BisB Launches Digital Account Opening Services to Active without license Sole Proprietorships and Sijili CR holders

14-December-2024

Bahrain Islamic Bank (BisB), the leading provider of innovative and simplified Islamic digital banking services in the Kingdom of Bahrain, has launched a new update to its Corporate Digital Onboarding service, enabling individual’s establishment, and “Sijili” CR holders, to easily open an account through BisB Corporate digital Banking platform.

This update comes as an addition to the previous digital services provided by the bank to the corporate sector, which are active/active without license companies, active sole proprietorships and “Sijili” CR holders.

The launch comes in line with the Ministry of Industry and Commerce’s (MOIC) new directive that requires all commercial establishments in Bahrain to open unified commercial bank accounts by 13th December 2024. Available through BisB’s digital platform, the onboarding process allows businesses to complete registration in under five minutes. Under formation letter is automatically issued and directly shared with the MOIC to make the activation of commercial registrations as quick and seamless as possible. In addition to facilitating the onboarding process, BisB offers a comprehensive suite of services that includes free access to corporate online banking, complimentary ATM cards, and various other services that simplify their financial management.

Mr. Aqeel Mohammed Ghaith, Chief Corporate & Institutional Banking Officer said, “We are proud to support the MOIC’s efforts in modernising Bahrain’s business landscape by offering cutting-edge digital banking solutions. The initiative underscores our dedication to empowering enterprises with Sharia’a compliant services that facilitate growth and success in an ever-evolving economic environment.”

BisB’s recognition as Bahrain’s ‘Most Innovative Islamic Bank in Digital Corporate & Institutional Banking’ at the 2024 World Business Outlook Awards, reinforces its role as a pioneer in the sector’s technological transformation. With over 80% of its business customers registered with BisB Corporate Digital Banking; %96 of its business transactions conducted through digital channel, the Bank is well-positioned to serve the diverse needs of its corporate clientele and foster financial inclusivity across Bahrain.

For more information about BisB’s corporate onboarding services, please log on to https://ebisb.com/, visit any of the Bank’s eight branches, call the contact centre at 17515151, or follow the Instagram page @bahrainislamicbank.