Strategic & Business Overview
Founded in 2004 and headquartered in Bahrain, Bank Alkhair is an Islamic wholesale bank, with an international presence in Saudi Arabia, Malaysia and Turkey. Bank Alkhair seeks to deliver exceptional value to clients and shareholders through a focus on innovation, professionalism and integrity – the shared values that drive the Bank’s endeavour to be a leading global provider of Shari’ah-compliant financial services.
All Bank Alkhair products and transactions are governed by two essential principles: that they fully comply with Shari’ah principles; and that they are benchmarked against international financial best practices. The Bank Alkhair Shari’ah Supervisory Board ensures that all investment policies, structures, products and financial services and activities that the Bank is involved in are in conformity with Shari’ah principles, while the Bank’s stringent corporate governance standards ensure that the Bank, its directors and its employees follow the highest standards of ethical conduct and adhere to the principles of fairness, transparency, accountability and responsibility in all day-to-day operations.
Bank Alkhair has completed several landmark transactions since its inception, including the establishment of t’azur, a regional Takaful company; the acquisition of Bahrain Financing Company, the oldest and one of the leading foreign exchange and remittance houses in the GCC; and the successful launch of the Strategic Acquisition Fund, a fund established to acquire strategic stakes in commercial banks globally. The Bank has received widespread industry recognition for excellence and vision.