BisB-NBB integration is not a merger, says CEO
Manama: Mahmood Rafique, Editor: The ongoing integration process between Bahrain Islamic Bank (BisB) and National Bank of Bahrain (NBB) is not a merger as both distinct brands would complement each...
View ArticleAl Salam Bank-Bahrain in talks over acquisition of Ithmaar Holding assets
MANAMA: Al Salam Bank-Bahrain B.S.C. (“Al Salam Bank”) (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) has signed a memorandum of understanding and entered into...
View ArticleIthmaar Bank reports continued growth in core business
MANAMA: Ithmaar Bank B.S.C. (closed), a Bahrain-based Islamic retail bank, announced its financial results for the nine-month period ended 30 September 2021 and reported sustained growth in its core...
View ArticleIthmaar Bank announces two winners of US$100,000 each
MANAMA: Ithmaar Bank, a Bahrain-based Islamic retail bank, distributed the third Thimaar quarterly prizes for the year and presented two Bahrainis, Mahmood Abdulaziz and Mohamed Merghani Elmahi,...
View ArticleGCC banks to benefit from regional recovery
Manama: Mahmood Rafique, Editor: GCC Banks are set to benefit from a regional economic recovery this year amid higher oil prices, still supportive government spending, and normalizing non-oil...
View ArticleGlobal Islamic funds market reaches US$200billion
Manama: Mahmood Rafique, Editor: With an average annual growth of 18 per cent in Assets under Management (AuM), the global Islamic funds market reached at an estimated $200 billion. This came the...
View ArticleAl Salam Bank acquires consumer banking business of Ithmaar Bank; Ithmaar...
MANAMA: Al Salam Bank (Al Salam Bank) and Ithmaar Holding B.S.C. (Ithmaar Holding) have agreed the acquisition by Al Salam Bank of the consumer banking business of Ithmaar Bank, and Ithmaar Holdings’...
View ArticleAl Salam Bank becomes the largest Islamic lender in Bahrain
MANAMA: Mahmood Rafique, Editor: Following the acquisition of consumer banking portfolio of Ithmaar Bank, Al Salam Bank emerged as the largest Islamic lender in Bahrain. This came as Al Salam Bank (Al...
View ArticleThe 1st Islamic cryptocurrency hits 1.3 billion dollars trading
Manama: Mahmood Rafique, Editor: Zamzam crypto currency, the first crypto currency compatible with Islamic law in the world, said that it had achieved more than 1.3 billion dollars in trading since...
View ArticleIthmaar Bank reports Q1 2022 profits
MANAMA: Ithmaar Bank B.S.C. (Closed), a Bahrain-based Islamic retail bank, reported profits for the first quarter of the year as it announced its financial results for the three-month period ended 31...
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