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Ithmaar Bank, the Glossary

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.^[1]

Bahrain

Bahrain (Two Seas, locally), officially the Kingdom of Bahrain, is an island country in West Asia.

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Bahrain Bourse

The Bahrain Bourse, also called the Bahrain Stock Exchange (BSE), is the stock exchange of Bahrain. Ithmaar Bank and Bahrain Bourse are companies based in Manama.

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Bahraini dinar

The dinar (دينار بحريني) (sign: or BD; code: BHD) is the currency of Bahrain.

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Bank

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.

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Bureau de change

A bureau de change (plural bureaux de change, both; British English) or currency exchange (American English) is a business where people can exchange one currency for another.

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Central Bank of Bahrain

The Central Bank of Bahrain (CBB) is the central bank of Bahrain. Ithmaar Bank and central Bank of Bahrain are Bahrain stubs and banks of Bahrain.

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Commercial bank

A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit.

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Credit card

A credit card is a payment card, usually issued by a bank, allowing its users to purchase goods or services or withdraw cash on credit.

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Dubai Financial Market

The Dubai Financial Market (DFM) (سوق دبي المالي) is a stock exchange located in Dubai, United Arab Emirates.

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Faysal Bank

Faysal Bank Limited (FBL) is a Pakistani Islamic bank headquartered in Karachi.

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Financial institution

A financial institution, sometimes called a banking institution, is a business entity that provides service as an intermediary for different types of financial monetary transactions.

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Financial services

Financial services are economic services tied to finance provided by financial institutions.

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Headquarters

Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated.

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Manama

Manama (الْمَنَامَة, Bahrani pronunciation) is the capital and largest city of Bahrain, with an approximate population of 200,000 as of 2020.

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Mortgage

A mortgage loan or simply mortgage, in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

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Private banking

Private banking is a general description for banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs) – those with very high income and/or substantial assets.

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Retail banking

Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate banking).

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Risk management

Risk management is the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.

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Sharia

Sharia (sharīʿah) is a body of religious law that forms a part of the Islamic tradition based on scriptures of Islam, particularly the Quran and hadith.

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Treasury

A treasury is either.

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Wealth management

Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families.

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References

[1] https://en.wikipedia.org/wiki/Ithmaar_Bank

Also known as Ithmaar.