After 99 per cent profit increase announcement BIsB rewards staff with first time in Bahrain benefits

In his letters to the staff, Mr. Khalaf thanked the Chairman and Directors of the Board for their recent approval of the employee benefit proposals submitted by him to the Board. As a result, all BIsB employees without exception will enjoy the following benefits:

1. Life assurance
2. Interest and charge free Personal loans
3. A health club membership

The Bahrain Islamic Bank is the only bank in Bahrain providing these benefits as a single package to all staff.

Mr. Khalaf said in his letter that 2006 will have even better news for the employees, and he emphasized the importance of the team work in order to be able to compete and to face future challenges.

"We are looking forward to the launch of several incentive schemes, including the Smart Idea by which employees can make constructive suggestions for improving Bank processes, and the Banker of the Month through which winners will be rewarded for distinction and diligence", Mr. Khalaf explained.

He disclosed that the Bank's newsletter would be re-issued in a new format and out look and that a new website would be launched shortly. Further, a Saving Plan and other ideas are under consideration.

"All such benefits and facilities are provided for the employees who form our most valuable assets", the Chief Executive Officer concluded.