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KHALEEJI COMMERCIAL BANK WINS TWO PRESTIGIOUS AWARDS FOR EASY 36 AND I‘TEMAN


KHALEEJI COMMERCIAL BANK WINS TWO PRESTIGIOUS AWARDS FOR EASY 36 AND I‘TEMAN


Al Meer:
• The bank’s services stem from the bank’s commitment to provide Islamic financing solutions.
• KHCB is steadily progressing to enforce its position amidst Islamic banks in the Kingdom. 

Manama, Kingdom of Bahrain, 28th August 2016: Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in the Kingdom of Bahrain, continues to receive distinctive awards. They were recently presented two honorable awards by the well- renowned Global Banking & Finance Review, a leading financial portal and print magazine offering news, reviews and more from the world of banking, Finance, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, and Asset & Wealth Management.

KHCB received the award ‘Best Islamic Credit Card Program (Easy 36). In addition to the ‘Best Islamic Banking Product (I’teman Account) in Bahrain. The two awards were granted to the bank because of their unified efforts as well as the accomplished financial results and the deeply-rooted and well-integrated team work in developing unique and pioneering financial products and services, thus providing customers with a matchless banking experience.  The Easy 36 credit card is considered one of the best products that has been a great turnout since its inception. This credit card works as part of the VISA network and offers several benefits to the holders like easy payment for both local and international purchases through equal monthly installments, distributed over 36 months.

The customer can also use this (Easy 36) credit card for various other purposes such as paying for student fees, travel expenses and for the purchase of home appliances and electronics. Easy 36 is a financial solution which is Shari’a compliant and functions well with Islamic finance. All transactions purchased through the credit card will be repaid over 36 equal monthly. Easy 36 Credit Card also provides travel insurance for primary and supplementary cards, including provision of a supplementary card for relatives upon request. 

On the other hand, I’teman account was launched in 2015. It specializes in corporate funding. This account is compliant with Shari’a principles and works as an alternative to the conventional overdraft. This inventive product provides corporate customers with a revolving credit limit. Through this account, businesses can manage their cash flows, general expenses and recognise any potential mismatches, in addition to also offering customer comfort of being able to have a standby reserve of emergency cash on hand, transfer through telex, money transfers upon request and various other financial benefits. 

On this occasion, Mr. Khalil Ismael Al Meer, CEO of KHCB, stated: "KHCB strives to provide the best banking products and services that meet the customer’s aspirations and caters to their needs. These awards confirm our commitment to providing the best and latest innovative products and services to our clients”

Mr. Al Meer continue “I want to take this opportunity to extend my thanks and gratitude to our clients, because this achievement would not have been possible without their kind support for us. Moreover, I would like to seize this opportunity to thank the staff, who work tirelessly and relentlessly in order to secure the best services with the highest quality for the customers of the bank."

 “These innovative banking services come as part of KHCB’s vision to provide Islamic financial solutions. Easy 36 and I’teman account reflect our constant innovation and determination to provide an easy, flexible and comforting banking experience to all our customers. Through this, the bank endeavors to enforce its position as a pioneering banking service provider for individuals and companies in the Kingdom of Bahrain. We are looking forward to bringing more innovative products and services to the country which will undoubtedly be in the customers’ best interest.” Mr. Al Meer added.

Steady Steps to Strengthen Its Position amongst the Islamic Banks in the Kingdom:

KHCB is working steadily towards strengthening its position as the pioneering Islamic Bank in the Kingdom and confirms this by receiving a variety of prestigious awards during the first- half of 2016. KHCB received the award "the fastest growing bank in Bahrain" granted by CPI Financial Banker Middle East and Africa, in addition to being named amongst the Top 4 Best CEOs in the Middle East, the first in the Kingdom of Bahrain. The CEO of KHCB was named amongst the top 4, in a list with 100 best performing Managers and Chief Executive Officers in the GCC and Arab countries, announced by the Trends Magazine and Insead Business School.

These awards come as a result of the strong financial results and the deeply-rooted growth achieved by the bank during the last period including the net income, liabilities, revenues, return on equity and return on assets.

Khaleeji Commercial Bank BSC is a Bahrain based Islamic retail bank offering a wide range of high quality Shari'a compliant banking and Investment products and services to retail and high-net-worth clients and corporate customers. It is a public Bahraini shareholding company listed in Bahrain Bourse. The bank remains focused on its local market by offering innovative products and services to its customer base through enhanced electronic channels.