Latest news with #KhaleejiBank
Zawya
6 days ago
- Business
- Zawya
Khaleeji Bank organises CBB field visit for Banking Gateway Program participants and interns
Manama, Kingdom of Bahrain: Khaleeji Bank, one of the leading Islamic banks in the Kingdom of Bahrain, has arranged an educational field visit to the Central Bank of Bahrain (CBB) for participants of its Banking Gateway Program, as well as university students under its annual Internship Program for the year 2025. This initiative aims to provide a comprehensive training experience that combines theoretical and practical knowledge. During the visit, CBB officials welcomed the trainees and provided an overview of the bank's vital role in maintaining financial and currency stability within the Kingdom, which includes reserve management and stability measures. The students also toured the Currency Museum and received briefings from staff across various departments, gaining insights into the daily operations of the bank. This initiative aligns with Khaleeji's commitment to nurturing young national talent and preparing them to enter the labour market. By incorporating field visits into its training programs, the bank aims to deepen participants' practical knowledge of Bahrain's financial infrastructure while developing their professional skills. The participants have expressed appreciation for this valuable initiative, affirming that it enriched their training experience and broadened their understanding of banking operations at the national level. Ms. Fatima Ahmed Al Bin Ali, Head of Human Resources at Khaleeji Bank, commented 'At Khaleeji, we believe that a comprehensive training experience extends beyond the workplace. Organising qualitative field visits allows students to gain firsthand exposure to key financial institutions, such as the CBB, opening new horizons for their professional development.' She added 'Empowering our national talent starts with providing real opportunities to learn from relevant institutions. We are proud of the positive feedback from the participants and remain committed to continuously enhancing our training programs to meet their ambitions and the needs of Bahrain's evolving labour market.' Khaleeji is a leading Islamic Bank that strives to achieve clients' ambitions through an Islamic Banking model that offers a comprehensive range of high quality Shari'a-complaint banking services and investment opportunities to individuals and companies. Visit Khaleeji Bank's website at and follow the bank's social media accounts for the latest news and offers: Instagram, Facebook, LinkedIn, YouTube, and the X platform.
Zawya
10-08-2025
- Business
- Zawya
Khaleeji Bank launches 2025 internship programme for university students
Manama, Kingdom of Bahrain: As part of its ongoing commitment to empowering Bahraini youth and preparing them for successful careers, Khaleeji Bank, one of the leading Islamic banks in the Kingdom of Bahrain, announced the 2025 edition of its annual internship programme. The initiative welcomed a new cohort of students from various universities in the Kingdom of Bahrain and abroad. The internship represents an extension of the bank's efforts to engage university students by offering a comprehensive programme that combines theoretical knowledge with practical experience. Participants gain firsthand exposure to the banking environment and acquire essential skills and insights to confidently transition into their professional journeys after graduation. This year, 40 students participated in the programme, undertaking training across various departments within the bank, under the supervision of seasoned professionals keen to provide an interactive and enriching learning experience. Since its inception in 2004, Khaleeji Bank's pioneering internship programme has comprised a core annual initiative. It reflects the bank's strategic approach to cultivating young talent and equipping them with practical skills that enhance their readiness to enter the labour market, in alignment with Bahrain's vision to support the sustainable growth of the national economy. Ms Fatima Ahmed Al Bin Ali, Head of Human Resources at Khaleeji Bank, stated, 'We are proud to continue offering this valuable internship programme year after year. It underscores our commitment to social responsibility and our dedication to developing the capabilities of our national workforce, enabling them to contribute to the advancement of Bahrain's banking sector.' She added, 'At Khaleeji Bank, we believe that practical training is a necessary bridge connecting university education with the needs of the labour market. Through this programme, we aim to provide students with meaningful hands-on experience alongside our team in a manner that develops their skills, broadens their understanding, and prepares them for successful future careers in banking.' Khaleeji is a leading Islamic Bank that strives to achieve clients' ambitions through an Islamic Banking model that offers a comprehensive range of high quality Shari'a-complaint banking services and investment opportunities to individuals and companies.
