Ibdar Bank – Arabian Business Directory

Ibdar Bank

PO Box 1001 ,Al Zamil Building, 6th Floor, Al Khalifa Avenue ,Manama ,Bahrain
+973 - 17510000
+973 - 17510051
info@ibdarbank.com
www.ibdarbank.com
Modify/Edit

Business Activities / Brands

Key Contacts

img
Ayman Sejiny

Chief Executive Officer

img
Ahmed Mustafa

Chief Financial Officer

img
Ikbal Daredia

Senior Executive Director, Capital Markets Treasury

img
Yasser Abbady

Executive Director Investor Relations

img
Bassam Kameshki

Director Real Estate

img
Hussain Jamsheer

Executive Director – Head of Investor Relations

img
Ayman Sejiny

Chief Executive Officer

img
Ahmed Mustafa

Chief Financial Officer

img
Ikbal Daredia

Senior Executive Director, Capital Markets Treasury

img
Yasser Abbady

Executive Director Investor Relations

img
Bassam Kameshki

Director Real Estate

img
Hussain Jamsheer

Executive Director – Head of Investor Relations

img

IBDAR Bank Employees Trained in FinTech

Manama Bahrain 16 April 2018: Top tier wholesale Islamic Investment bank Ibdar Bank has announced that 22 employees have successfully completed a week-long intensive FinTech in-house training program held recently at the Bank s Manama Headquarters. The concentrated Understanding FinTech program was designed to immerses employees into the emerging world of financial technology. It introduced participants to the world of Bitcoin and other cryptocurrencies in addition to the underlying technologies and their application in the financial services industry. The course which was delivered by a leading learning and development organization in the UAE KSA and the EMEA region is aligned with the Bank s strategy to digitally transform its operations in order to cater to the needs of a Global Islamic Digitized Economy (GIDE). Commenting on the training Ibdar CEO Ayman Sejiny said: The Bank in its comprehensive transformation plan is currently digitizing its Back- Middle- and Front-Office operations and processes whilst building an expert in-house Digital Finance Team . The course is in line with our mission to equip our staff with the knowledge and skills they need to effectively support our transformation strategy. Director of Human Resources Mrs. Sama Al Alawi said: I am pleased to announce the successful completion of the Bank s first formal FinTech focused training course which provided participants with a thorough examination of various FinTech environments and the legal technical and business issues faced in today s digitally transforming financial services world. This training underscores the Bank s ongoing dedication to providing professional training and development courses that empower our employees to reach their full career potential whilst driving the Bank s strategic success. The Bank recently announced its founding membership of Bahrain FinTech Bay in addition to its plans to develop its advisory capacity with regards to financial products for the digital economy with a strong emphasis on fully digitalized products for the Blockchain economy Cryptonomics and their deployment in the public and private sector. Sejiny concluded: The strong support provided by the Government of Bahrain and the Central Bank of Bahrain is supporting the Kingdom s positioning as a regional and international FinTech hub and Ibdar Bank aims to support this mission by being the Kingdom s top Islamic challenger bank focused on serving the Global Islamic Digital Economy (GIDE) .

Read More
img

IBDAR BANK Gold Sponsor of Kingdom's 1st e-pay summit

Manama Bahrain 2nd April 2018: Top tier wholesale Islamic Investment bank Ibdar Bank was a gold sponsor at Bahrain s first ever e-Pay Summit. The Summit a platform dedicated to Electronic Payment Internet Banking technology and applications was held under the patronage of the Central Bank of Bahrain at the Ritz Carlton on the 27 and 28 th March 2018. The event designed to encourage growth in the Fintech industry and strengthen Bahrain s position as a regional financial hub brought together experts from the Banking FinTech eCommerce Retail and Telcos industries to present practical cases and share their in-depth experiences on innovation Usability and Customer Adoption Cyber-security E-Payments Infrastructure & Regulation Technological disruption and Innovation in the payment landscape.

