Ithmaar Bank B.S.C. (closed), a Bahrain-based Islamic retail bank, was named Fastest Growing Islamic Fintech Bank at the World Islamic Banking Conference (WIBC) 2019.
The prestigious award was presented by Central Bank of Bahrain (CBB) Governor, Rasheed Mohammed Al Maraj, to Ithmaar Bank Chief Executive Officer, Ahmed Abdul Rahim at a Gala Dinner hosted at the end of the first day of the WIBC.
The WIBC, hosted in strategic partnership with the CBB, brings Islamic banking experts from across the world to Bahrain to discuss key issues and review the latest developments and share insight into current trends.
According to the WIBC organisers, the WIBC Performance Awards are the flagship awards for the event, and are granted to the top Islamic financial institutions based on their aggregate performance scores against multiple measures on a global and regional level.
“The WIBC Award for being the Fastest Growing Islamic Fintech Bank highlights Ithmaar Bank’s commitment to staying ahead of the curve, and recognises the significance of our digital initiatives,” said Abdul Rahim, CEO of Ithmaar Bank.
Earlier this year, Ithmaar Bank was also named “Best Bank for Personal Finance in Bahrain” by the World Union of Arab Bankers (WUAB) at a highprofile ceremony hosted in Beirut, Lebanon, and attended by senior bankers from across the Middle East.
Ithmaar Bank has also announced the launch of a customer-centric chat service on WhatsApp Business social media platform to help improve its customers’ banking experience.
In October, as part of its efforts to continuously improve its customers’ banking experience, Ithmaar Bank inaugurated a new branch in Muharraq offering better accessibility and parking facilities than Ithmaar Bank’s earlier branch in Muharraq. The new branch maintains Ithmaar Bank’s network of 16 branches and 42 ATM machines, one of the largest retail banking networks in Bahrain