BisB CEO joins a virtual panel on ‘Strategies for a Post Pandemic World’

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Hassan Jarrar, the Chief Executive Officer of Bahrain Islamic Bank, took part in a virtual panel discussion on ‘Islamic Finance – Growth Through Innovation’ organised by Saudi Central Bank on 26th September 2021.

During the session, the CEO said that BisB effectively navigated the repercussions of the ongoing pandemic and emerged on top of the list of digital achievements and milestones at a local level. “Most of BisB’s banking transactions are digitised, operations streamlined and automated, shifted from the traditional banking experience to one that is transformative and innovative,” he said.

The CEO also revealed that BisB encouraged its customers to utilise the bank’s digital financial services and solutions, such as mobile applications, in record time, which resulted in a surge in new accounts. Hassan Jarrar also shed light on BisB’s prominent digital solutions launched in line with its technology-driven strategy.

The CEO took part in a discussion on ‘Strategies for a Post Pandemic World’, with chief executives Omar Abdulrahman AlHussain, Executive Vice President Retail Banking at Bank Al Bilad and Arsalaan Ahmed, CEO of Al Rajhi Bank, Malaysia. Mustafa Adil, Head of Islamic Finance Data and Analytics at Refinitiv, moderated the discussion.

The participants discussed the most prominent mechanisms of industry leaders to address the challenges posed by the pandemic and exchanged ideas on the future of the Islamic banking sector, the importance of cooperation with FinTech companies and the establishment of relevant regulations set by central banks, authorities and decision-makers.