Bahrain Islamic Bank launches the service of opening multi-currency accounts digitally for companies

Bahrain Islamic Bank BisB, the leading bank in providing innovative and simplified Islamic financial services in the Kingdom of Bahrain, launched the service of opening multi-currency accounts directly for its current customers from the corporate sector and small and medium enterprises, through the Al Islami digital banking platform. This new digital solution allows customers to open three types of accounts: a current account, a savings account, and a call account, through fully automated digital steps. When this service is activated, users can open accounts in simplified steps, and choose the desired product and currency without needing any support or assistance from their banking relationship manager.

In order to meet the needs of the business sector, customers can open accounts in different currencies, namely: the Bahraini dinar, the US dollar, the Saudi riyal, the euro, the British pound, the Emirati dirham, the Swiss franc, and the Kuwaiti dinar. This flexibility gives businesses the ability to manage their finances across multiple currencies, in line with their operational and financial needs.

Acting Chief Executive Officer of Corporate and Institutional Banking at Bahrain Islamic Bank, Yousef Engineer, said: “This new service reflects our commitment to simplifying banking services for our corporate customers. By allowing them to open accounts in multiple currencies, we not only help them save time, but also give them greater control and flexibility in managing their financial affairs. Our corporate customers often need to open several accounts in different currencies to support… Cross-border funds transfers, or the allocation of funds to specific business units. Thanks to the launch of this new solution, they can do this instantly and securely, without having to leave their offices. From this standpoint, this feature is a milestone step in our journey towards enriching the experience of our valued customers with smart, reliable and easy digital services that meet their operational needs and aspirations.”

This initiative represents another achievement in Bahrain Islamic Bank’s ongoing efforts to improve the banking experience for customers, in terms of providing self-service banking solutions that provide absolute comfort and ease. The bank continues its leadership in providing value-added digital solutions, specifically designed to meet the needs of the corporate sector and small and medium enterprises in the Kingdom of Bahrain.