BisB Receives the Excellence Award in the Field of Social Responsibility for Islamic Financial Institutions and Banks for the Year 2022
Bahrain Islamic Bank (BisB), the leading provider of digital banking services in the Kingdom of Bahrain, was awarded the ‘Excellence Award in the Field of Social Responsibility for Islamic Financial Institutions and Banks for the Year 2022’ at the 7th Financial Institutions and Islamic Banking Conference and Award, which was recently organized by the Regional Network for Social Responsibility in partnership with Bahrain Association of Banks “BAB”.
Commenting on the occasion, Chief Executive Officer of BisB, Mr. Yaser Alsharifi, stated, “We are proud to have received this prestigious award, which stands testament to the Bank’s ongoing commitment towards implementing environmental, social, and governance practices within its operational framework. Additionally, this awards sheds light on the Bank’s ongoing efforts in actively supporting strategic social infinitives and social financing schemes.”
He added, “Essentially, the award was given as a result of following three criteria: the adoption of ESG initiatives within legal framework at the Bank, the provision of unparalleled social financing programs that has witnessed a rising number of beneficiaries, in addition to the nature of the programs and projects sponsored by the Bank which align with our efforts towards contributing to future economic prosperity. We look forward to celebrating other successes in the future as part of our aim to provide our customers with a simplified banking experience.”
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.