Bahrain Islamic Bank Organizes BISB Innovation Cam

Press release
Published May 8th, 2019 - 06:31 GMT

During the event
During the event
Highlights
BisB, the leading provider of Shari’a compliant innovative financial solutions in the Kingdom of Bahrain, recently hosted the ‘BisB Innovation Camp’

In line with its community focus on youth education and innovation, and its efforts to engage the younger generation in the development of innovative banking ideas, BisB, the leading provider of Shari’a compliant innovative financial solutions in the Kingdom of Bahrain, recently hosted the ‘BisB Innovation Camp’, a one-day workshop held in collaboration with INJAZ Bahrain to inspire young entrepreneurial mindsets and broaden their horizons.

The workshop was attended by 50 students from the Royal University for Women, who took part in a series of activities to develop original solutions for youth banking. The students were required to utilize skills such as critical thinking, teamwork, communication, and leadership, to create a new and innovative product or service for BisB.

The workshop was led by seven BisB volunteers. They created 7 teams to spark the competition and helped direct and guide the students through the activities.

At the end of the session, the judging panel, which consisted of three BisB Department Heads, assessed the ideas presented by the participating teams. The pink team were announced as the winners of the best creative idea for a product for youth. The Bank will announce the details soon.

The ‘BisB’ Innovation Camp’ supports the Bank’s new Corporate Social Responsibly (CSR) platform, “Jood”, which focuses on education and innovation as a means to create a future ready workforce with vital skills and an innovative mindset that can transform them into competitive, highly attractive candidates for the labour market.

Commenting on this initiative, the Chief Executive Officer of BisB, Mr. Hassan Jarrar said, "We are delighted to have organized this workshop in collaboration with INJAZ Bahrain. Such initiatives are very much aligned with our CSR platform “Jood” that encourages innovative, out of the box thinking among the younger generation. The workshop served to inspire creativity among the participants, enabling them to develop innovative banking products and services which BisB will actively seek to transform into real life banking solutions that meet the needs of the youth.” 

Background Information

Bahrain Islamic Bank

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

At the end of 2016, the Bank’s paid up capital was BD 101 million, while total assets stood at BD 1042 million. The Bank’s modern branch network comprises 5 branches, 4 innovative financial malls, and 56 ATMs located throughout the Kingdom. A steadfast focus on continuous innovation, strong corporate governance and risk management, employee development, and the use of state of the art technology to deliver superior customer service, has cemented Bahrain Islamic Bank’s position as the leading Sharia’a – compliant bank in the Kingdom.

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