Bahrain Islamic Bank (BisB) was recently awarded as ‘Most Innovative Islamic Bank – Bahrain’ by International Finance, a premium business and finance magazine published by UK’s International Finance Publications Limited. The full list of winners across the region for the year 2022 will be announced at the upcoming award ceremony, which will be held on January 19^th 2023 at the Jumeirah Emirates Towers Hotel, Dubai, United Arab Emirates.

The award stands testament to the Bank’s ongoing commitment to continually develop its Shari’a complaint products and services, in line with its simplification through digitization strategy. Throughout the past year, BisB shifted its focus to serving its corporate customers by launching new digital financial innovations, and also continued its expansion into an untapped retail market segment – the youth.

Commenting on the occasion, Chief Executive Officer of BisB, Mr. Hassan Jarrar, stated, “I would like to congratulate all BisB employees on this remarkable achievement. In the past year alone, we have successfully launched strategic digital products and services catalysed by market need, particularly in response to the circumstances that continued as a result of the pandemic. This award stands testament to our unparalleled success in embracing a digitally-driven and innovative mindset as part of our promise to simplify our customers’ money matters, a commitment which we will continue to deliver on.”

The Bank was awarded for the successful launch of Future Leaders, the cashless payment service which allows parents to track and manage their children’s transactions through the provision of a prepaid card, which also comes with an optional wristband.

In July 2021, the Bank also unveiled its renovated financial mall located in Riffa, revealing a completely new innovative design combining the best of both traditional and digital experiences in a single space. Additionally, the Bank was recognized for effectively integrating Environmental, Social and Governance (ESG) considerations across all business fronts, where a three-year sustainability roadmap was formed in 2021, ultimately aiming to position the Bank as a vital purpose and impact-driven player by 2023.

The aforementioned initiatives all come in line with the Bank’s strategic aim to facilitate banking operations that contribute to the Kingdom’s 2030 Economic Vision, and the Kingdom’s Digital Government strategy as a vital initiative under the 2030 Vision, which seeks to proactively enhance the digital readiness and environment of government and educational institutions by introducing new digital technologies and solutions.