Bahrain Islamic Bank Congratulates Mr. Wesam Baqer

Press release

Published July 16th, 2018 - 11:11 GMT

Mr. Wesam Baqer, Head of Corporate and Institutional Banking

Bahrain Islamic Bank (BisB), the leading provider of Shari’a-compliant integrated financial solutions in the Kingdom of Bahrain, recognizes the appointment of the bank’s Head of Corporate and Institutional Banking, Mr. Wesam Baqer, as a member of the Finance, Insurance and Tax Committee of the Board of Directors for the 29^th session of the Bahrain Chamber of Commerce and Industry (BCCI).

“We are proud of Mr. Wesam Baqer’s appointment, reflecting his past experience and achievements. We extend our sincere congratulations and wish him success in his Committee role,” said Mr. Hassan Jarrar, Chief Executive Officer of BisB,

Mr. Baqer stated, “I would like to extend my sincere thanks to the members of the Board of Directors of BCCI for giving me the opportunity to be part of the Finance, Insurance and Tax Committee. I look forward to working towards achieving the goals and vision of the BCCI.”

All heads and members of the committees were selected after auditing more than 800 applications received by the BCCI. By restructuring the committee, the BCCI aims to transform Bait Al Tijjar into a platform that serves traders with different backgrounds, ethnicities and orientations. This comes as part of the BCCI’s support of the government directives to position the Kingdom of Bahrain as a hub for financial and business services.

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.