# Ithmaar Bank

> Source: https://docs.barcoder.ai/docs/wallets/ithmaar-bank
> research date 2026-06-01 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Ithmaar — official](https://www.ithmaarbank.com/)

## 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** <sup>[1][1], [Bahrain report](https://docs.barcoder.ai/docs/payments/BH)</sup>.

## 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**: [National Bank of Bahrain](https://docs.barcoder.ai/docs/wallets/nbb-bank) (National Bank of Bahrain NBB; Bahrain Bourse: NBB; Bahrain's largest commercial bank by assets) + [Ahli United Bank](https://docs.barcoder.ai/docs/wallets/ahli-united-bank-bahrain) (Ahli United Bank AUB; Bahrain Bourse: AUB; Kuwait Finance House KFH Kuwaiti parent ~96.7% controlling) + [Arab Banking Corporation (Bank ABC)](https://docs.barcoder.ai/docs/wallets/arab-banking-corporation) (Arab Banking Corporation Bank ABC; Bahrain Bourse: BANB; Bahraini international commercial banking group) + [Al Baraka Banking Group](https://docs.barcoder.ai/docs/wallets/albaraka-bahrain) (Al Baraka Banking Group ABG; Bahrain Bourse: BARKA; Bahraini Islamic banking group) + [Bahrain Islamic Bank](https://docs.barcoder.ai/docs/wallets/bahrain-islamic-bank) (Bahrain Islamic Bank BISB; National Bank of Bahrain Islamic banking subsidiary) + [Khaleeji Commercial Bank](https://docs.barcoder.ai/docs/wallets/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 + 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** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.ithmaarbank.com/ "Ithmaar — official"
[2]: https://en.wikipedia.org/wiki/Ithmaar_Bank "Ithmaar — Wikipedia"
[bh-cro]: https://docs.barcoder.ai/docs/payments/BH

- [1] [Ithmaar — official][1]
- [2] [Ithmaar — Wikipedia][2]
- <sup>[Bahrain report](https://docs.barcoder.ai/docs/payments/BH)</sup> In-corpus: `reports/countries/BH-bahrain.md`

## Source

Biography extracted from [ithmaar-bank.md](https://docs.barcoder.ai/source/wallets/ithmaar-bank). See `matrix.md` for standards-support matrix if present.