MANAMA: Ithmaar Bank, a Bahrain-based Islamic retail bank, dismissed as inaccurate allegations being circulated as a voice recording on some social media platforms.
In a statement issued on Monday the Bank said it is initiating legal proceedings against the individual who made the allegations.
Ithmaar Bank B.S.C. (closed) (Ithmaar Bank) is a Bahrain-based Islamic retail bank that is licensed and regulated by the Central Bank of Bahrain and provides retail, commercial, treasury & financial institutions and other banking services.
Ithmaar Bank is a wholly owned subsidiary of Ithmaar Holding B.S.C. which is listed on the Bahrain Bourse, Boursa Kuwait and Dubai Financial Market.
Ithmaar Bank provides a diverse range of Sharia-compliant products and services that cater to the financing and investment needs of individuals and institutions. Ithmaar also maintains a presence in overseas markets through its subsidiary, Faysal Bank Limited (Pakistan).
