LETTER OF GUARANTEE

Ithmaar Bank B.S.C. (closed) is a Bahrain-based Islamic bank that is licensed and regulated by the Central Bank of Bahrain (CBB) and provides corporate, treasury and financial institutions, and other banking services.

Ithmaar Bank was established in 1982.

Ithmaar Bank is a wholly-owned subsidiary of Ithmaar Holding B.S.C., a Bahrain-based holding company that is licensed and regulated as a Category 1 Investment Firm by the CBB and listed on the Bahrain Bourse and Dubai Financial Market (DFM). Ithmaar Holding is a subsidiary of Dar Al-Maal Al-Islami Trust (DMIT).

Ithmaar Bank’s main office is located in Manama, Kingdom of Bahrain. Ithmaar Bank also maintains a presence in overseas markets through its subsidiary, Faysal Bank Limited (Pakistan).

Ithmaar Bank, a Bahrain-based Islamic bank, has one Main Branch, exclusively for businesses and corporate customers. Ithmaar Bank invested tremendous time, money and effort on developing the Bank’s digital infrastructure and on implementing far-reaching, bank-wide digital initiatives. As a result, almost all Ithmaar Bank transactions can now be completed online, without ever having to visit a branch.

Ithmaar Bank is a closed company. Hence, it is not listed in any share market. However, Ithmaar Bank’s mother company, Ithmaar Holding, is listed in Bahrain Bourse and Dubai Financial Market (DFM). The registrar of Ithmaar Holding’s shares is Bahrain Clear Company (a subsidiary of Bahrain Bourse).

• Current Account: A Current Account gives you maximum financial flexibility with instant access to your funds. This type of account is based on the Sharia concepts of Qard Al Hasan and Wadei’ah and, therefore, does not benefit from any profit payments, as the bank guarantees the repayment of your funds at any time.

• Savings Account: The Ithmaar Bank Savings Account adheres to Sharia principles and is designed to give you flexible access to your funds at all times while you continue to earn profit.

• Modaraba Account: Sharia-compliant investment solutions to grow your savings and prepare for your future. Our Modaraba savings options are designed to help you reach your goals whatever the circumstances.

For Sole Proprietorship

• Smart Card and, for non-Bahrainis, Smart Card and Passport.

• Valid Commercial Registration (CR).

• Filled application form.

For Limited Liability Companies and Other Legal Forms

• Smart Card and, for non-Bahrainis, Smart Card and Passport of shareholders and authorised signatories.

• Valid Commercial Registration (CR).

• Board Resolution.

• Memorandum of Association.

• Articles of Association.

• Latest audited financials.

• Filled application form.

For Non-Profit Organization

• Smart Card and, for non-Bahrainis, Smart Card and Passport of authorised signatories.

• Approval of the concerned governmental authority.

• Issuance of Unit or Establishment Number

• Memorandum of Association, if applicable.

• Articles of Association, if applicable.

• Filled application form.

Ithmaar Bank issues Mastercard debit cards for corporate customers. The card can be activated online through Quick Services on the website.

If the card has been lost or stolen, please contact Ithmaar Bank Call Centre on Tel No: (+973) 13 303030 or cancel your card through Ithmaar Bank’s eBanking services.

If an ATM swallowed your bank card, please visit Ithmaar Bank’s branch to replace your card.

If the cheque book has been lost or stolen, please notify Ithmaar Bank and the Police in the Kingdom of Bahrain immediately.