Bahrain has an excellent network of Financial Institutions and being considered as a financial hub in the Arab region by accommodating more than 400 financial institutions and insurance companies. Yet, such institutions are providing funds only for formal businesses mostly with collateral and guarantees. Thus, there is a need for a financial player to meet the gap of low income families/entrepreneurs who have yet commercial registration, they have neither collateral nor guarantees.

In the meanwhile, there is a strong need to have Islamic microfinance
services which should comply 100% with Sharia. Therefore, It was in the 1980s that the concept of “Microfinance” or “Microcredit” first caught the attention of the world.

Microfinance means providing financial services to poor and needy people (low income families) and those largely considered “unbankable”. Consequently, and needless to say, the microfinance industry provides financial services for micro-entrepreneurs, small-business owners and other individuals who otherwise lack access to formal banking and related services. Here is where the Family bank can play a big and vital role to guide and maintain programs that aim to enhancing the living conditions of needy families by providing financial channels for obtaining the required support. The Bank has contributed within the last four years of incorporation In improving the income level of hundreds of individuals and families with limited income, through funding their ideas, projects to generate more income and contribute to the development of their living conditions. The succeeded in providing Sharia compliant finances and saving more than 1400 Bahraini micro-entrepreneurs, add to the establishment of many partnerships and agreements with Non-Governmental Organizations, development institutions and other stakeholders in order to develop the Bank’s work and expand the circle of beneficiaries.