BisB Bags Another Win at the 13th Islamic Business & Finance Awards for Fastest Growing Islamic Bank in Bahrain

Press release
Published February 4th, 2019 - 06:41 GMT
Hassan Jarrar, Chief Executive Officer of BisB
Hassan Jarrar, Chief Executive Officer of BisB

Bahrain Islamic Bank (BisB) has emerged a winner as the “Fastest Growing Islamic Bank in Bahrain” at the 13th Islamic Business & Finance Awards; the winners were announced at Emirates Towers Hotel, Dubai, last December 2018, attended by more than 200 Islamic bankers and financiers from around the world.

A total of nearly 8,000 votes were cast across 34 categories, which were voted for via an online poll and expert panel of judges held by CPI Financial, an organisation that monitors ground-breaking developments of banking and its digital developments, the intricacies of Islamic finance or wealth management, as well as wider overview of the finance sectors across the Middle East and Africa.

“We are incredibly honoured, to receive this prestigious award, which has cemented the Bank's regional standing as the fastest-growing Islamic bank in the Islamic banking industry in Bahrain,” revealed Hassan Jarrar, Chief Executive Officer of BisB.

“This award is another positive step towards our aim for continual growth and innovation, enabling us to maintain our leading position in the market by offering integrated financial Sharia’a compliant solutions to our customers and constantly improve our portfolio of products and services, we look forward to progressing to even greater heights through simplifying money matters,” he added.

This marks the third win for BisB, the Bank was previously awarded and recognised for their role in pioneering the Kingdom’s Islamic finance industry and contributing to the country’s digital evolution; securing both ‘Best Online Bank Bahrain’ by Global Business Outlook, and ‘Most Innovative Islamic Bank’ by International Finance Magazine in 2018.

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.

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Contact Name
TRACCS Bahrain Operations

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