Sunday 21 September 2014
 
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Ithmaar Bank

Ithmaar Bank posts net profit

Ithmaar Bank, a Bahrain-based Islamic retail bank, posted a net profit of $1.77 million for the first half of 2014, as compared to the net loss of $7.52 million reported for the same period last year. Net loss for the three month period

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Ithmaar Bank Q1 net profit up 50pc

Ithmaar Bank, a Bahrain-based Islamic retail bank, has registered a net profit of $2.11 million for the first quarter of 2014, up nearly 50 per cent over $1.43 million for the same period last year. The bank's total expenses i

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Ithmaar savings scheme to offer big prizes

Thimaar, a prize-based Sharia-compliant saving account launched by Bahrain-based Islamic retail bank Ithmaar Bank, has been re-launched to offer even bigger prizes to more winners. Thimaar, Arabic for fruits or harvest, is designe

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Ithmaar Bank eyes $35m annual savings

Ithmaar Bank, a Bahrain-based Islamic retail bank, said its board has initiated several cost reduction initiatives that are expected to result in savings in the range of $25-$35 million annually. The key measures aimed at turning the ba

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Ithmaar posts $79.3m loss after provisions

Bahrain-based Ithmaar Bank has reported a net loss of BD29.9 million ($79.3 million) for 2013 as against a net loss of BD10.1 million the year before. The results include a loss, for the quarter ended December 31 last year of BD25

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Ithmaar inks key Takaful agreement with Solidarity

Bahrain-based Islamic retail lender Ithmaar Bank said it has signed a MoU with largest Takaful group Solidarity to offer its premier members exclusive insurance rates. With this deal, Ithmaar Premier members can now enjoy discount

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Global recognition for Ithmaar's IT security

Bahrain-based Ithmaar Bank has earned international recognition for its information security processes when it was formally awarded the ISO27001 certification. The certification process involved a rigorous audit, conducted by Bure

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Ithmaar Bank unveils new credit card

Bahrain-based Islamic retail bank Ithmaar has introduced a full suite of new Sharia-compliant MasterCard credit cards. The new credit cards, which are tailored to meet the specific requirements of Ithmaar customers, are being intr

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Abdul Rahim named new Ithmaar CEO

Ithmaar Bank, a leading Bahrain-based Islamic retail lender, has appointed Ahmed Abdul Rahim as the new chief executive officer.    Abdul Rahim had been the bank's acting chief executive officer since September 2013.

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Ithmaar limits Q3 losses to under $12m

Ithmaar Bank, a Bahrain-based Islamic retail bank has announced a net loss of BD4.5million ($11.8 million) for the nine-month period ended September 30, compared to a net loss of BD5.9 million for the same period last year. &ldquo

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