BisB Awarded IFM’s “Most Innovative Digital Bank - Bahrain” for 2019

Press release

Published October 7th, 2019 - 11:12 GMT

Mr. Hassan Jarrar , Chief Executive Officer of BisB

Highlights

Bahrain Islamic Bank cemented its position as an industry leader emerging as the winner of ‘‘Most Innovative Digital Bank - Bahrain 2019”

Bahrain Islamic Bank (BisB), the leading provider of integrated Sharia compliant financial solutions in the Kingdom of Bahrain, cemented its position as an industry leader emerging as the winner of ‘‘Most Innovative Digital Bank - Bahrain 2019” category awarded by International Finance Magazine (IFM), one of the world’s leading financial publications with a readership in over 200 countries.

BisB was bestowed this award in recognition of their commitment to delivering innovative digital solutions, including; Online Finance Top-Up, Cardless Withdrawal Service, Instant issuance of debit cards and prepaid cards, instant cheque book printing, Interactive Teller Machine, BisB Digital and BisB Corporate Digital, the launch of its fully fledged digital branch and the reveal of its first virtual employee named ‘Dana’ in addition to the launch of an annual tech-driven event entitled #BisB.

On this occasion, the Chief Executive Officer of BisB, Mr. Hassan Jarrar said, “Our approach continues to be about the end-user customer experience. We will strive to eventually achieve a proper eco-system for our customers to simplify their money matters.”

BisB emerged as the winner of the “Most Innovative Islamic Bank – Bahrain 2018 ” last year in light of its efforts in innovation and digitization, as well as its pursuit in keeping up with the best technologies in the sector, and for improving and broadening the Bank’s range of secure and innovative banking products and services offered to its clients.

Background Information

Bahrain Islamic Bank

Incorporated in 1979 as the first Islamic bank in the kingdom of Bahrain, and the fourth in the GCC. Bahrain Islamic Bank (BisB) has played a pivotal role in the development of the Islamic banking industry and the Kingdom’s economy. The Bank operates under an Islamic Retail banking licence from the Central Bank of Bahrain and is listed on the Bahrain Bourse.

At the end of 2016, the Bank’s paid up capital was BD 101 million, while total assets stood at BD 1042 million. The Bank’s modern branch network comprises 5 branches, 4 innovative financial malls, and 56 ATMs located throughout the Kingdom. A steadfast focus on continuous innovation, strong corporate governance and risk management, employee development, and the use of state of the art technology to deliver superior customer service, has cemented Bahrain Islamic Bank’s position as the leading Sharia’a – compliant bank in the Kingdom.