Zawya
07-08-2025
- Business
- Zawya
Bahrain: Khaleeji Bank posts 11.3% rise in net profit
Bahrain - Khaleeji Bank has announced its financial results for the second quarter of 2025, reporting net profit attributable to shareholders of BD2.371 million, compared with BD2.130m in the same period last year, an increase of 11.31 per cent. Earnings per share were 2.19 fils for the period, compared with 2.24 fils for the corresponding period of the previous year. Total comprehensive income attributable to the parent's shareholders for Q2 2025 amounted to BD2.489m, versus BD1.913m in the same period last year, up 30.11pc. Total income for Q2 2025 reached BD12.9m, compared with BD11.674m in the same period last year, an increase of 10.50pc. For the six‑month period ended June 30, 2025, the bank reported net profit attributable to shareholders of BD5.614m, compared with BD5.138m for the first half of last year, an increase of 9.26pc, mainly driven by higher income from financing contracts. Earnings per share for the period ended June 30, 2025 were 5.18 fils, compared with 5.41 fils in the same period of the previous year. Total comprehensive income attributable to the parent's shareholders for H1 2025 reached BD6.132m, versus BD4.838m in the same period last year, an increase of 26.75pc. Total income for H1 2025 amounted to BD27.969m, compared with BD24.576m in the same period last year, up 13.81pc. Total owners' equity as at June 30, 2025 increased by 0.3pc to BD129.033m, compared with BD128.647m as of end-2024. Total assets as at June 30, 2025 rose by 9.03pc to BD1,631.234m, compared with BD1,496.129m as at end-2024. The financial results also showed an increase in investments in sukuk by 9.88pc to BD551.770m, compared with BD502.139m as of end-2024, while financing contracts rose by 13.46pc to BD818.267m compared with BD721.167m as of end-2024. Commenting on the results, Khaleeji Bank chairman Yusuf Abdullah Taqi said: 'The positive results achieved during the first half of 2025 underscore the resilience of our business model and our ability to generate value even amid a volatile economic environment. We continued to grow revenues from financing contracts and enhancing asset quality, resulting in higher net profit, supported by prudent risk management policies and financial discipline that cement the bank's position as a leading Islamic financial institution.' He added: 'During the second half of the year, we intend to continue executing our ambitious strategy, centred on adopting the latest advances in digital transformation, expanding and diversifying our services to enhance the quality of our clients' experience and meet their evolving expectations, while focusing on financing sectors that support Vision 2030 and strengthening our Sharia‑compliant solutions within the kingdom and beyond. We will also maintain strong liquidity and capital, as well as uphold the highest standards of governance and transparency, enabling us to deliver sustainable returns and rewarding distributions, reinforce shareholder confidence, and ensure long‑term value creation for all stakeholders.' For his part, Khaleeji Bank chief executive Sattam Algosaibi said: 'The strong financial performance in the first half of 2025 reflects the systematic progress in executing the bank's strategy, which is based on achieving sustainable growth and maximising operational efficiency, thereby bolstering our position as an advanced and integrated financial institution in the Bahraini banking landscape. Our efforts during this period focused on implementing innovative digital programs and expanding our range of banking products, supported by an advanced technological infrastructure that aligns with the changing aspirations and evolving financial behaviour of our clients.' He added: 'We have made tangible progress in our digital transformation paths by developing our electronic platforms and elevating our self-service channels, leveraging modern technologies and data analytics to provide a smart and personalised banking experience that considers client needs and accelerates financing procedures, with full commitment to the provisions of Islamic Sharia.' Mr Algosaibi further said: 'Regarding internal management, we have worked on improving operational efficiency indicators and upgrading the governance of banking operations in line with international best practices and the regulatory standards issued by the Central Bank of Bahrain (CBB), alongside introducing training programs aimed at developing Bahraini competencies and preparing them for future leadership. 'We have also strengthened the corporate risk framework and linked operational decisions to advanced financial models that support business forecasting and hedging. This has helped us maintain high liquidity levels and solid asset quality, while also expanding into productive financing and strategic sectors linked to Vision 2030. 'On the community front, the bank has continued to play its national role through quality initiatives in the fields of education, sports, entrepreneurship, and financial inclusion, thereby enhancing the shared value between us and the community. These achievements have resulted in Khaleeji receiving prestigious local and regional banking awards, reflecting our continued leadership and excellence in providing Sharia-compliant financial solutions with a tangible and positive impact.' Mr Algosaibi concluded: 'We are proud of what has been achieved and are committed to moving forward on the path of development and innovation, ensuring sustainable returns for our shareholders, cementing client confidence, and solidifying Khaleeji's position as a modern banking institution that is flexible and capable of keeping pace with future transformations in the financial industry.'
