
Al Salam Tower Diplomatic Area, Building 722, Road 1708, Block 317, P.O. Box 5240
Manama; Manama;

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Website: http://www.bisb.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1979
Key Executives
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Vice President
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Chairperson
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Vice Chairperson
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Vice Chairperson
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Director / Member of the Management Board
Ownership Details
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78.81%
Subsidiaries
Abaad Real Estate Company B.S.C
100%
Company Performance
Financial values in the chart are available after Bahrain Islamic Bank B.S.C. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BHD. Absolute financial data is included in the purchased report.
Net interest income
5.8%
Operating profit (EBIT)
14.36%
Net Profit (Loss) for the Period
-11.39%
Total assets
-0.27%
Total equity
-5.08%
Total Assets Trend
N/A
Net Interest Income Trend
-10.62%

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