Read More
img

IBDAR Bank founding member of Bahrain Fin Tech Bay

Manama Bahrain 13 March 2017: Top tier wholesale Islamic Investment bank Ibdar Bank has announced that it is a founding member of Bahrain FinTech Bay (BFB) an initiative driven by the Bahrain Economic Development board (EDB) and the Central Bank of Bahrain (CBB) amongst other notable governmental semi-governmental and private sector entities underscoring the Bank s commitment to positioning Bahrain as a regional FinTech hub and a leading digital Islamic fi nancial epicenter. Commenting on the membership Ibdar Bank CEO Mr. Ayman Sejiny said: I am pleased to announce that the Bank is a founding member of Bahrain FinTech Bay. Ibdar Bank s strategy is to digitally transform its operations in order to cater to the needs of a Global Islamic Digitized Economy (GIDE) and this partnership is in line with that vision . The Bank in its comprehensive transformation plan is currently digitizing its Back- Middle- and Front-Office operations and processes whilst building an expert in-house Digital Finance Team . Ibdar Bank s digital strategy will also witness the further development of its advisory capacity with regards to financial products for the digital economy and a strong emphasis on fully digitalized products for the Blockchain economy Cryptonomics and their deployment in the public and private sector. Sejiny added: FinTech is the most disruptive event in financial history set to enable digital Islamic finance products in a most competitive manner and with the strong support provided by the Government of Bahrain and the Central Bank of Bahrain Bahrain FinTech Bay will further reinforce the Kingdom s strong financial position.

Read More
img

IBDAR BANK REPORTS PROFITS FOR 2017

Manama Bahrain 27 February 2018: Bahrain-based wholesale Islamic Investment bank Ibdar Bank has reported USD 1.01 million in net profit for the year ended December 31 2017 marking the Bank s return to profitability for the first time since 2014. Net profit attributable to shareholders amounted to USD 0.86 million for Q4 2017 Ibdar has recognized USD 0.73 million as net profit attributable to shareholders. The Bank achieved a net profit of USD 1.01 million total revenues of USD 17 million and operating income of USD 2.9 million for fiscal year 2017. These encouraging results are attributable to successful exits from assets operational revenues from real estate products and internal streamlining and restructuring. Commenting on the results Ibdar Bank Chairman Mr. Tareq Sadeq said: I am pleased to report that 2017 saw Ibdar Bank return to profitability. The Bank has a clear business strategy and an experienced team and I am confident that the new partnerships and business lines formed during 2017 are set to further positively impact the bottom line in 2018 and beyond. Chief Executive Officer Mr. Ayman Sejiny said: It is the beginning of a new era for Ibdar Bank. We have implemented a turnaround strategy and are laying the foundation to become an I slamic finance leader based on digitisation and the use of the latest Fintech and as such the Bank has set out a comprehensive plan to engage FinTech and cater to the needs of a Global Islamic Digital Economy (GIDE). In 2017 the Bank acquired the Headquarters of Amazon Robotics a wholly owned subsidiary of Amazon Inc. sold a further three Q400 aircraft marking the fourth aviation exit by the Bank within the last two years totaling 9 planes monetized non-performing assets and laid the foundation for the offering of Shari ah compliant products and services for family offices and Awqaf entities. Sejiny added: While 2017 was a challenging year for the GCC economies Ibdar Bank managed to recognise a profit of USD 1.01 million marking the first million profits since the Bank s merger which is testament to the success of our turn-around strategy and a first reward for the team s relentless effort. Our ultimate goal is to generate maximum value and annual profit for our shareholders guided by the Board of Directors and CBB regulations. Mr. Sadeq concluded: 2018 will see the Bank continue to enhance operating profitability b y building on Ibdar s track record and execution platform and I am confident that the Bank is well placed to deliver the right opportunities to our investors and build its reputation as one of the regions most ethical innovative and results-driven Islamic financial institutions. Born out of the merger of three Bahrain-based Islamic investment banks (Elaf Bank Capivest and Capital Management House) Ibdar Bank has since evolved into one of the largest Shari a compliant investment banks in Bahrain. The Bank s largest shareholder is Kuwait Finance House with a significant 30.08% interest. Ibdar Bank is engaged in Capital Markets Treasury Aviation Real Estate Asset Management and Investment Advisory services.

Read More
img

IBDAR BANK ASSIGNED ‘BB’ LONG-TERM AND ‘B’ SHORT-TERM RATING

In its press announcement Capital Intelligence Ratings said that the ratings were driven by the Bank s solid capital adequacy comfortable liquidity position extended debt maturity profile and low leverage in particular the limited borrowings in relation to total capital. Ibdar Bank s Chief Executive Officer Ayman Sejiny said: The ratings confirm the success of initiatives undertaken to transform the Bank through the implementation of a new business strategy. The stable outlook reflects the Bank s positive revenue-generating ability which is underpinned by multiple sources of revenue. He continued: The Bank has achieved a measured degree of success at rebuilding its operating profitability in recent years on the back of increased business volumes and investment in Sukuk and is well positioned to continue on this path to profitability . Born out of the merger of three Bahrain-based Islamic investment banks (Elaf Bank Capivest and Capital Management House) Ibdar Bank has since evolved into one of the largest Shari a compliant investment banks in Bahrain. The Bank s largest shareholder is Kuwait Finance House with a significant 30.08% interest. Separately KFH s Bahrain-based operation owns a further 4.71% of shares which raises KFH s effective stake in IB to 34.79%. KFH is the second largest bank in Kuwait with total assets of USD53.9 billion in 2016. Ibdar Bank is engaged in Capital Markets Treasury Aviation Real Estate Asset Management and Advisory services.

