Bahrain Islamic Bank is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

based in

Manama Manama ( ar, المنامة ', Bahrani Arabic, Bahrani pronunciation: ) is the capital and largest city of Bahrain, with an approximate population of 200,000 people as of 2020. Long an important trading center in the Persian Gulf, Manama is h ...

, Bahrain, founded on 7 March 1979, and started operating from the beginning of the Hijri Year 1400 (2nd of

Muharram Muḥarram ( ar, ٱلْمُحَرَّم) (fully known as Muharram ul Haram) is the first month of the Islamic calendar. It is one of the four sacred months of the year when warfare is forbidden. It is held to be the second holiest month after R ...

) which was the 22 November 1979. It is the first

islamic bank Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics ...

in the

Kingdom of Bahrain Bahrain ( ; ; ar, البحرين, al-Bahrayn, locally ), officially the Kingdom of Bahrain, ' is an island country in Western Asia. It is situated on the Persian Gulf, and comprises a small archipelago made up of 50 natural islands and an ad ...

, works under supervision of the

Central Bank of Bahrain The Central Bank of Bahrain (CBB) is the central bank of Bahrain. It is a public corporate entity established by the ''Central Bank of Bahrain and Financial Institutions Law 2006.'' It was created on 6 September 2006. ''Decree No. 64 of 2006 with ...

and is listed on the

Bahrain Stock Exchange The Bahrain Bourse, also called the Bahrain Stock Exchange (BSE), is the stock exchange of Bahrain. As at 2017, 42 companies were listed on the exchange. The exchange operates from Sunday to Thursday. Three indices track the Bahrain Bourse (BHB): ...

. In January 2016, the

Moody's Investors Service Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Investors Service provides international ...

confirmed its ratings and upgraded the standalone baseline credit assessment (BCA) to b3 from caa1.

References

External links

Homepage
Banks of Bahrain Banks established in 1979 1979 establishments in Bahrain Companies based in Manama {{Bahrain-company-stub

See also

References

External links