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In 2016, Ahli United Bank started its operations in the UAE through Ahli United Bank Limited (AUBL) in DIFC, Dubai, under a category 1 license. [10] In 2018, Ahli United Bank signed an agreement with Bahrain’s labor fund, Tamkeen, to provide a BHD 40 million portfolio for subsidized financing to eligible medium and large-sized enterprises in ...
Ahli United Bank of Kuwait (AUBK) is a traditional bank founded in 1971, providing retail, private and corporate banking services with headquarters in Safat, Kuwait City. [1] Timeline: [2] 1941 - founded as the Imperial Bank of Persia, the first bank in Kuwait and affiliated to the British bank with a concession from the ruler Ahmad Al-Jaber Al ...
Arab Bank plc., Bahrain Arab Bank: 5 December 1960 Arab Bank arabbank.bh: Arab Banking Corporation (B.S.C) ila (Retail) Bank ABC (Wholesale) 25 December 1979 Central Bank of Libya: ilabank.com bank-abc.com: Allied Bank Limited, Wholesale Branch Allied Bank: 21 March 2011 Allied Bank Limited abl.com: Alubaf Arab International Bank (Bahrain) B.S ...
Initially providing commercial banking, the consumer banking arm of Citi Bahrain was launched in 1989. In 1996, Citi Bahrain became the first international institution to set up a separately capitalized Islamic bank. [2] In December 2022, the consumer business in Bahrain was sold to Ahli United Bank. [3] [4] [5]
Al Ahli United Bank (AUB) [10] - February 2024 - AUBK merged with Kuwait Finance House (KFH). [11] Officially removed from Islamic Bank list on 20 October 2024. Kuwait International Bank (K.S.C) (KIB) [ 12 ]
Citigroup decided to cease its operations from Qatar in 1987, allowing Ahli Bank to purchase all of its assets [2] and start operating as an autonomous entity. [3] Ahli United Bank, Bahrain's largest bank, was the largest shareholder in Ahli Bank. In 2012, Ahli United sold all but 1,000 shares of its stake in the bank. [4]
Bank Name [4] [5] Bank name (in Arabic) Head Office (in UAE) Headquarters Stock code (if applicable) [2] [3] National Bank of Bahrain: بنك البحرين الوطني Abu Dhabi Manama, Bahrain: BSB: NBB: Rafidain Bank: مصرف الرافدين Abu Dhabi Baghdad, Iraq: Arab Bank: البنك العربي Abu Dhabi Amman, Jordan: ASE: ARBK ...
In 2002, KFH opened its first branch in Bahrain and in 2005 KFH Malaysia was established, becoming the first Islamic bank to be granted a license in the county under the 1983 Islamic Banking Act. [ 7 ] [ 8 ] Since then, KFH and Kuveyt Turk have established a presence in the Kingdom of Saudi Arabia, Jordan, the UAE and Germany.