MANAMA, BAHRAIN – 18 October 2020 – Ithmaar Bank, a Bahrain-based Islamic retail bank, announced the launch of special financing offers for Mazaya programme beneficiaries to purchase villas at the Danaat Al Lawzi development, located at the West of Hamad Town.

The special financing offers are designed exclusively for beneficiaries of the Mazaya programme, the Kingdom of Bahrain’s social housing scheme that aims to help eligible Bahraini nationals buy their first homes. As part of this programme, citizens are offered government-subsidised financing to help them buy their homes.

MANAMA, BAHRAIN – 14 October 2020 – A three-year old Bahraini child, whose father has been an Ithmaar Bank customer for more than twenty-five years, won the Bank’s third US$200,000 Thimaar Grand Quarterly Prize.
Sereen Saad Al Qashar along with her father received the cash prize from Ithmaar Bank Deputy Chief Executive Officer, Banking Group, Abdul Hakeem Al Mutawa, at a deliberately low-key ceremony to ensure that all social distancing requirements were carefully followed.

MANAMA, BAHRAIN – 14 September 2020 – The Bank of Bahrain and Kuwait (BBK), one of the largest commercial banks in Bahrain, and Ithmaar Holding, the parent of Ithmaar Bank, which operates the largest Islamic retail banking network in Bahrain, signed today (ed note: 14/09/20) a Memorandum of Understanding (MoU) on the potential acquisition by BBK of Ithmaar Bank’s Bahrain operations as well as specific assets of IB Capital, a wholly-owned subsidiary of Ithmaar Holding.