Ithmaar Bank opens new branch in Qalali

Manama : Ithmaar Bank inaugurated its newest branch in Qalali yesterday. It is the bank’s fourth full-service branch in Muharraq and its 18th in Bahrain.

Ithmaar Bank CEO Ahmed Abdul Rahim said emphasised the bank’s commitment to serving Bahraini residents in new and developing neighbourhoods.  

“The new Ithmaar Bank branch is in a relatively new and very fast-developing area, with major real estate developments including Amwaj, Dilmunia and Diyar Al Muharraq quickly coming online,” said Abdul Rahim following the inauguration. 

“This is in addition, of course, to the fast-growing Qalali neighbourhood, which is now almost a full city in its own right, as well as the expanding Samaheej, Dair and Hidd neighbourhoods nearby.

“This continuous growth and development is testimony to the Kingdom’s vibrant economy, and a positive reflection of our banking industry. We are pleased to  effectively contribute towards this positive growth,” he added.

The new branch gives Ithmaar Bank the widest branch network of any Islamic bank and the third largest of any bank in Bahrain.

The inauguration ceremony was also attended by CBB Executive Director of Banking Supervision Khalid Hamad, CBB Acting Director - Islamic Financial Institutions Supervision Directorate, Fahad Yateem, Ithmaar Bank Chief Operating Officer, Ravindra Khot and Assistant General Manager, Retail Banking, Mohammed Janahi and other Ithmaar Bank officials.

“Ithmaar Bank is committed to working with the CBB to continuously developing Bahrain’s Islamic banking industry and reinforcing the Kingdom’s already prominent position as one the region’s key banking hubs,” said Janahi. 

“We are equally committed to becoming the Islamic retail bank of choice among the people of Bahrain. We do so by listening to our customers and continuously enhancing their Islamic banking experience by developing our products and services,” he said.

The Qalali branch timings are from Saturday to Wednesday 7:30am to 1pm; and 4pm to 6pm on Saturdays, Mondays, and Wednesdays.