back Back

Ithmaar Bank launches advanced salary service for mobile app users

By Leandra Monteiro

April 06, 2021

  • Bahrain
  • Ithmaar
Share

Ithmaar. Ithmaar Bank, advanced salary, Islamic retail bank, Bahrain, mobile appBahrain-based Islamic retail bank, Ithmaar Bank’s customers can now get their net salary fifteen days in advance, instantly and directly from their mobile phones, by using the Bank’s dedicated mobile app.

The new service was launched as part of the Bank’s digital transformation strategy. It uses new age technology to automate the entire process, from the initial application through to the review, evaluation, approval and even disbursement of funds. In doing so, it provides a fast and efficient solution to customers and demonstrates the dramatic potential of using technology to enhance banking services.

The fully automated service offers customers a Sharia-complaint solution that addresses their needs. It is available exclusively to Ithmaar Bank mobile app users for employees working in companies who are on the Bank’s approved employer list, have their salaries transferred to the Bank or have a current financing facility with Ithmaar Bank. It was developed entirely in-house with a particular focus on the user experience.

“In line with our commitment to becoming one of the region’s leading Islamic retail banks, Ithmaar Bank’s business model is customer-centric with an ongoing objective to exceed expectations by focusing on innovation and a high level of efficiency,” said Ithmaar Bank Deputy Chief Executive Officer, Abdul Hakeem Al Mutawa. “Developing an innovative new service exclusively on the mobile application is part of our commitment to becoming the retail bank of choice and to realising our customer’s demands and expectations,” he added

He went on to say, “The all-new service was developed in direct response to our customers’ demands, and underscores how seriously we take their feedback,” said Al Mutawa. “We have invested in new technologies that will reduce waiting and turnaround times for customers to conduct their banking services seamlessly, while implementing state-of-the-art security systems that maintain the confidentiality of private information.”

“As we are still facing the pandemic, customers have turned to digital platforms to conduct their transactions and expect immediate and anytime access to all banking services. The advanced salary service will help satisfy customers’ short-term financial needs in a quick, easy and hassle-free manner. Furthermore, as the holy month of Ramadan is right around the corner, the launch of this new service coincides at a perfect time for our customers to manage their financial and household needs,” he said.

Previous Article

April 06, 2021

Worldline boosts digital transformation with its new AXIUM platform

Read More
Next Article

April 06, 2021

Verein Kinderhilfswerk enables cash payment option with Paysafecash

Read More










IBSi Daily News Analysis

June 09, 2023

Bahrain

There is no ESG strategy in place for almost half of the European SMEs, study reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 08, 2023

Beyon Money launches Flexi Savings in partnership with SICO

Read More

June 08, 2023

North East Small Finance Bank live on M2P’s Core Banking tech

Read More

June 07, 2023

Dubai Islamic Bank selects IBM Consulting to accelerate data transformation

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q1 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2023

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q1 2023

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q1 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022