Ithmaar was incorporated in the Bahrain under the name of Faysal Investment Bank of Bahrain E.C. Until 2003, FIBEC was a wholly-owned subsidiary of Shamil Bank with an investment banking license granted by the BMA and engaged in acting as a manager of funds deposited for investment in accordance with the Sharia'a. On 21 October 2003, Shamil Bank purchased all the assets and liabilities of FIBEC then in existence with the exception of the statutory deposit lodged with the BMA. Immediately following this purchase, Shamil Bank sold the entire share capital of FIBEC to DMI and the name of FIBEC was changed to Ithmaar Bank B.S.C. The bank offers, together with its subsidiaries, a range of financial and investment services in accordance to Islamic Sharia principals. The Company offers its services through five divisions: Investment Banking; Private Equity; Private Banking Group; Group Business Development and Mergers and Acquisitions.
Headquarters
Seef Tower,15Th Floor, P.O. Box 2820, Seef Tower, Building 2080, Road 2825, Al Seef District 428, P.O. Box 2820, Manama, Kingdom Of Bahrain
Manama; Manama;
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Website: http://www.ithmaarholding.com
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