Zawya
06-08-2025
- Business
- Zawya
Khaleeji Bank reports net profit attributable to shareholders of BD5.614mln for H1 2025
Manama, the Kingdom of Bahrain: Khaleeji Bank (Trading Code: KHALEEJI) has announced its financial results for the second quarter of 2025, reporting net profit attributable to shareholders of BD 2.371 million, compared with BD 2.130 million in the same period last year, an increase of 11.31%. Earnings per share were 2.19 Fils for the period, compared with 2.24 Fils for the corresponding period of the previous year. Total comprehensive income attributable to the parent's shareholders for Q2 2025 amounted to BD 2.489 million, versus BD 1.913 million in the same period last year, up 30.11%. Total income for Q2 2025 reached BD 12.900 million, compared with BD 11.674 million in the same period last year, an increase of 10.50%. For the six‑month period ended 30th June 2025, the Bank reported net profit attributable to shareholders of BD 5.614 million, compared with BD 5.138 million for the first half of last year, an increase of 9.26%, mainly driven by higher income from financing contracts. Earnings per share for the period ended 30th June 2025 were 5.18 Fils, compared with 5.41 Fils in the same period of the previous year. Total comprehensive income attributable to the parent's shareholders for H1 2025 reached BD 6.132 million, versus BD 4.838 million in the same period last year, an increase of 26.75%. Total income for H1 2025 amounted to BD 27.969 million, compared with BD 24.576 million in the same period last year, up 13.81%. Total owners' equity as at 30th June 2025 increased by 0.3% to BD 129.033 million, compared with BD 128.647 million as at 31st December 2024. Total assets as at 30th June 2025 rose by 9.03% to BD 1,631.234 million, compared with BD 1,496.129 million as at 31st December 2024. The financial results also showed an increase in investments in sukuk by 9.88% to BD 551.770 million, compared with BD 502.139 million as at 31st December 2024, while financing contracts rose by 13.46% to BD 818.267 million, compared with BD 721.167 million as at 31st December 2024. Commenting on the results, Mr. Yusuf Abdullah Taqi, Chairman of Khaleeji Bank's Board of Directors, said 'The positive results achieved during the first half of 2025 underscore the resilience of our business model and our ability to generate value even amid a volatile economic environment. We continued to grow revenues from financing contracts and enhancing asset quality, resulting in higher net profit, supported by prudent risk management policies and financial discipline that cement the Bank's position as a leading Islamic financial institution.' He added 'During the second half of the year, we intend to continue executing our ambitious strategy, centerd on adopting the latest advances in digital transformation, expanding and diversifying our services to enhance the quality of our clients' experience and meet their evolving expectations, while focusing on financing sectors that support Bahrain's Economic Vision 2030 and strengthening our Shari'a‑compliant solutions within the Kingdom and beyond. We will also maintain strong liquidity and capital, as well as uphold the highest standards of governance and transparency, enabling us to deliver sustainable returns and rewarding distributions, reinforce shareholder confidence, and ensure long‑term value creation for all stakeholders.' For his part, Mr. Sattam Sulaiman Algosaibi, Chief Executive Officer of Khaleeji Bank, said "The strong financial performance in the first half of 2025 reflects the systematic progress in executing the Bank's strategy, which is based on achieving sustainable growth and maximizing operational efficiency, thereby bolstering our position as an advanced and integrated financial institution in the Bahraini banking landscape. Our efforts during this period focused on implementing innovative digital programs and expanding our range of banking products, supported by an advanced technological infrastructure that aligns with the changing aspirations and evolving financial behaviour of our clients." He further explained "We have made tangible progress in our digital transformation paths by developing our electronic platforms and elevating our self-service channels, leveraging modern technologies and data analytics to provide a smart and personalised banking experience that considers