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Ithmaar Q1 profit flat with last yearIthmaar Bank, a premier Islamic retail bank, reported profit of $3.6 million for the first quarter, compared to $3.8 million in Q1 last year, after recognising prudent impairment provisions of $8 million. The operating income for the quart More… |
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Ithmaar Bank promotes employeesIthmaar Bank has promoted seven employees, ahead of its anticipated reorganisation with wholly-owned subsidiary, Shamil Bank. Amer Janahi was promoted to human resources associate director, Esraa Al Janahi to investment banking assistant d More… |
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Ithmaar revamp plan gets CBB nodIthmaar Bank is set to implement plans for a comprehensive reorganisation with its wholly-owned subsidiary, Shamil Bank after receiving verbal approval from Central Bank of Bahrain (CBB), said a top official. Ithmaar Bank chairman Prince A More… |
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Ithmaar's $200m rights issue launches tomorrowIthmaar Bank will launch its $200 million rights issue tomorrow (March 11) to help fund the planned expansion of its operations. The rights issue is part of a capital raising initiative, which includes a Mandatory Convertible Sukuk, design More… |
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Shamil registers $1m profit for 2009Shamil Bank has reported a net profit of $973,000 for last year, compared to a net profit of $22 million for 2008. In the fourth quarter of last year, it made a net loss of $4.4 million following non-cash provisions of $19.4 million. Net l More… |
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Shamil to launch month-long promotionShamil Bank, a leading Bahrain-based Islamic commercial bank and a wholly-owned subsidiary of Ithmaar Bank, has tied up with one of the Kingdom’s largest business groups, the Jawad Group, to launch a month-long promotion. The promotion, wh More… |
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Shamil to launch month-long promotionShamil Bank, a leading Bahrain-based Islamic commercial bank and a wholly-owned subsidiary of Ithmaar Bank, has tied up with one of the Kingdom’s largest business groups, the Jawad Group, to launch a month-long promotion. The promotion, wh More… |
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Shamil-Ithmaar revamp 'to create bigger bank'The comprehensive reorganisation of Bahrain's leading banks Ithmaar and Shamil will see the two pooling in their resources, expertise and in-house knowhow to create a single, more powerful bank, said a top Shamil Bank official. Shamil More… |
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Ithmaar plans revamp, to focus on retailIthmaar Bank has announced plans for a comprehensive reorganisation with its wholly owned subsidiary, Shamil Bank. The plans, which will see Ithmaar Bank emerging as a premier Islamic retail bank, involves both banks pooling their resource More… |
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Shamil Bank structures multi-asset fundShamil Bank, a wholly-owned subsidiary of Ithmaar Bank, has structured a one year Sharia compliant multi-asset investment fund with an attractive return on investment. The private placement of the Shamil Solid Return Fund, which is registe More… |
