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Ithmaar Bank B.S.C. (stock code "ITHMR") is a Bahrain-based licensed Islamic retail bank that is regulated by the Central Bank of Bahrain and provides retail, commercial, treasury & financial institutions and other banking services.
Ithmaar Bank is a subsidiary of Dar Al-Maal Al-Islami Trust (DMI), and has a paid-up capital of US$701 million, total shareholders’ equity of $577 million and is listed on the Bahrain Bourse and the Kuwait Stock Exchange.
Ithmaar Bank, formerly an investment bank, completed in April 2010 a comprehensive reorganisation with its then wholly-owned subsidiary, Shamil Bank, to emerge as a premier Islamic retail bank.
Consequently, Ithmaar Bank now provides a diverse range of Sharia-compliant products and services that cater to the financing and investment needs of individuals and institutions.
Ithmaar also maintains a presence in overseas markets through its subsidiaries, associated and affiliated companies. These include Faysal Bank Limited (Pakistan), Faisal Private Bank (Switzerland), Sakana Holistic Housing Solutions, Ithmaar Development Company Limited, Bahrain-based BBK, First Leasing Bank, Solidarity (an Islamic insurance company), Naseej and Ithraa Capital (Saudi Arabia).
Classified as a Bahraini joint stock closed company for supporting micro projects and small entrepreneurships, the Ebdaa Bank, embraces the philosophy of contributing to supporting economic and social development in alignment with the Economic Vision 2030 for the Kingdom of Bahrain and of enabling and developing limited-income members of community.
The Bank was inaugurated on 11th February 2009 by the gracious auspices of Her Royal Highness Princess Sabeeka bint Ibrahim Al-Khalifa, wife of the King of Bahrain, and of His Royal Highness Prince Tala Ibn Abdul Aziz Al-Saud, President of the Arabian Gulf Program for United Nations (AGFUND).