Latest news with #FaisalAlAbdulla
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
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.
Daily Tribune
09-05-2025
- Business
- Daily Tribune
BisB introduces multicurrency card
Bahrain Islamic Bank (BisB) has introduced a new Visa Multi-Currency Prepaid Card, offering a seamless and cost-effective way for customers to spend internationally. The card enables payments in six currencies: Bahraini Dinar, US Dollar, British Pound, Euro, Emirati Dirham, and Saudi Riyal. The new product is aimed at travellers, online shoppers, and professionals who manage financial commitments across borders. Digital Tools Cardholders benefit from transparent conversion rates and real-time spending controls. All activity can be tracked via the BisB Mobile App, which also allows users to top up funds and switch between currencies as needed. Faisal Al Abdulla, Chief Retail Banking Officer at BisB, said the card was designed to meet growing demand for 'frictionless global transactions,' and combines flexibility with user control and security. Secure Spending The card also includes advanced security features, making it suitable for travel and everyday use abroad. The launch marks another step in BisB's shift toward digital-first banking tools that support the evolving lifestyles of its customer base. Applications can be submitted via the BisB Mobile App, by visiting a branch, or by calling 17515151.
Daily Tribune
05-03-2025
- Business
- Daily Tribune
BisB offers promotions and financing solutions On the Occasion of the Holy Month
Bahrain Islamic Bank (BisB), the leading provider of innovative Islamic financial solutions for simplifying money matters in the Kingdom of Bahrain, has announced the launch of a diverse range of exceptional offers and financing solutions for personal finance, auto finance, and real estate finance. These exclusive Ramadan offers provide customers with numerous benefits, including a grace period of up to 6 months for repayment (excluding applicants under the Mazaya social housing program). Additionally, the first batch of eligible customers can benefit from an extended grace period of up to 1 year on a first-come, firstserved basis. Customers can also take advantage of competitive profit rates and flexible repayment terms across real estate and personal finance products. Mr. Faisal Al Abdulla, Acting Chief Retail Banking Officer at BisB said: "We extend our heartfelt congratulations to our esteemed customers on the advent of the holy month of Ramadan, praying to the Almighty to accept good deeds. We are pleased to launch our diverse Ramadan package of offers and financing solutions, through which we aim to meet the various needs and requirements of our customers by providing a range of banking services and products. We offer exclusive benefits and competitive profit rates on personal finance, auto finance, and Mortgage finance products that will meet our customers' aspirations. We encourage our customers to take advantage of these exclusive financing offers by contacting us through the BisB Mobile App, call center, or by visiting our branches and financial centers." BisB offers its services through a network of 8 branches and user-friendly digital platforms, including online banking and a mobile app. The bank provides a diverse range of innovative and simplified financial products and services. This comprehensive suite of offerings is designed to align perfectly with the evolving requirements of customers, providing them with convenient and seamless banking experiences across multiple channels.
Daily Tribune
12-02-2025
- Business
- Daily Tribune
BisB celebrates 25th Anniversary of National Action Charter with exclusive financing offers
In honour of the 25th Anniversary of the National Action Charter, Bahrain Islamic Bank (BisB), the leading provider of innovative Islamic financial solutions for simplifying money matters in the Kingdom of Bahrain, has announced a special campaign across its financial malls from 11th to 13th February 2025 to offer a host of meaningful financial benefits to its clientele. As a financial institution committed to national development, BisB celebrates this milestone by offering tailored financial solutions that empower individuals in alignment with the Charter's enduring principles. During the campaign period, customers will have access to a range of exclusive financing offers for Mortgage, Personal Finance, Mazaya & Tas'heel, Auto Finance, and Visa Credit Cards. To enhance accessibility, all financial malls will extend their operating hours until 6 PM throughout the campaign, allowing ample time to explore these limited time offers and banking solutions. Additionally, both the Hamad Town Financial Mall and the Arad Financial Mall will join the activation on 13th February, broadening client access to these unique benefits. Mr. Faisal Al Abdulla, Acting Chief Retail Banking Officer at BisB said, 'Through this campaign, we aim to reinforce our role as a trusted financial partner tirelessly working to ascertain that our clients benefit from unparalleled Islamic banking services that meet their needs today and in the future.' Customers are encouraged to visit any BisB financial mall to take advantage of this limited-time campaign, apply for financing solutions through the BisB Mobile App and website, and follow the Bank's social media channels for the latest Faisal Al Abdulla updates.
