Latest news with #BahrainIslamicBank
Daily Tribune
6 days ago
- Business
- Daily Tribune
BisB grooms youth for finance sector
Bahrain Islamic Bank (BisB) has concluded its 2025 summer internship programme, offering 21 university students hands-on experience across key departments in the bank. The initiative comes amid growing calls for stronger alignment between academic education and the real-world demands of Islamic banking. The interns received tailored training in retail banking, corporate and institutional banking, operations, IT, finance, and com - pli - ance. BisB said t h e programme was designed to provide 'practical knowledge and skills that are critical to success in today's banking sector.' Talent pipeline support As Bahrain's Islamic finance sector continues to grow, banks are increasingly looking to cultivate homegrown talent. BisB's internship programme is part of a broader effort to bridge the gap between academic knowledge and workplace readiness. Acting Chief Human Resources Officer, Hussain Al Hakim, said the programme highlights BisB's commitment to national workforce detvelopment. 'We aim to prepare the next generation of professionals by giving them real-world experience, not just theoretical exposure,' he said. 'We take pride in developing future leaders who understand the values of Islamic banking and the dynamics of the financial sector.' Beyond the internship BisB has delivered over 35,000 hours of training through its internal development and internship initiatives, reflecting a longterm strategy to build a resilient and well-equipped workforce. The bank also encourages participants to explore roles beyond conventional finance, including compliance, technology, and operations. By nurturing student talent early, BisB hopes to contribute to a future-ready financial ecosystem rooted in Sharia-compliant principles and national priorities.
Daily Tribune
14-07-2025
- Business
- Daily Tribune
BisB Offers Instant Islamic Finance via App
TDT | Manama No documents, no delays Bahrain Islamic Bank (BisB) has unveiled a new instant financing option that allows customers to access personal funds through its digital app by pledging their Tejoori Al Islami deposits. The move introduces a fully automated, Sharia-compliant financing route that eliminates the need for physical paperwork or branch visits. Customers can now instantly apply for personal finance directly through the 'BisB Digital' application, using their existing Islamic deposit balances as collateral. Digital shift Described as secure, real-time, and paperless, the service provides liquidity through a fast, pledge-based model that adheres to Islamic banking principles. The financing amount is based on the value of the pledged deposit, ensuring compliance while offering immediate convenience. Faisal Al Abdulla, Chief Retail Banking Officer at BisB, said the launch reflects the bank's push toward more responsive and accessible digital banking solutions. 'By introducing instant pledge-based financing via the 'BisB Digital' application, we are not only simplifying access to personal finance but also enhancing customer convenience,' he said. Customer-first model The new feature comes as part of BisB's wider effort to merge innovation with compliance, offering customers a seamless Islamic banking experience tailored to modern expectations. Customers interested in the pledge-based financing option can activate the feature by downloading the app and navigating to the finance section. BisB continues to position itself as a leader in digital Islamic finance by aligning technological convenience with core faith-based values.
Daily Tribune
03-07-2025
- Business
- Daily Tribune
BisB named Best Islamic Bank in Bahrain by Islamic Finance News
Bahrain Islamic Bank (BisB), the leading provider of innovative Islamic financial solutions for simplifying money matters in the Kingdom of Bahrain, has been named 'Best Islamic Bank – Bahrain' by Islamic Finance News (IFN). Ms. Fatema AlAlawi, Chief Executive Officer of BisB, stated: 'This prestigious recognition from Islamic Finance News reaffirms the strength of our progressive organisational strategy and the principles that define our institution.' Among the Bank's most significant achievements over last period was the expansion of its Corporate Digital Onboarding platform, enabling sole proprietorships and 'Sijili' CR holders to open accounts in under five minutes. Integrated directly with the Ministry of Industry and Commerce (MOIC), the system has improved the ease of doing business for SMEs across Bahrain.
Daily Tribune
19-06-2025
- Health
- Daily Tribune
BisB sponsors 'Smile' ceremony celebrating 53 brave childhood cancer survivors
Fatema AlAlawi, Chief Executive Officer of BisB, stated: 'Community engagement is a core pillar of our strategic vision at BisB. We are proud to be part of this inspiring initiative that brings hope and joy to the lives of these young heroes and their families. Our partnership with the Smile initiative is a testament to our continued commitment to social responsibility and our support for programs that enhance individual wellbeing and contribute to the betterment of society.' Sabah Al Zayani, Chairman of the Bahrain Future Society for Youth, commented: 'We are proud to collaborate with Bahrain Islamic Bank(BisB) in supporting this meaningful initiative that celebrates the strength and perseverance of children who have overcome cancer. The Brave Champions program reflects our shared commitment to providing comprehensive psychological and social support to survivors and their families, helping them reintegrate into daily life with renewed confidence and optimism.' BisB has recently formalized a strategic partnership with the 'Smile' initiative through a collaboration agreement designed to launch targeted programs that support young cancer survivors. This ceremony stands as a meaningful outcome of that partnership, reflecting the powerful impact of collaboration between civil society organizations and the private sector in advancing humanitarian efforts and fostering a culture of hope, resilience, and social solidarity across the Kingdom.
Daily Tribune
16-06-2025
- Business
- Daily Tribune
BisB offers Maldives, Seychelles holiday prizes
TDT | Manama Shoppers using their BisB Visa Credit Cards this summer could land luxury holidays to the Maldives or Seychelles, as part of Bahrain Islamic Bank's latest travel-themed campaign rewarding everyday spending. Holiday dream The annual Summer Promotional Campaign, launched by BisB on Saturday, offers customers a chance to win one of two high-end vacations for two, simply by using their Visa Credit Cards for purchases of BHD 50 or more between June 1st and August 31st. Every eligible transaction earns an entry into the draw, with five bonus entries awarded for purchases made in foreign currency. The campaign also includes cashback rewards for 50 additional winners, with up to BHD 100 returned on qualifying purchases. Banking lifestyle Faisal Al Abdulla, Chief Retail Banking Officer at BisB, said the campaign is designed to align banking with customer aspirations. 'We believe in rewarding our customers not just for banking with us, but for living life to the fullest,' he said. 'This annual campaign is a celebration of our customers' loyalty and a reflection of our ongoing mission to simplify money matters while offering meaningful, travel-inspired rewards.' The initiative reflects BisB's growing emphasis on customer engagement through lifestyle-focused incentives tied to digital and card-based spending. Customers can boost their chances of winning by prioritising foreign transactions, which earn extra entries into the draw. All winners will be selected after the campaign ends in August. Further details are available on the bank's website or at any BisB branch.
