31 Oct 2015

MANAMA, BAHRAIN 31 October 2015 – Ithmaar Bank, a Bahrain-based Islamic retail bank, today signed a Memorandum of Understanding (MOU) with Aramex, one of the leading global logistics and transportation solutions providers, to offer Ithmaar Bank’s cardholders a discounted lifetime Aramex “Shop and Ship” membership, as well as exclusive discounts on shipping charges.

Aramex General Manager-Bahrain, Luai Alagha, and Ithmaar Bank General Manager, Retail and Private Banking, Abdul Hakeem Al Mutawa, signed the MOU at a ceremony held at the Ithmaar Bank headquarters in Seef.

As part of the agreement, Ithmaar Bank eCard and Credit Card holders now receive up to 10% discount on shipping charges from the Aramex’s “Shop and Ship” website ( by using special discount codes that are available at the Ithmaar Bank website ( Ithmaar Bank customers can also subscribe for a lifetime Aramex “Shop and Ship” membership at a heavily discounted cost of USD5 to USD 10 (reduced from USD45).

“With purchases made online, eCard and Credit Card holders will also accumulate Ithmaar Rewards loyalty points with each transaction,” said Al Mutawa. “This allows cardholders to redeem the points online and choose between 700 airlines, 150,000 hotels and car rental services,” he said.

“Ithmaar Bank is committed to becoming the region’s premier Islamic retail bank,” said Al Mutawa. “In line with that commitment, we are continuously improving our products and services to ensure we remain the Islamic retail bank of choice among the people of Bahrain. This agreement with Aramex, for example, provides Ithmaar Bank customers preferential discounts, enabling them to shop online and enjoy significant discounts on shipments,” he said.

“This agreement with Ithmaar Bank reaffirms Aramex’s commitment to further growing the e-commerce sector, both locally and globally. The partnership now provides more customers with a highly efficient and convenient online shopping solution. This is an example of how we are helping to better connect online shoppers to retailers from all corners of the world, which is directly in line with Aramex’s wider commitment to facilitate and enhance global trade,” said Aramex Chief E-Commerce Officer, Hassan Mikail.

Ithmaar Bank had earlier announced its’ new eCard, which offers unique features and benefits, including real-time top–ups through Ithmaar Bank’s eBanking or ePayment platforms, as well as a daily top-up and utilisation limit of BD10,000, and a minimum top-up of only BD1. The new eCard also allows users to join Bahrain’s most rewarding loyalty programme, Ithmaar Rewards, and accumulate loyalty points with each transaction to be redeemed online through the Bank’s website.

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