Bahrain Islamic Bank Secures a Partnership Deal With Dadabhai Travel

Press release

Published July 22nd, 2018 - 05:17 GMT

The signing ceremony was attended by Ms. Dalal AlQais, General Manager of Retail Banking of BisB and Ms. Shahnaz Al Qaseer, Chief Operating Officer of Dadabhai Travel.

Bahrain Islamic Bank (BisB) recently signed a Joint Venture agreement in partnership with Dadabhai Travel on June 21^st, 2018. This comes on the heels of the Bank’s relaunch of AlThuraya Privileged Banking Services, which offers a selection of new, unique features as part of its ongoing commitment to the continuous development of its products and services. The signing ceremony was attended by Ms. Dalal AlQais, General Manager of Retail Banking of BisB and Ms. Shahnaz Al Qaseer, Chief Operating Officer of Dadabhai Travel, along with a number of officials from both parties.

Ms. Dalal AlQais, said, “We are delighted to form this exclusive partnership with Dadabhai Travel, considering its outstanding level of service and reputation in the market as one of the leading travel agencies in the Kingdom. At BisB, we are always seeking to cater to the needs of our customers, by offering access to a wide range of exclusive services that simplify their daily life. This alliance will allow us to offer our Al Thuraya account holders special travel related deals, promotional offers and exclusive holiday packages.”

Ms. Shahnaz Al Qaseer, General Manager of Dadabhai Travel, added, “For more than thirty-five years, Dadabhai Travel has continued to strengthen its position as a leader in the tourism industry of the Kingdom of Bahrain. We are proud to partner with BisB, the leading provider of Sharia compliant integrated financial solutions, through which we will be able to offer an unprecedented range of services by virtue of our first-rate, experienced consultants at Dadabhai Travel.”

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.