Ithmaar Bank reports profits for the period ended 30 September 2026

MANAMA, BAHRAIN – 11 November 2026 – Ithmaar Bank B.S.C. (closed), a Bahrain-based Islamic retail bank, reported profits for the nine-month period ended 30 September 2026.

The announcement, by Ithmaar Bank Chairman His Royal Highness Prince Amr Al Faisal, follows the review and approval of the Board of Directors of the Bank’s consolidated financial results.

The results show a net profit attributable to equity holders of the Bank for the three-month period ended 30 September 2026 of BD1.32 million compared to the net profit attributable to equity holders of BD1.15 million reported for the same period in 2025. Net profit for the three-month period ended 30 September 2026 was BD3.64 million, compared to a net profit of BD3.75 million for the same period in 2025.

The results also show a net profit attributable to equity holders for the nine-month period ended 30 September 2026 of BD3.54 million, compared to a net profit attributable to equity holders of BD3.95 million for the same period in 2025. The decrease is primarily attributable to lower benchmark rates impacting spreads generated by the Bank’s overseas operations. Net profit for the nine-month period ended 30 September 2026 was BD10.07 million, compared to a net profit of BD10.85 million for the same period in 2025.

“On behalf of the Ithmaar Bank Board of Directors, I am pleased to report that the Bank remained profitable during the period,” said HRH Prince Amr. “These results reflect the resilience of our business model and the strength of our core Islamic banking franchise in Bahrain and Pakistan. As we navigate a changing economic landscape, we remain focused on sustainable growth, prudent risk management and enhancing the value of our strategic investments,” he said.

Ithmaar Bank’s Chief Executive Officer, Maysan Almaskati stated that the financial results show that the Bank's efforts continuously grow its core business and enhance its corporate customers Islamic banking experience are paying off.

“Tighter margins in our overseas operations continued to weigh on operating income year on year, but the Bank remained profitable and maintained a stable liquidity position,” said Almaskati. “By optimising our funding mix, attracting low-cost deposits and carefully managing funding costs, we helped cushion the impact of lower rates. These resulted in a 3.4% increase in the Bank’s total income, from BD205.76 million for the nine-month period ended 30 September 2025 to BD212.85 million for the corresponding period in 2026. These efforts also strengthened our earnings resilience and positioned the Bank to deliver sustainable long-term value.”

“As a result of the Bank’s continued efforts, the deposit mobilisation efforts have yielded positive results as the quasi-equity liabilities increased to BD1.41 billion at 30 September 2026 compared to BD1.32 billion at 31 December 2025,” said Almaskati.

Total equity attributable to shareholders of the Bank increased to BD58.48 million as at 30 September 2026, a 6.4 percent increase from BD54.94 million as at 31 December 2025.