Ithmaar Bank

Ithmaar Bank B.S.C. (c) is a fully licensed Islamic retail bank based in Manama, Bahrain and regulated by the Central Bank of Bahrain. Incorporated in 2016 as part of a corporate restructuring—transitioning from its predecessor under Ithmaar Holding— it officially started operations that same year with licensing completed on 14 August 2016, and the corresponding assets and liabilities transferred on 2 January 2017.

The bank provides a wide range of Sharia-compliant financial services tailored for both individuals and institutions. These offerings include commercial banking, investment banking, private banking, treasury services, and asset and wealth management. It also maintains an international footprint through its subsidiary Faysal Bank Limited in Pakistan.

Ithmaar Bank operates one of Bahrain’s largest retail banking networks, with at least 16 branches and 45 ATMs strategically located across the kingdom. The bank is recognized for its digital-first approach, having rolled out a revamped core banking system, introduced advanced eBanking, and launched a mobile-based queuing solution (Ithmaar eQ) as part of a wider three‑year digital transformation strategy.