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Bahrain Islamic Bank (BisB) Introduces an All-New Service Enabling Customers to Withdraw Cash from ATMs Using Benefit Pay’

Bahrain Islamic Bank (BisB) announced the launch of a new service added to its ATMs at the end of March of this year, allowing customers to make cash withdrawals or balance inquiries using the Benefit Pay App on their personal android smartphones, wi

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Negotiating the Importance of Office Space’

Does working from home make us more effective? By Ms. Afnan Saleh, Chief of Human Resources By now, most of us are all too familiar with how the pandemic has forced us to adapt to new working conditions and adopt new ways of working. Faced with

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Tejoori First Grand Prize of 2021’

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BisB Launches the Riffa Innovation Hub ’

In line with its simplification through digitization strategy, Bahrain Islamic Bank (BisB) officially unveiled its completely revamped design for the Bank’s Financial Mall located in Riffa, revealing a completely new innovative design. Aptly named

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BisB Collaborates with Al Naseem International School to Introduce its Future Leaders Payment Solution to Students’

Bahrain Islamic Bank (BisB) recently announced the signing of a joint agreement with Al Naseem International School to launch its innovative payment solution, Future Leaders, to students as a payment method. The cashless payment service designed for

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BisB wins “Most Innovative Islamic Bank – Bahrain” at the International Finance 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 a

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The Rise of Authentic Communications’

How the ongoing pandemic has reinforced the importance of effective communications By Ali Hasan Duaij, Senior Manager, Corporate Communications at Bahrain Islamic Bank During times of uncertainty, emotions run high, and misinformation tends to

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Zakat Calculator

Zakat Calculator

As the third pillar of Islam, Zakat has a special place in Islamic banking. Our detailed calculator will take into account every asset you own and help in calculating your yearly payable Zakat.

Please enter the amount of cash you have in hand Zakat Payable
Please enter the amount of cash you have in your savings accounts at the bank
Pleasess enter the amount of cash you have in current accounts at the bank
Please enter the total amount of cash held in fixed deposits

Please enter the total weight and current price per gram of the 24 carat gold/jewellery you have. Zakat Payable
Please enter the total weight and current price per gram of the 22 carat gold/jewellery you have.
Please enter the total weight and current price per gram of the 18 carat gold/jewellery you have.
Please enter the total estimated value of any other gold valuables you have in your possession.

Please enter the net market value of all precious stones such as diamonds, rubies, etc. that you have in your possession.

Please Include Household Silver Utensils, Artefacts, and Jewelery. For Utensils, usually the silver is 90% pure so take 90% of the total weight.

Loans Receivable from Friends and Relatives.
Provident Fund Contribution to date.
Insurance Premiums including bonus up to date.
Value of Shares (stocks) including Dividends. Take their market value on the date of calculation.
Other Sources of Wealth.

Please enter the value of Landed Property held as an Investment / Business (Estimate the current Market Value).

Capital Balance as per Last balance Sheet.
Loans Advanced by you to the Firm as of Date.
Withdrawals made by you during the current Year.
Accumulated Profit from the date of Balance Sheet to this Date (Estimate the Profit Value as it is difficult to get exact figures in the middle of Accounting Year).

Produce Dependent on Rain Water at 10% of product (crop) in Value or Kind.
Produce totally dependent on Artificial Irrigation like Canal, Tank, Borewell, etc. at 5% of Produce (crop) in Value or in Kind.
Produce dependent Partially on Rain Water and Partially on Artificial Irrigation - 7.5% of the Produce Value or in Kind.

You need to deduct your direct Payables or Liabilities which are not deducted above Zakat Payable

Total Zakat Payable

BD

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BisB Launches a New Personal Financing Campaign and Opens All Financial Malls for 24/hours Straight ’

In line with its promise to simplify its customers money matters, Bahrain Islamic Bank (BisB) recently announced the launch of a brand-new personal financing campaign, which was kicked off by opening all of the Bank’s financial malls for a period of

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Nexcel’

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