Saturday 13 February 2016
 
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Ithmaar

Ithmaar net profit hits $11.4m

Ithmaar Bank, a Bahrain-based Islamic retail bank, has reported a net profit of $11.4 million for the nine-month period ended September 30, as against a net profit of $4.8 million reported for the same period last year. Net profit attributable

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Naseej signs up IDC for mixed-use development

Bahraini real estate developer Naseej has announced the signing of an agreement with Ithmaar Development Company (IDC) kickstarting a project valued at BD24 million ($63.1 million). Naseej is acquiring a 13,068-sq-m plot of land in Dilmunia at

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Ithmaar staff undergo leadership grooming programme

Three senior Bahraini Ithmaar Bank employees joined their peers from other Islamic banks across the kingdom to attend an intensive leadership grooming programme. The course has been designed to help develop the next generation of C-suite execu

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Tamkeen, Ithmaar Bank expand finance scheme portfolio

Bahrain's labour fund Tamkeen and Ithmaar Bank have signed an agreement to add BD10 million ($26.3 million) to their joint enterprise finance scheme portfolio as part of efforts to provide financing solutions for enterprises to meet their ne

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Ithmaar launches shariah-compliant prepaid e-card

Ithmaar Bank, a Bahrain-based Islamic retail bank, has launched a new sharia-compliant prepaid e-Card. A statement said the card is ‘designed to provide customers a faster, safer and more convenient online shopping experienc

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Ithmaar wins award for excellence

Bahrain-based Islamic retail bank Ithmaar Bank has received Standard Chartered Bank’s Straight Through Processing (STP) Excellence Award. The award is for Ithmaar Bank achieving 94.5 per cent efficiency in the execution of e

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Ithmaar Bank seeking IFRS alternatives

Bahrain-based Ithmaar Bank, an Islamic retail bank, has announced it is open to exploring alternatives in consultation with Kuwait Stock Exchange, with regard to compliance with International Financial Reporting Standards (IFRS).

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Dilmunia island plot sold for $23.6m

Ithmaar Development Company announced today the sale of a strategic plot on the Dilmunia island in Bahrain to Kuwaiti developer and hospitality investor Kuwait Resort Company, an affiliate of Al Tijaria, the Commercial Real Estate Company.

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Ithmaar Bank launches loyalty programme

Ithmaar Bank, a Bahrain-based Islamic retail bank, in collaboration with MasterCard, has launched a new comprehensive value-added credit cards loyalty rewards programme - Ithmaar Rewards. The programme includes new and unique feat

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Ithmaar Bank eyes return to profitability this year

Ithmaar Bank, a Bahrain-based Islamic retail bank, expects to return to profitability this year, chief executive Ahmed Abdul Rahim said yesterday (March 31). He said that efforts to turn the group around are paying off, as is evid

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