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Private Banking

Ithmaar Bank’s Private Banking serves the high net worth individuals, corporate entities, and institutional investors, providing exclusively sharia complaint products and client focused services.
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Ithmaar Premier

A banking experience like no other. Celebrate your achievements with a banking experience suited to your level of success. Introducing Ithmaar Premier Banking. More than just a superior bank account, Ithmaar Premier delivers a full compliment of products and services to cover all your financial requirements, with enhanced features and privileges that match your status.
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Products & Services
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Modaraba Account
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Kindly use the below calculator to find out the maximum financing amount you are eligible for:

Salaried Bahraini
Salaried Expartiate
GCC National


The amount mentioned is for indicative purpose only. Please note as per Bank's policy, the maximum amount of BHD 60,000/- is for Bahrain Nationals Only. Maximum finance amount for Expats is BHD 25,000/-. The final finance amount is subject to the documents submitted and final bank approval.

Building your wealth is always our priority. Our Sharia compliant Modaraba Accounts offer you the opportunity to earn higher profits with flexible tenors to suit your needs.

The Modaraba Account functions under the principle of unrestricted Modaraba (Al-Mutlaqa), in which the investor (Rub-Al Mall) provides capital. The bank (Modarib) provides expertise for the investment of capital to earn halal (lawful) profits, which will be divided between the two parties in agreed-upon ratios.


  • Attractive profit rates
  • Choice of flexible Modaraba tenors
  • Flexible profit distribution on a monthly basis, or at maturity.
  • Your account can be opened as an Individual; Joint Personal; Sole Proprietorship; Body Corporate account, or in the name of any other legal entity.
  • Your account may be opened in Bahraini Dinars or United States Dollars.
  • Automatic renewal option.
Flexible Modaraba tenors

1 month, 3 months, 6 months, 9 months, 1 year, 1.5 years, 2 years, and 3 years.

Account key benefits
  • Free monthly eStatement of account.
  • Monthly profit payments.
Steps :
  • Download the form
  • Print the form on standard A4 paper
  • Complete the form
  • Prepare supporting documents (For account opening only)
  • Prepare initial deposit (For account opening only) .Please refer to respective product pages in website for details on required initial deposit or click here for Schedule of Charges
  • Visit our nearest branch to submit the form and proceed with your request Click here for list of branches

Note: The applicant is required to sign the needful documents during his visit to the branch

For more information, please contact our Call Centre or any of our Outlets.


Click Here to Download PDF

Deposits and unrestricted investment accounts held with Ithmaar Bank in the Kingdom are covered by the Regulation Protecting Deposits and Unrestricted Investment Accounts issued by the Central Bank of Bahrain in accordance with Resolution No.(34) of 2010.

Document Individual
/ Joint
Companies Non-Profit
Smart card        
Passport (Non-Bahrainis)        
Commercial Registration (CR) or Certificate of Incorporation        
Banking License        
Partnership Agreement (only in case of Partnership Companies)        
Board Resolution        
Memorandum of Association        
Articles of Association        
Smart card of all Authorised Signatories and Passports (for non-Bahrainis)        
List of Directors Names, Country of Residence and Nationality        
Details / Smart cards of the Shareholders Holding more than 20% of the Issued Capital        
Latest Financial Report        
AML/KYC Questionnaire        
Authorized Signatory Booklet        
Approval of the Concerned Authority        

General Modaraba

Ithmaar Bank’s Sharia compliant Fixed Deposit Account (Modaraba Account) is a profit earning account which offers individuals a way to share in Ithmaar Bank profit distributions, by investing their money in a Sharia compliant manner. Modaraba accounts function under the principle of unrestricted Modaraba (Al-Mutlaqa), in which the investor (as Rub-Al Mall) provides capital. The bank (as Modarib) provides expertise for the investment of capital with the purpose of earning halal (lawful) profits, which will be divided between the two parties in agreed-upon ratios. This account is ideal for those who are saving for a specific goal, such as retirement, marriage, holidays, home improvement or education, or would like to enjoy periodical payments of a highly secured investment. Our Modaraba Account gives you a wide range of investment period options to choose from. Just remember, the longer the time period and the more you invest, the more rewarding your returns can be.

General Modaraba Tiers:

Tier 1
  • BD 1,000 - BD 39,999
  • $ 2000 - $ 99,999
Tier 2
  • BD 40,000 and above
  • $ 100,000 and above

Note: Top up on General Modaraba will not be allowed. Any additional amount shall be booked under a new certificate, and the customer may choose the same maturity date of the existing Modaraba.

Key Account Features
  • Your account may be opened in either Bahraini Dinars or United States Dollars.
  • Minimum initial deposit of BD1,000 or USD2,000.
  • Modaraba accounts can be opened as an Individual, Joint Personal, Sole Proprietorship, Body Corporate account, or in the name of any legal entity.
  • Competitive expected profit rates.
  • Choice of flexible tenors, from one month to three years.
  • Monthly profit payments for all tenors.
Key Account Benefits
  • Quarterly statement of account.
  • Access to eBanking channels, Phone Banking, and Mobile Banking.

Special Modaraba

The Special General Modaraba accounts are specifically designed for investors seeking higher rates of return. They are identical to General Modaraba accounts in terms of structure, features and benefits with the following exceptions:

  • Minimum initial deposit of BD100,000 or USD250,000.
  • Higher expected profit rates than General Modaraba.
  • Option of earning profit on a monthly basis or at maturity.
  • Early withdrawal is not permitted.
Special Modaraba Tiers:
Tier 1
  • BD 100,000 - 399,999
  • $ 250,000 - 999,999
Tier 2
  • BD 400,000 - 1,499,999
  • $ 1,000,000 - 3,999,999

Bank's Share of Profit:

The bank will share the profit with the customer according to the following table. These ratios are the banks share, and would be subject to a periodic review or whenever deems necessary by the Bank.

Start investing in Ithmaar Modaraba Accounts today and watch your investment grow. For more information call us now, or visit your nearest Ithmaar branch today

Monthly profit Payment
  General Special
  Tier 1 Tier 2 Tier 1 Tier 2 Tier 3
1 m 50.00% 48.00% 45.00% 40.00% 35.00%
3 m 45.00% 43.00% 40.00% 35.00% 33.00%
6 m 40.00% 38.00% 35.00% 33.00% 30.00%
9 m 38.00% 35.00% 33.00% 30.00% 28.00%
12 m 35.00% 33.00% 30.00% 28.00% 25.00%
18 m 33.00% 30.00% 28.00% 25.00% 20.00%
24 m 30.00% 28.00% 25.00% 20.00% 15.00%
30 m 28.00% 26.00% 23.00% 15.00% 12.00%
36 m 25.00% 23.00% 20.00% 12.00% 10.00%

Apply Now


Click here to Apply Online Or you may call us13 303030