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. It has a paid-up capital of US$701 million, total equity of US$ 1 billion and is listed on the Bahrain Stock Exchange and the Kuwait Stock Exchange.
Ithmaar Bank, formerly an investment bank, completed on 21 April 2010 a comprehensive reorganisation with its then wholly-owned subsidiary, Shamil Bank, to emerge as a premier Islamic retail bank.
Consequently, Ithmaar Bank now provides a diverse range of Sharia-compliant products and services that cater to the financing and investment needs of individuals and institutions. Ithmaar operates a network of 16 local branches and maintains a presence in overseas markets through its subsidiaries, associated and affiliated companies.
Ithmaar Bank’s flagship subsidiaries and associates include Faysal Bank Limited (Pakistan), Faisal Private Bank (Switzerland), Sakana Holistic Housing Solutions, Ithmaar Development Company Limited, Bahrain-based BBK, First Leasing Bank , Solidarity (an Islamic insurance company), Ithraa Capital (Saudi Arabia) and Naseej (Bahrain).