26/09/2017 09:14 AST

Speaking at the signing ceremony, Bahrain Islamic Bank’s Chief Executive Officer, Mr. Hassan Jarrar, stated. “We are pleased with the positive response from our partner banks in Bahrain, the region and Europe.”

Bahrain Islamic Bank B.S.C. (BisB) has successfully closed a debut $101 million one-year Syndicated Murabahah Financing Facility. The Facility, which will be used for general funding purposes, was signed on 20th September 2017. Bahrain-based Bank ABC acted as the sole Bookrunner and Coordinator of this facility.

The Facility was initially launched for $50 million, and following strong interest from the market, BISB decided to utilise the significant over-subscription to increase the Facility size to $101 million. A total of eight banks from the GCC and Europe participated in this transaction including Bank ABC Islamic, Boubyan Bank K.S.C.P., Dubai Islamic Bank PJSC, Emirates Islamic, Sharjah Islamic Bank, National Bank of Ras Al Khaimah (P.S.C.), The Islamic Corporation for the Development of the Private Sector, Federated Project and Trade Finance Tender Fund, and Federated Project and Trade Finance Core Fund.

Speaking at the signing ceremony, Bahrain Islamic Bank’s Chief Executive Officer, Mr. Hassan Jarrar, stated. “We are pleased with the positive response from our partner banks in Bahrain, the region and Europe.”

Bank ABC expressed its delight with the closure of the transaction and wished Bahrain Islamic Bank continued growth and prosperity in the future.

Incorporated in 1979 as the first Islamic bank in the Kingdom of Bahrain, Bahrain Islamic Bank has played a pivotal role in the development of the Islamic banking industry and the Kingdom’s economy and is the flagship Islamic Bank. The Bank operates under an Islamic Retail banking licence from the Central Bank of Bahrain and is listed on the Bahrain Bourse.


CPI Financial

BisB seals Dadabhai Travel partnership deal

22/07/2018

Bahrain Islamic Bank (BisB), leading provider of Sharia compliant integrated financial solutions, said it has signed a partnership agreement with Dadabhai Travel, one of the leading travel agencies i

Trade Arabia

Bahrain Islamic Bank (BisB) signs a MoU agreement with Bin Faqeeh

05/07/2018

Bahrain Islamic Bank (BisB) has recently signed a memorandum of understanding agreement with Bin Faqeeh Real Estate Investment Company to provide financing to potential residents of the luxury Sidra

Biz Bahrain

Bahrain Islamic relaunches premium banking services

24/06/2018

Bahrain Islamic Bank (BisB) has announced the relaunch of its Al Thuraya Premium Banking Services with a selection of new unique features tailored to cater to the needs of High Net Worth Individuals

Trade Arabia

Ticker Price Volume
STC 80.00 582,963
SABIC 123.40 5,002,630
BISB Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
AUB 0.66 -0.01 (-1.50%)
NBB 0.60 0.00 (0.00%)
BBK 0.44 0.00 (0.00%)
SALAM 0.10 0.00 (4.12%)
Bank Nizwa participates in Malaysia industry event

20/08/2019

Bank Nizwa, represented by two of its Board Members, Sami Al Dhugishi and Ishaq Al Maouli along with Chief Executive Officer, Khalid Al Kayed, participated in the 2nd Islamic Financial Services Board

Times of Oman

Emirates NBD stands chance to renegotiate Denizbank acquisition

14/08/2018

The sharp decline of the Turkish lira in recent weeks has triggered speculation in banking circles that Emirates NBD stands a chance to renegotiate its deal to acquire Denizbank as the valuation has

Gulf News

Eshraq reports best half-year since 2014

14/08/2018

Abu Dhabi-listed Eshraq Properties reported a first-half net profit of Dh14.8 million, compared to a loss of Dh0.32 million in the first half of 2017. The property firm said in a press statement that

Gulf News

Damac and RHG to launch Radisson Hotel

14/08/2018

Damac Properties has signed a landmark agreement with Radisson Hotel Group (RHG) to develop and launch the ‘Radisson Hotel, Dubai Damac Hills’, its first, newly launched Radisson-branded property wor

The Gulf Today

Adnoc Distribution net profit up 18pc in H1

14/08/2018

Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) has reported that net profit for the six months ended June 30, 2018, increased by 18 per cent to Dh1.124 billion ($306 million) co

Trade Arabia