Ithmaar Bank

Overview

Ithmaar Bank is Bahrain Bourse: ITHMR + Bahraini Islamic bank + Dar Al-Maal Al-Islami Trust Saudi Arabian Islamic banking group + Crown Prince Mohammed bin Faisal Al Saud founding family ~50%+ controlling + one of Bahrain's largest Islamic banks [1, bh-cro].

History

Apr 1984 — Faysal Islamic Bank of Bahrain founded by Dar Al-Maal Al-Islami Trust Saudi Arabian Islamic banking group + Crown Prince Mohammed bin Faisal Al Saud founding family.

2010 — Faysal Islamic Bank of Bahrain rebranded as Ithmaar Bank.

2014 — Ithmaar Mobile banking app launch.

Ownership & operator

Operating entity: Ithmaar Bank (Bahraini Islamic bank; Bahrain Bourse: ITHMR; Dar Al-Maal Al-Islami Trust controlling).

Major shareholders: Dar Al-Maal Al-Islami Trust (Saudi Arabian Islamic banking group; Crown Prince Mohammed bin Faisal Al Saud founding family) ~50%+ controlling + Bahraini retail + institutional + foreign investors free float.

Regulators: CBB Central Bank of Bahrain + DSN Shariah Supervisory Board + national regulators across 3+ countries.

Technical integration

Ithmaar Mobile banking app (iOS + Android) + ithmaarbank.com online + Ithmaar Bank branch network across Bahrain + Pakistan + South Africa international branches + Ithmaar Visa + Mastercard cards; BH IBAN + Benefit BH + Islamic-compliant retail + commercial banking (no interest; profit-sharing + Murabaha + Sukuk).

Implementations & partners

Major Bahraini banking + Islamic banking + payments competitors: [[nbb-bank]] (National Bank of Bahrain NBB; Bahrain Bourse: NBB; Bahrain's largest commercial bank by assets) + [[ahli-united-bank-bahrain]] (Ahli United Bank AUB; Bahrain Bourse: AUB; Kuwait Finance House KFH Kuwaiti parent ~96.7% controlling) + [[arab-banking-corporation]] (Arab Banking Corporation Bank ABC; Bahrain Bourse: BANB; Bahraini international commercial banking group) + [[albaraka-bahrain]] (Al Baraka Banking Group ABG; Bahrain Bourse: BARKA; Bahraini Islamic banking group) + [[bahrain-islamic-bank]] (Bahrain Islamic Bank BISB; National Bank of Bahrain Islamic banking subsidiary) + [[khaleeji-commercial-bank]] (Khaleeji Commercial Bank KHCB; Bahrain Bourse: KHCB; Bahraini Islamic bank) + [[credimax-bahrain]] (CrediMax Bahrain credit card scheme + payment processor).

Regulators: CBB Central Bank of Bahrain + DSN Shariah Supervisory Board + national regulators across 3+ countries.

Status

Active, Bahrain Bourse:ITHMR + Bahraini Islamic bank + Dar Al-Maal Al-Islami Trust Saudi Arabian Islamic banking group + Crown Prince Mohammed bin Faisal Al Saud founding family ~50%+ controlling + one of Bahrain's largest Islamic banks [1, 2].

Sources

• 1 Ithmaar — official
• 2 Ithmaar — Wikipedia
• bh-cro In-corpus: reports/countries/BH-bahrain.md

Source

Biography extracted from ithmaar-bank.md. See matrix.md for standards-support matrix if present.