Whois & Analysis for ithmaarbank.com

Ithmaar Bank B.S.C.

is a Bahrain-based licensed Islamic retail bank, regulated by the Central Bank of Bahrain, that provides Sharia-compliant retail, commercial, treasury and other banking services.

Bahrain, officially the Kingdom of Bahrain ('), is a small Arab monarchy in the Persian Gulf.

It is an island country consisting of a small archipelago centered around Bahrain Island, situated between the Qatar peninsula and the north eastern coast of Saudi Arabia, to which it is connected by the King Fahd Causeway.

Bahrain's population is 1,234,567 (c.

2010), including 666,172 non-nationals.

It is 780 km2 in size, making it the third smallest nation in Asia after the Maldives and Singapore.

A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services, based on the cardholder's promise to the card issuer to pay them for the amounts so paid plus other agreed charges.

The card issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.

Islamic banking is banking or banking activity that is consistent with the principles of sharia (Islamic law) and its practical application through the development of Islamic economics.

As such, a more correct term for Islamic banking is sharia-compliant finance.

A bank is a financial institution that accepts deposits from the public and creates credit.

Lending activities can be performed either directly or indirectly through capital markets.

Due to their importance in the financial stability of a country, banks are highly regulated in most countries.

Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities.

In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.