Solidarity and Shamil Bank honoured for outstanding contributions to society

Notes and media contacts

For further information please contact:

For more information please call Tariq Khonji on 00973 39901721 or Bassel Hanbali on 00973 39476543.

About Shamil Bank

Shamil Bank is a Bahrain-based, Islamic bank regulated by the Central Bank of Bahrain with commercial and investment banking licenses. It has grown steadily to become one of Bahrain's leading financial institutions.

Shamil Bank provides a diverse range of products and services that cater to the financing and investment needs of individuals and institutions. Conducting its business in compliance with the principles of Sharia'a, it operates a network of local branches and maintains a presence in overseas markets through its subsidiaries, associated and affiliated companies. Shamil Bank is listed on the Bahrain Stock Exchange.

Shamil Bank is a wholly owned subsidiary of Ithmaar Bank B.S.C., a full service investment bank.

About Solidarity:
Established as one of the Largest Takaful Companies in the world with $100m in paid up capital and $300m authorized capital, Solidarity provides Takaful products that comply with Islamic Sharia'h across the globe.

Solidarity is set to capitalize on the success of its opening years by continuing its expansion in to key international markets. To strengthen its current position and achieve the expansion strategy, Solidarity increased the authorized capital to $500m and the paid up capital to $150m.

Solidarity provides Islamic Financial Planning through a range of Family Takaful saving and investment plans with Takaful Protection Benefits ideally suited for education, retirement and wealth accumulation; in addition to Home Financing and other general Takaful protection products that include Motor, Property, Marine Employee Benefits (Medical) and other corporate/ business related protection such as Engineering, Liability, Director & Offices and others.

Solidarity has the resources to deliver unmatched risk management financial solutions, tailored to meet the needs of individuals, families and businesses.

About the Ithmaar banking group:

The Ithmaar banking group, through its subsidiaries and affiliates, covers a wide range of financial services including investment, commercial and private banking, private equity, private issue of securities, mergers and acquisitions advice, Takaful, equipment leasing and real estate development.