Wednesday 2 September 2015
 
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BisB posts 105pc rise in net income to $21m

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

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BisB appoints new chief executive

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

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BisB named ‘best bank’ in Mena region

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

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BisB net profit rises 23pc to $7.9m

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

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BisB gives go-ahead for special purpose vehicle

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).

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BisB's net profit surges 52pc to $24.6m

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

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BisB extends Visa partnership for 5 years

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

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BisB wins best Islamic bank in Bahrain award

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

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BisB's net profit surges 74pc to $17m

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

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Tamkeen-BisB sign enterprise financing deal

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

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