MANAMA, BAHRAIN – Ithmaar Group, which includes Ithmaar Holding and its two wholly-owned subsidiaries, Ithmaar Bank, a Bahrain-based Islamic retail Bank, and IB Capital, a Bahrain-based Islamic Investment firm, hosted a Board Evaluation training session for members of its Board of Directors and its Executive Management team.
The training session, which was delivered by a trainer from the Bahrain Institute for Banking and Finance (BIBF), focused on the assessment of the Board’s efficiency and aimed to identify and address any performance gaps. This will help in making high-quality decisions, achieve objectives, manage risks, and safeguard the Bank’s reputation.
“Board evaluations have become one of the most important innovations in governance thinking and has become best practice within the industry,” said Ithmaar Group Chief Executive Officer, Ahmed Abdul Rahim. “The returns from our investment in this training session will be reflected on the Group’s performance and will help improve our capabilities to grow and build on our continued success,” he said.
“An effective Board of Directors helps building trust and confidence among investors, regulators, customers, employees and all stakeholders,” said Abdul Rahim. “These specialized training courses, which we host on a regular basis, help ensure we remain abreast with the latest developments and current best practice applications,” he said.
“Ithmaar Group has long maintained that, ultimately, our success is dependent on our people,” said Ithmaar Bank Head of Human Resources, Enas Rahimi. “To do so, we invest heavily in continuous training and development across the Group. This is a true for our members of our Board of Directors as it is for members of the Executive Management team and the entire workforce,” she said.
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. (formerly named Ithmaar Bank B.S.C.) which is listed on the Bahrain Bourse, Boursa Kuwait 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).
© Press Release 2018