The shareholders of Bahrain Islamic Bank (BisB) have approved the issuance of more than 9.3 million shares with a nominal value of 100 fils each which equals to BD939,673.5 ($2.4 million) to establish a special purpose vehicle (SPV).
Bahrain Islamic Bank (BisB) has registered an increase of 52 per cent in net profit at BD9.3 million ($24.6 million) for the year ended December when compared with BD6.1 million for the previous year.
The bank's net profit for
Bahrain Islamic Bank (BisB) has signed a strategic agreement with Visa, a global leader in electronic payments, to further enhance the bank's partnership with it for another five years.
The agreement is part of the bank's
Bahrain Islamic Bank (BisB) has won British publication International Finance Magazine's (IFM) Best Islamic Bank Award in Bahrain for 2014.
During a ceremony held in London, BisB retail banking services general manager Abdul R
Bahrain Islamic Bank's (BisB) net profit rose 74 per cent to BD6.6 million ($17.3 million) for the first nine months of this year, compared with BD3.8 million net profit in the same period last year.
This was after deducting B
Bahrain’s labour fund Tamkeen and the Bahrain Islamic Bank (BisB) have signed an deal to increase their enterprise financing portfolio by BD10 million ($26.3 million) as part of the Enterprise Financing Scheme.
Tamkeen is of
Bahrain Islamic Bank (BisB) has realised an increase of 67 per cent in net profit at BD4 million ($10.6 million) for the first half of the current year when compared with BD2.4 million for the same period last year.
This is after deduct
Batelco, a leading telecom operator in Bahrain, and BisB (Bahrain Islamic Bank) have signed a one year partnership to benefit the youth customers of both organisations.
The agreement was signed by Batelco Consumer Division general
Moody's Investors Service said it has placed four Bahraini banks - National Bank of Bahrain (NBB), BBK, BMI Bank and Bahrain Islamic Bank (BIsB) - on review for possible downgrade of its deposit, issuer and senior debt ratings.
BBK Brokerage Services, a division of BBK, has announced it successfully executed one of the largest trades on Bahrain Bourse.
BBK Brokerage Services represented its institutional client in the selling side for the total of 484,07