Ithmaar Bank named fastestgrowing Islamic fintech bank

Ithmaar Bank, a Bahrain-based Islamic retail bank, was named the Fastest Growing Islamic Fintech Bank at the World Islamic Banking Conference (WIBC) 2019. The award was presented by Central Bank of Bahrain (CBB) Governor Rasheed Mohammed Al Maraj to Ithmaar Bank Chief Executive Officer Ahmed Abdul Rahim at a Gala Dinner hosted at the end of the first day of the WIBC.

The WIBC, hosted in strategic partnership with the CBB, brings Islamic banking experts from across the world to Bahrain to discuss key issues and review the latest developments and share insight into current trends. The annual event, now in its twenty-sixth year, is widely recognised as one of the most important events on the global Islamic banking calendar.

“The WIBC Award for being the Fastest Growing Islamic Fintech Bank highlights Ithmaar Bank’s commitment to staying ahead of the curve, and recognises the significance of our digital initiatives,” said Abdul Rahim. Earlier this year, Ithmaar Bank was also named “Best Bank for Personal Finance in Bahrain” by the World Union of Arab Bankers (WUAB) at a high-profile ceremony hosted in Beirut, Lebanon.

Ithmaar Bank has since also announced the launch of a customer-centric chat service on WhatsApp Business social media platform that will help improve its customers’ banking experience.