Shamil Bank of Bahrain

Shamil Bank of Bahrain B.S.C.Shamil bank logo

Industry| Finance
Fate| Merged into Ithmaar Bank in 2010
Founded| 1982; 44 years ago (1982)
Headquarters| Manama, Bahrain

Key people

| Mohamed Abdulla Al Angari, Chairman
Faisal Al Alwan, CEO
Products| Financial services, investment banking
Parent| Ithmaar Bank
Website| http://www.shamilbank.net/

Shamil Bank was a Bahrain-based Islamic retail bank licensed and regulated by the Central Bank of Bahrain, with commercial and investment banking activities. It has grown steadily to become one of Bahrain's leading financial institutions.

Shamil Bank provides a diverse range of products and services that cater to the financing and investment needs of individuals and institutions. Conducting its business in compliance with the principles of Sharia’a, it operates a network of local branches and maintains a presence in overseas markets through its subsidiaries, associated and affiliated companies. In 2007, the bank has become a wholly owned subsidiary of Ithmaar Bank BSC, a full-service investment bank, and in 2010, it has been merged into its parent company.[1]

## See also

* Dar Al-Maal Al-Islami Trust
* List of banks in Bahrain

## References

1. ↑ https://www.ithmaarbank.com/about-us/ithmaar-bank-at-a-glance/ithmaar-bank-history

## External links

* Shamil Bank of Bahrain

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