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World-class loyalty programme allows Credit Card holders to redeem points online and choose from 700 airlines, 150,000 hotels and car rental services
Manama - Ithmaar Bank, a Bahrain-based Islamic retail bank, in collaboration with MasterCard, has launched a new comprehensive value-added credit cards loyalty rewards programme - Ithmaar Rewards.
The programme includes new and unique features, which offer Ithmaar Bank MasterCard creditcard holdersloyalty points for simply using their credit cards. The points accumulated from amounts spent can be redeemed online to purchase airline tickets from a choice of 700 airlines, make hotel reservations from a choice of 150,000 hotels or book car rental services worldwide without restrictions or blackout dates and inclusive of all taxes.
The loyalty points can be redeemed online by logging on to the Ithmaar Rewards page www.ithmaarbank.com/ithmaarrewards. The programme also allows cardholders to use the accumulated points to book a trip for a friend or family member.
"Ithmaar Bank is committed to becoming the Islamic bank of choice, and we are working to continuously improve our customers' banking experience,"said Ithmaar Bank Chief Executive Officer Ahmed Abdul Rahim."We continue to invest heavily in developing our products and services while also working to be closer to our customers and this Ithmaar Rewards launch is a major step," said Abdul Rahim.
"Ithmaar Bank is determined to become the region's premier Islamic retail bank," said Ithmaar Bank General Manager, Retail and Private Banking, Abdul Hakeem Al Mutawa. "We recognise that, to do so, we must listen closely to our customers and we must deliver on their expectations," saidAl Mutawa. "Ithmaar Rewards is one of Ithmaar Bank's unique offerings, designed and developed to show our appreciation to our customers. We are very pleased to have worked in collaboration with MasterCard on this project and proud to present a first of its kind, world-class loyalty programme in Bahrain, providing a comprehensive solution to our loyal card holders,"he said.
Somu Roy, Vice President and Country Manager - Bahrain, MasterCard, commented: "We are proud to launch Bahrain's most rewarding credit card programme with Ithmaar Bank, who are one of our key partners in Bahrain's Islamic banking sector." He added: "We pride ourselves in offering customers value-added benefits, premium privileges and rewards. With Ithmaar Rewards, we are actively rewarding MasterCard cardholders for using their cards to enjoy simple, safe and secure transactions."
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About Ithmaar Bank
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$757.69 million, total shareholders' equity of US$523.4 million and is listed on the Bahrain Bourse and the Kuwait Stock Exchange.
Ithmaar Bank 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 Bureau (Switzerland),Bahrain-based BBK,Ithmaar Development Company Limited, Solidarity (an Islamic insurance company), Naseej and Ithraa Capital (Saudi Arabia).
About MasterCard
MasterCard (NSYE: MA), www.mastercard.com is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories.
MasterCard's products and solutions make everyday commerce activities - such as shopping, traveling, running a business and managing finances - easier, more secure and more efficient for everyone. Follow us on Twitter: @MasterCardMEA and @MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the MEA Engagement Bureau.
© Press Release 2015