Read More
Showing 1 to 6 of 30 entries
img

IBDAR Bank Employees Trained in FinTech

Manama Bahrain 16 April 2018: Top tier wholesale Islamic Investment bank Ibdar Bank has announced that 22 employees have successfully completed a week-long intensive FinTech in-house training program held recently at the Bank s Manama Headquarters. The concentrated Understanding FinTech program was designed to immerses employees into the emerging world of financial technology. It introduced participants to the world of Bitcoin and other cryptocurrencies in addition to the underlying technologies and their application in the financial services industry. The course which was delivered by a leading learning and development organization in the UAE KSA and the EMEA region is aligned with the Bank s strategy to digitally transform its operations in order to cater to the needs of a Global Islamic Digitized Economy (GIDE). Commenting on the training Ibdar CEO Ayman Sejiny said: The Bank in its comprehensive transformation plan is currently digitizing its Back- Middle- and Front-Office operations and processes whilst building an expert in-house Digital Finance Team . The course is in line with our mission to equip our staff with the knowledge and skills they need to effectively support our transformation strategy. Director of Human Resources Mrs. Sama Al Alawi said: I am pleased to announce the successful completion of the Bank s first formal FinTech focused training course which provided participants with a thorough examination of various FinTech environments and the legal technical and business issues faced in today s digitally transforming financial services world. This training underscores the Bank s ongoing dedication to providing professional training and development courses that empower our employees to reach their full career potential whilst driving the Bank s strategic success. The Bank recently announced its founding membership of Bahrain FinTech Bay in addition to its plans to develop its advisory capacity with regards to financial products for the digital economy with a strong emphasis on fully digitalized products for the Blockchain economy Cryptonomics and their deployment in the public and private sector. Sejiny concluded: The strong support provided by the Government of Bahrain and the Central Bank of Bahrain is supporting the Kingdom s positioning as a regional and international FinTech hub and Ibdar Bank aims to support this mission by being the Kingdom s top Islamic challenger bank focused on serving the Global Islamic Digital Economy (GIDE) .

Read More
img

IBDAR BANK Gold Sponsor of Kingdom's 1st e-pay summit

Manama Bahrain 2nd April 2018: Top tier wholesale Islamic Investment bank Ibdar Bank was a gold sponsor at Bahrain s first ever e-Pay Summit. The Summit a platform dedicated to Electronic Payment Internet Banking technology and applications was held under the patronage of the Central Bank of Bahrain at the Ritz Carlton on the 27 and 28 th March 2018. The event designed to encourage growth in the Fintech industry and strengthen Bahrain s position as a regional financial hub brought together experts from the Banking FinTech eCommerce Retail and Telcos industries to present practical cases and share their in-depth experiences on innovation Usability and Customer Adoption Cyber-security E-Payments Infrastructure & Regulation Technological disruption and Innovation in the payment landscape.

Read More
img

IBDAR Bank founding member of Bahrain Fin Tech Bay

Manama Bahrain 13 March 2017: Top tier wholesale Islamic Investment bank Ibdar Bank has announced that it is a founding member of Bahrain FinTech Bay (BFB) an initiative driven by the Bahrain Economic Development board (EDB) and the Central Bank of Bahrain (CBB) amongst other notable governmental semi-governmental and private sector entities underscoring the Bank s commitment to positioning Bahrain as a regional FinTech hub and a leading digital Islamic fi nancial epicenter. Commenting on the membership Ibdar Bank CEO Mr. Ayman Sejiny said: I am pleased to announce that the Bank is a founding member of Bahrain FinTech Bay. Ibdar Bank s strategy is to digitally transform its operations in order to cater to the needs of a Global Islamic Digitized Economy (GIDE) and this partnership is in line with that vision . The Bank in its comprehensive transformation plan is currently digitizing its Back- Middle- and Front-Office operations and processes whilst building an expert in-house Digital Finance Team . Ibdar Bank s digital strategy will also witness the further development of its advisory capacity with regards to financial products for the digital economy and a strong emphasis on fully digitalized products for the Blockchain economy Cryptonomics and their deployment in the public and private sector. Sejiny added: FinTech is the most disruptive event in financial history set to enable digital Islamic finance products in a most competitive manner and with the strong support provided by the Government of Bahrain and the Central Bank of Bahrain Bahrain FinTech Bay will further reinforce the Kingdom s strong financial position.

