BisB wins Most Innovative Islamic Bank – Bahrain awards

BisB wins Most Innovative Islamic Bank – Bahrain awards

Bahrain Islamic Bank (BisB) announced that it has recently emerged as the winner of the prestigious awards for “Most Innovative Islamic Bank” in Bahrain, for the year 2021 from the International Finance Magazine (IFM), a publication that recognises and honours pioneering organisations. This award stands testament to the bank’s ongoing commitment to developing its Shari’a complaint products and services with an innovative approach, and a digitization strategy to simplify customers’ money matters. It is with BisB’s continuous efforts to enhance the customer experience through the introduction of innovative products and services throughout the year, that this has been achieved. Most notably, being the first bank in the Kingdom to usher in Know Your Customer (E-KYC) technology, enabling documentation verification procedures to be completed digitally, facilitating swift paperless transactions. The year also saw the launch of online account opening for its corporate customers via its application through a selfie, enabling customers to open an account within minutes. Additionally, BisB introduced self-service kiosks across all branches and financial malls in, available for use 24/7 – allowing existing and new customers to open accounts without the need for human intervention. Commenting on the occasion, BisB Chief Executive Officer, Mr. Hassan Jarrar stated, “It