ithmaar-bank Bank

Ithmaar Bank

Last Updated on 08 January 2020

About the Bank

This Bank is a Islamic retail bank in Bahrain. It is supported by the Central Bank of Bahrain. It provides its treasury, commercial, retail, financial & banking services to the individual, corporate & industrial clients. Ithmaar Holding B.S.C is its subsidiary company which is registered in Bahrain Bourse, Boursa Kuwait & Dubai Financial Market. This bank offers its wide range of banking products & services under Sharia-compliant. Through its subsidiary network, Ithmaar also maintains its presence in the foreign market, Faysal Bank Limited (Pakistan). 

Banking Products & Services

This Bank serves its wide range of banking products & services like - different Accounts, various options of debit & Credit Cards, Finance & other Banking products etc. Let’s have a look at it -


Products of Ithmaar Bank

Accounts

Current Account 

Savings Account

Thimaar Account

Thimaar Junior Account

Modaraba Account

7esabi Youth Account

Debit Cards

Debit Classic

Debit Plus

Premier


Credit Cards

Titanium

Platinum

World 

Corporate

Financing

Personal Finance

Auto Finance

Home Finance

Mazaya

Other Services

eBanking

Biometric Service

Mobile Banking

Islamic Banking

Popular Products & Services

Ithmaar offers its different kinds of financial options to its Bahrain clients. The flagship products include Ithmaar Credit Cards, Loans, Accounts & Other Banking services etc. Let’s read all in detail. 


Credit Cards

Ithmaar Bank offers various options of credit cards on attractive features like - Titanium, Platinum, World & Corporate Credit Cards that offers you various kinds of benefits & discounts like - free access to airport lounges, free supplementary card to the family members, discount of hotel bookings & up to 40% cash withdrawal limit on credit cards. 


Accounts

This bank serves different & various account options with attractive features. It offers Current, Savings, Modaraba Account, Timaar & Timaar Junior Accounts. Its Modaraba Account gives  you the chance to get higher profits with flexible tenors. 


Loans

Ithmaar offers Personal Loan, Home Loan, Auto Loans fast services which are easy access to finance to a person. Ithmaar Bank serves these financing options according to Sharia-compliant financing services.

Awards & Achievements


Year

Award Name

Award By

2017

Best Islamic Retail Bank in Bahrain

Union of Arab Banks & World Union of Arab Bankers

2019

Best Bank for Personal Finance in Bahrain

World Union of Arab Bankers 

Customer Support

The bank serves customer support 24*7 to its customers. You can get in touch with the bank via call on 13303030

CEO: Ahmed Abdul Rahim

Chairman: HRH Prince Amr Mohammed Al Faisal

Founded Year: 1982

Head Quarters: Seef Tower, Manama, Bahrain

No. of Employees: 201 - 500

Total Assets: BHD 3.127 Billion

Net Profit: BHD 151.782 Million

Website: www.ithmaarbank.com

Home Loan Home Loan
Credit Card Credit Card

Home Loan Provided by Ithmaar Bank

Mortgage Loan

Flat Rate

3.3%

Minimum Salary

400

Reducing Rate

5.94%

Max Loan Amount

500K

Arrangement Fee

1%

Down Payment

20%

Repayments Up To

25 Years

400

Minimum Salary

3.3%

Flat Rate

5.94%

Reducing Rate

500K

Max Loan Amount

1%

Arrangement Fee

20%

Down Payment

25 Years

Repayments Up To

Frequently Asked Questions

Q. What is Thimaar Junior Account?

A. It is a savings scheme. This scheme allows minors (>18 Years) to win Thimmar prizes. In which Thimaar Junior Accounts holders enter Thimaar Junior draws & the normal Thimaar draws also includes 3,206 lucky winners to win more than 4.4 million prizes.

Q. Are there any charges to replace any of the Ithmaar Credit Card?

A. BD 5.250 will be charged to replace Ithmaar Credit Card.

Q. Are there any charges on the replacement of Ithmaar Credit Card PIN?

A. BD 2.1 will be charged on the replacement of Ithmaar Credit Card PIN.

Q. What are the charges to pay a late payment of Ithmaar credit cards?

A. You have to pay BD 5 on credit card for a late payment.