MANAMA: Bahrain Islamic Bank (BisB) has won the ‘Most Innovative Islamic Bank in Bahrain’ Award for 2021 from the International Finance Magazine (IFM), a publication that recognises and honours pioneering organisations.
The bank said the award highlights a number of initiatives and contributions that it has put forward throughout the year and stands testament to the bank’s ongoing commitment to developing its Sharia-compliant products and services with an innovative approach, and a digitisation strategy to simplify customers’ money matters.
BisB chief executive Hassan Jarrar said: “It gives us great pleasure to receive this award, which stands testament to our strategic vision to embrace a digital driven and pioneering mindset, so that we may adapt to customer needs tactfully. The past year has seen the launch of many products and services catalysed by market needs due to unprecedented circumstances.”
Recent achievements by BisB include becoming the first bank in the kingdom to bring in e-KYC technology, enabling documentation verification procedures to be completed digitally, facilitating swift paperless transactions; the launch of online account opening for its corporate customers via its application through a selfie, enabling customers to open an account within minutes.
BisB introduced self-service kiosks across all branches and financial malls – available for use 24/7 – allowing existing and new customers to open accounts without the need for human intervention.
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