BisB Wins Global Business Outlook’s ‘Most Innovative Digital Transformation Initiative’ for the Year 2019

Press release

Published September 2nd, 2019 - 11:04 GMT

Global Business Outlook BisB Award

Highlights

Bahrain Islamic Bank has emerged as the winner of the prestigious ‘Most Innovative Digital Transformation Initiative’ for the year 2019 from Global Business Outlook.

Bahrain Islamic Bank (BisB), the leading provider of integrated Sharia compliant financial solutions in the Kingdom of Bahrain, has emerged as the winner of the prestigious ‘Most Innovative Digital Transformation Initiative’ for the year 2019 from Global Business Outlook.

Bahrain Islamic Bank (BisB) sees it as its core responsibility to help drive the industry’s digital evolution while elevating the living standards of the nation as a result. Over the past few years, BisB has led the way for the industry’s digital transformation, pushing the boundaries with its adoption of advanced technologies to enhance the customer experience and elevate the standards of banking in the Kingdom.

We are honoured to receive this award from Global Business Outlook in recognition of our efforts to invest in digital technology and innovation to meet customer needs. Launching innovative products and solutions is in line with BisB’s efforts to digitize all operations in a bid to stay ahead of the current market trends and maintain its position at the forefront of the banking industry during the digital era. We’re proud of our milestones and look forward to achieving many more successes over the coming years,” said the Chief Executive Officer of BisB, Mr. Hassan Jarrar.

Over the past two years, BisB launched a number of innovative products and services, including BisB Digital, BisB Corporate Digital, an in-house Innovation Lab, and its fully-fledged digital branch allowing customers to perform various banking activities through the use of a dedicated self-service kiosk. In March 2019, BisB also unveiled its digital virtual employee named “Dana”.

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.