Bahrain Islamic Bank

Key details

• Parent: assets

Overview

Bahrain Islamic Bank is Bahrain Bourse: BISB + Bahraini Islamic bank + National Bank of Bahrain NBB Islamic banking subsidiary post-Jan 2020 ~$220M acquisition + Bahrain's #2 Islamic bank by assets + founded Mar 7 1979 as Bahrain's first Islamic commercial bank ^{1, Bahrain report}.

History

Mar 7 1979 — Bahrain Islamic Bank BISB founded as Bahrain's first Islamic commercial bank distinctive Bahraini + global Islamic banking heritage.

Jan 2020 — National Bank of Bahrain NBB acquires Bahrain Islamic Bank BISB for ~$220M consolidating Bahraini banking.

2014 — BISB Mobile banking app launch.

Ownership & operator

Operating entity: Bahrain Islamic Bank BISB (Bahraini Islamic bank; Bahrain Bourse: BISB).

Major shareholders: National Bank of Bahrain NBB (Bahrain Bourse: NBB; Bahrain's largest commercial bank by assets) ~52%+ controlling + Bahraini retail + institutional + foreign investors free float.

Regulators: CBB Central Bank of Bahrain + DSN Shariah Supervisory Board.

Technical integration

BISB Mobile banking app (iOS + Android) + bisb.com online + Bahrain Islamic Bank branch network across Bahrain + BISB Visa + Mastercard cards; BH IBAN + Benefit BH + Islamic-compliant retail + commercial banking (no interest; profit-sharing + Murabaha + Sukuk).

Implementations & partners

NBB parent: National Bank of Bahrain (National Bank of Bahrain NBB; Bahrain Bourse: NBB; Bahrain's largest commercial bank by assets).

Major Bahraini banking + Islamic banking + payments competitors: Ahli United Bank (Ahli United Bank AUB; Bahrain Bourse: AUB; Kuwait Finance House KFH Kuwaiti parent ~96.7% controlling) + Arab Banking Corporation (Bank ABC) (Arab Banking Corporation Bank ABC; Bahrain Bourse: BANB; Bahraini international commercial banking group) + Al Baraka Banking Group (Al Baraka Banking Group ABG; Bahrain Bourse: BARKA; Bahraini Islamic banking group) + Ithmaar Bank (Ithmaar Bank; Bahrain Bourse: ITHMR; Bahraini Islamic bank) + Khaleeji Commercial Bank (Khaleeji Commercial Bank KHCB; Bahrain Bourse: KHCB; Bahraini Islamic bank) + CrediMax (CrediMax Bahrain credit card scheme + payment processor).

Regulators: CBB Central Bank of Bahrain + DSN Shariah Supervisory Board.

Status

Active, Bahrain Bourse:BISB + Bahraini Islamic bank + National Bank of Bahrain NBB Islamic banking subsidiary post-Jan 2020 ~$220M acquisition + Bahrain's #2 Islamic bank by assets + founded Mar 7 1979 as Bahrain's first Islamic commercial bank ^{1, 2}.

Sources

• 1 BISB — official
• 2 BISB — Wikipedia
• ^{Bahrain report} In-corpus: reports/countries/BH-bahrain.md

Source

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