Bahrain Islamic Bank (BisB) has announced it realised BD8.6 million ($22.6 million) as net profit on its activities for the first nine months of the current year, after deducting BD7.3 million as net provisions, compared with BD6.1 million for
Bahrain Islamic Bank (BisB) shareholders has approved reduction in the bank’s issued and paid-up capital to write off accumulated losses. The extraordinary general meeting at the bank’s headquarters in Al Salam Tower, Diplomatic Ar
Bahrain Islamic Bank (BisB) has vowed to maintain strong liquidity levels as it continues to adopt a development strategy that would serve customers and shareholders, a report said.
Chief executive Hassan Jarrar said the bank continues
Bahrain Islamic Bank (BisB) has posted an increase of 105 per cent in net income for the first six months of the year at BD8.2 million ($21.75 million), compared with BD4 million for the same period last year, said a report in the Gulf
Bahrain Islamic Bank (BisB) has appointed Hassan Jarrar as its new chief executive, with effect from July 1.
Jarrar, who is currently the chief executive of Standard Chartered Bank Bahrain, will take over the reins from Mohammed A
Bahrain Islamic Bank (BisB) has won the ‘Best Bank Award’ in the Middle East and North Africa (Mena) in straight through processing.
The award is in recognition of its excellence and high efficiency, with a 94.20 per c
Bahrain Islamic Bank (BisB) has registered a net profit of BD3 million ($7.9 million) for the first quarter of this year, compared with BD2.5 million for the previous period, an increase of 23 per cent.
Chairman Abdul Razak Al Qas
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