Monday 3 August 2015
 
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Ithmaar Bank

Ithmaar wins e-payment excellence award

Ithmaar Bank, a Bahrain-based Islamic retail bank, announced that it achieved exceptional operational efficiency in 2014 to earn an excellence award from Standard Chartered Bank. The bank was awarded the ‘Straight Through Pr

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Ithmaar Bank posts solid Q1 profit

Bahrain-based Islamic retail bank Ithmaar has registered a net profit of $7.62 million for the first quarter, up 261 per cent over $2.11 million for the same period last year. The net profit attributable to equity holders for the

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Gulf Air offers discounts for Ithmaar Bank customers

Ithmaar Bank, a Bahrain-based Islamic retail bank, has signed a Memorandum of Understanding (MOU) with Gulf Air, the national carrier of Bahrain, to offer the bank’s cardholders a discounted pricing for Gulf Air online ticket purchases.

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Gulf Air offers discounts for Ithmaar Bank customers

Ithmaar Bank, a Bahrain-based Islamic retail bank, has signed a Memorandum of Understanding (MOU) with Gulf Air, the national carrier of Bahrain, to offer the bank’s cardholders a discounted pricing for Gulf Air online ticket purchases.

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Ithmaar Bank trims loss to $8.8m in 2014

Bahrain-based Ithmaar Bank has significantly reduced its net loss to $8.8 million last year compared to $79.3 million reported in 2013, marking a decrease of 88 per cent, a report said. The results include a net loss for the fourt

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Ithmaar Bank reports $4.84m net profit

Ithmaar Bank, a Bahrain-based Islamic retail bank, has reported a total net profit of $4.84 million for the first nine months of the year, compared to a net loss of $11.97 million in the same period last year. Net profit for the third q

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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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