client needs and accelerates financing procedures, with full commitment to the provisions of Islamic Shari'a." "Regarding internal management, we have worked on improving operational efficiency indicators and upgrading the governance of banking operations in line with international best practices and the regulatory standards issued by the Central Bank of Bahrain (CBB), alongside introducing training programs aimed at developing Bahraini competencies and preparing them for future leadership." "We have also strengthened the corporate risk framework and linked operational decisions to advanced financial models that support business forecasting and hedging. This has helped us maintain high liquidity levels and solid asset quality, while also expanding into productive financing and strategic sectors linked to Bahrain's Economic Vision 2030." "On the community front, the Bank has continued to play its national role through quality initiatives in the fields of education, sports, entrepreneurship, and financial inclusion, thereby enhancing the shared value between us and the community. These achievements have resulted in Khaleeji receiving prestigious local and regional banking awards, reflecting our continued leadership and excellence in providing Shari'a-compliant financial solutions with a tangible and positive impact." Mr. Algosaibi concluded "We are proud of what has been achieved and are committed to moving forward on the path of development and innovation, ensuring sustainable returns for our shareholders, cementing client confidence, and solidifying Khaleeji's position as a modern banking institution that is flexible and capable of keeping pace with future transformations in the financial industry." Khaleeji Bank is a leading Islamic Bank that strives to achieve clients' ambitions through an Islamic Banking model that offers a comprehensive range of high quality Shari'a-complaint banking services and investment opportunities to individuals and companies.
Biz Bahrain
01-08-2025
- Business
- Biz Bahrain
Khaleeji Bank announces exclusive offers for clients applying to transfer their credit card balances
Khaleeji Bank, one of the leading Islamic Banks in the Kingdom of Bahrain, has recently announced an exclusive, limited time package of privileges for clients who apply to transfer their credit card balances to Khaleeji. Through this offer, Khaleeji will waive its profit for six months, reducing the profit rate to 0% when transferring credit card balances, with the opportunity to benefit from a cashback rate of up to 3%. The offer also includes unlimited complimentary air miles with Gulf Air, the national carrier of the Kingdom of Bahrain, together with exclusive discounts at more than 100 outlets. Khaleeji invites interested clients to avail these benefits and apply via the Khaleeji App, through the Bank's website, or by visiting any branch during the campaign's period. Khaleeji also reaffirmed that its credit cards are Shari'a-compliant and remains committed to providing innovative financial solutions that meet clients' needs and complement their modern lifestyles. Commenting on the occasion, Ms. Ameera Ahmed Al Abbasi, Head of Retail Banking at Khaleeji Bank, said 'We are pleased to launch this exclusive and unique offer among Islamic banks for credit card balance transfers, allowing clients to benefit from the bank waiving its profit for six months, so the profit rate becomes 0%, cashback of up to 3%, and unlimited air miles with Gulf Air, in addition to wide-ranging discounts when transferring their credit card balances to Khaleeji. This reflects our commitment to delivering innovative solutions that are fully aligned with the principles of Islamic Shari'a and meet our valued clients' ambition.' She added 'Khaleeji remains committed to rolling out high-value offers that reinforce its leading position in Islamic banking, while delivering real value and a safe, flexible banking experience that suits our clients' lifestyles and supports their future financial goals. We are delighted to invite all current and new clients to seize this limited time opportunity and take advantage of these privileges.' Khaleeji is a leading Islamic Bank that strives to achieve clients' ambitions through an Islamic Banking model that offers a comprehensive range of high quality Shari'a-complaint banking services and investment opportunities to individuals and companies.
