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MANAMA, BAHRAIN – Ithmaar Bank, a Bahrain-based Islamic retail bank that owns and operates the largest Islamic retail banking network in the Kingdom, today (ed note: 21/11/21) inaugurated a new branch in Arad.
It is the second full-service, digitally-focused branch to be inaugurated by Ithmaar Bank in the past two months, and underscores the Bank’s ongoing commitment to enhancing its Islamic banking offering and growing closer to its customers. The new branches – the new Main Branch in Seef Mall and the new Arad Branch - both feature sophisticated, cutting-edge technology, including sophisticated self-service banking machines, next-generation Automated Teller Machines (ATM) and other exciting new branch automation and customer service solutions.
The new Ithmaar Bank Arad branch, located next to the Muharraq Club Fuel Station, effectively moves the Bank’s previous branch nearby to a better, more accessible location with ample parking for customers.
The new Arad Branch was inaugurated by Ithmaar Bank Chief Executive Officer, Ahmed Abdul Rahim, in the presence of Deputy Chief Executive Officer, Abdul Hakeem Al Mutawa, General Manager - Retail Banking Group, Mohammed Janahi, and General Manager - Information Technology and Banking Operations, Yusuf Alkhan, in addition to a number of Bank officials and branch customers.
The new Arad branch is the latest demonstration of Ithmaar Bank’s digital transformation, and includes the provision of next-generation ATMs and other new digital solutions – particularly the Self-Service Banking machine which automates various services, including instant printing of account statements and certificates, updating customer information, and instant printing of card statements. In December, the machine will also offer additional services, including instantly issuing Debit and eCards.
“The new Arad branch is now the second in our retail banking network to feature the Bank’s unique, highly sophisticated self-service banking machine,” said Abdul Rahim. “This highlights our commitment to developing and implementing cutting-edge technology to further enhance our customers’ banking experience,” he said.
In October, Ithmaar Bank inaugurated it new Main Branch in Seef Mall, effectively moving its Main Branch form Seef Tower to Seef Mall nearby. The new Main Branch, located near Gate No. 10, was designed with a fresh, new look and feel and advanced technologies to provide an enhanced banking experience for customers. In June last year, Ithmaar Bank announced the opening of a new branch in Hamad Town, where the Hamala branch was moved to a new, better and more accessible location with
more parking spaces. Ithmaar Bank's branch network currently consists of 13 branches and 38 ATMs located in strategic locations throughout the Kingdom of Bahrain.
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About Ithmaar Bank:
Ithmaar Bank B.S.C. (closed) (“Ithmaar Bank”) is a Bahrain-based Islamic retail bank that is licensed and regulated by the Central Bank of Bahrain and provides retail, commercial, treasury & financial institutions and other banking services. Ithmaar Bank is a wholly owned subsidiary of Ithmaar Holding B.S.C. which is listed on the Bahrain Bourse, and Dubai Financial Market. 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 subsidiary, Faysal Bank Limited (Pakistan) and locally through Dilmunia Development Fund I L.P. www.ithmaarbank.com
© Press Release 2021
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