ITHMAAR Bank, a Bahrain-based Islamic retail bank, reported profits for the nine-month period ended September 30, 2025.
The announcement, by Ithmaar Bank chairman Prince Amr Al Faisal, follows the review and approval of the board of directors of the bank’s consolidated financial results.
The results show a net profit attributable to equity holders of the bank for the three-month period ended September 30, 2025 of BD1.15 million compared to the net profit attributable to equity holders of BD1.145m reported for the same period in 2024.
Total profit for the three-month period ended September 30, 2025 was BD3.75m, compared to a net profit of BD3.64m for the same period in 2024.
The results also show a net profit attributable to equity holders for the nine-month period ended September 30, 2025 of BD3.95m, compared to a net profit attributable to equity holders of BD8.92m for the same period in 2024.
The decrease is mainly due to reduced spreads in their overseas business resulting from the decreasing profit rate environment. Total profit for the nine-month period ended September 30, 2025 was BD10.85m, compared to a net profit of BD17.17m for the same period in 2024.
“On behalf of Ithmaar Bank board of directors, I am pleased to announce that the bank continued to report profit for the period,” said Prince Amr.
“This is due to the bank’s continuous efforts and focus to achieve further growth in its core Islamic banking business in Bahrain and Pakistan and further enhancing the value of its strategic investments,” he said.
Ithmaar Bank’s chief executive officer Maysan Al Maskati stated that “the financial results show that the bank’s efforts to continuously grow its core business and enhance its corporate customers Islamic banking experience are paying off.”
“As a result of the bank’s continued efforts, the deposit mobilisation efforts have yielded positive results as the quasi-equity liabilities has crossed BD1 billion mark, reaching BD1.12bn at
September 30, 2025 compared to BD0.96bn at December 31, 2024,” said Mr Al Maskati.
Total equity attributable to shareholders of the bank increased to BD54.49m as at September 30, 2025, a 7.8pc increase from BD50.54m as of December 31, 2024.
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