Khaleeji Bank Launches Visa+ Mobile Money Transfer Service Across the GCC Countries
Khaleeji Bank remains a pioneering Islamic financial institution in Bahrain, committed to delivering a comprehensive range of high-quality banking services and Sharia-compliant investment opportunities for individuals and businesses alike.
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The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities has been oversubscribed by 135%. Subscriptions worth BD 67.603 million were received for the BD 50 million issue, which carries a maturity of 91 days. The expected return on the issue, which begins on August 13 and matures on November 12, is 5.39% compared to 5.42 of the previous issue on July 9. The Sukuk Al-Salam are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This is issue No.292 (BH000772X055) of the short-term Sukuk Al-Salam series.
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Al Baraka Islamic Bank Announces Expansion of Cash Prizes for 'Al Barakat' Account to a Total of USD 6 Million in 2025
Al Baraka Islamic Bank, one of the leading Islamic banks in the Kingdom of Bahrain, has announced an increase in the valuable cash prizes under Al Barakat Account prize scheme through year-end under the theme 'The Door of Al Barakat is now bigger', bringing total cash prizes to USD 6 million during 2025. This reflects the Bank's commitment to offering customers greater chances to win and achieve their aspirations. The first draw will take place on September 30, 2025, with 13 cash prizes totalling USD 350,000, including three grand prizes of USD 100,000 each. The second draw will follow in November 2025, offering 16 cash prizes totalling USD 250,000, including two prizes of USD 100,000 each. Al Barakat will conclude 2025 with a massive draw in early 2026, offering its customers unprecedented prizes totaling USD one million, which will be awarded to 11 winners, including 750,000 US dollars to be distributed among three winners. Commenting on the occasion, Mr. Mazin Dhaif, Chief Retail Officer at Al Baraka Islamic Bank, said: 'At Al Baraka Islamic Bank, we remain committed to providing rewarding, Shari'ah-compliant banking solutions, and the expansion of the Al Barakat Account prize programme is a key step in this direction. By diversifying and increasing prize tiers and holding multiple draws, we enhance our customers' chances of winning and encourage them to save and invest with confidence.' He added: 'We are pleased to invite all our valued customers to participate and grow their savings with Al Barakat. We wish everyone the best of luck in benefiting from the valuable winning opportunities as 'The Door of Al Barakat Just Widened', while we continue to enhance our services to deliver outstanding banking experiences that meet diverse needs and support our customers' financial ambitions.' The Al Barakat Investment Account from Al Baraka Islamic Bank, which is Shari'ah-compliant, offers multiple opportunities to win amazing cash prizes throughout the investment period, with a minimum deposit of BD 50 or the equivalent of USD 135. Individuals of all nationalities aged 18 and above can open an Al Barakat Investment Account via Al Baraka Islamic Bank's mobile app without the need to visit a branch. Accounts for those under 18 can be opened by their parents or legal guardians. Al Baraka Islamic Bank is a leading Islamic bank in the Kingdom of Bahrain. Since its establishment in 1984, it has delivered outstanding results in operations and services for both individual and corporate clients. The bank has a proven track record of developing and providing innovative Shari'a-compliant investment solutions to a diverse global client base.
Daily Tribune
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Bahrain registers over 1,700 investment funds by Mid-2025
More than 1,700 investment funds were registered in Bahrain by mid-2025, most of them foreign. The figures point to the Kingdom's continued role as a booking centre for cross-border fund activity. Data from the Central Bank of Bahrain show that 1,733 funds had been licensed and recorded by the end of June. Of these, 60 were based locally. The rest, largely offshore, operate elsewhere but are registered in Bahrain under its financial laws. Together, the registered funds held around 11.269 billion US dollars in net assets as of March 2025. Foreign funds made up the bulk, with 1,673 entries showing a combined asset value of 6.858 billion dollars. These entities use Bahrain's legal framework but are usually managed abroad. Home-based funds were fewer in number. The local register included 51 public funds, with 27 following conventional models and 24 structured in line with Islamic finance. There were also 9 private funds, split between 5 conventional and 4 Islamic. In total, there were 158 Islamic investment funds on the register, local and offshore combined. They managed just over 2 billion dollars, according to March data. The demand for this type of fund has remained steady, especially in regional markets. The numbers suggest a diverse mix of fund structures and management types. Bahrain remains a familiar base for international and regional fund managers looking to serve both conventional and Islamic investors.