Read More
img

IBDAR BANK REPORTS PROFITS FOR 2017

Manama Bahrain 27 February 2018: Bahrain-based wholesale Islamic Investment bank Ibdar Bank has reported USD 1.01 million in net profit for the year ended December 31 2017 marking the Bank s return to profitability for the first time since 2014. Net profit attributable to shareholders amounted to USD 0.86 million for Q4 2017 Ibdar has recognized USD 0.73 million as net profit attributable to shareholders. The Bank achieved a net profit of USD 1.01 million total revenues of USD 17 million and operating income of USD 2.9 million for fiscal year 2017. These encouraging results are attributable to successful exits from assets operational revenues from real estate products and internal streamlining and restructuring. Commenting on the results Ibdar Bank Chairman Mr. Tareq Sadeq said: I am pleased to report that 2017 saw Ibdar Bank return to profitability. The Bank has a clear business strategy and an experienced team and I am confident that the new partnerships and business lines formed during 2017 are set to further positively impact the bottom line in 2018 and beyond. Chief Executive Officer Mr. Ayman Sejiny said: It is the beginning of a new era for Ibdar Bank. We have implemented a turnaround strategy and are laying the foundation to become an I slamic finance leader based on digitisation and the use of the latest Fintech and as such the Bank has set out a comprehensive plan to engage FinTech and cater to the needs of a Global Islamic Digital Economy (GIDE). In 2017 the Bank acquired the Headquarters of Amazon Robotics a wholly owned subsidiary of Amazon Inc. sold a further three Q400 aircraft marking the fourth aviation exit by the Bank within the last two years totaling 9 planes monetized non-performing assets and laid the foundation for the offering of Shari ah compliant products and services for family offices and Awqaf entities. Sejiny added: While 2017 was a challenging year for the GCC economies Ibdar Bank managed to recognise a profit of USD 1.01 million marking the first million profits since the Bank s merger which is testament to the success of our turn-around strategy and a first reward for the team s relentless effort. Our ultimate goal is to generate maximum value and annual profit for our shareholders guided by the Board of Directors and CBB regulations. Mr. Sadeq concluded: 2018 will see the Bank continue to enhance operating profitability b y building on Ibdar s track record and execution platform and I am confident that the Bank is well placed to deliver the right opportunities to our investors and build its reputation as one of the regions most ethical innovative and results-driven Islamic financial institutions. Born out of the merger of three Bahrain-based Islamic investment banks (Elaf Bank Capivest and Capital Management House) Ibdar Bank has since evolved into one of the largest Shari a compliant investment banks in Bahrain. The Bank s largest shareholder is Kuwait Finance House with a significant 30.08% interest. Ibdar Bank is engaged in Capital Markets Treasury Aviation Real Estate Asset Management and Investment Advisory services.

Read More
img

IBDAR BANK ASSIGNED ‘BB’ LONG-TERM AND ‘B’ SHORT-TERM RATING

In its press announcement Capital Intelligence Ratings said that the ratings were driven by the Bank s solid capital adequacy comfortable liquidity position extended debt maturity profile and low leverage in particular the limited borrowings in relation to total capital. Ibdar Bank s Chief Executive Officer Ayman Sejiny said: The ratings confirm the success of initiatives undertaken to transform the Bank through the implementation of a new business strategy. The stable outlook reflects the Bank s positive revenue-generating ability which is underpinned by multiple sources of revenue. He continued: The Bank has achieved a measured degree of success at rebuilding its operating profitability in recent years on the back of increased business volumes and investment in Sukuk and is well positioned to continue on this path to profitability . Born out of the merger of three Bahrain-based Islamic investment banks (Elaf Bank Capivest and Capital Management House) Ibdar Bank has since evolved into one of the largest Shari a compliant investment banks in Bahrain. The Bank s largest shareholder is Kuwait Finance House with a significant 30.08% interest. Separately KFH s Bahrain-based operation owns a further 4.71% of shares which raises KFH s effective stake in IB to 34.79%. KFH is the second largest bank in Kuwait with total assets of USD53.9 billion in 2016. Ibdar Bank is engaged in Capital Markets Treasury Aviation Real Estate Asset Management and Advisory services.

Read More

PRODUCT & SERVICES

Brands

Promotions