IslamicFinance.de

Bahrain's Family Bank has opened its new headquarters in the Diplomatic Area of Manama. The ceremony was attended by the bank’s board members, chief executives of contributing banks and economic personalities. The establishment of the Family Bank as a first social bank in Bahrain in 2010 aimed to boost the social security network by the activation of a micro loan-giving mechanism. The bank was set up through partnership between the Labour and Social Development Ministry, the Royal Charity Organisation, the Bank of Bahrain and Kuwait (BBK), Ithmaar Bank, Ahli United Bank and Kuwait Finance House (KFH). It won Shaikh Mohammed bin Rashid Al Maktoum’s award for supporting youth projects in 2013.