BisB announces deferral programme

TDT | Manama

Email: mail@newsofbahrain.com

In line with the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, and the guidelines issued by the Central Bank of Bahrain (CBB), Bahrain Islamic Bank (BisB) has announced a three-month payment deferral programme for financing facilities and credit cards for both individual and corporate clients.

The programme applies to upcoming due instalments effective from 19th of April 2026 and is intended to provide immediate liquidity and help ease financial burden on customers, as part of the national measures to support the economy. Participation in the programme requires customers to submit a request through the designated portal and confirm their consent, in line with the Central Bank of Bahrain (CBB) guidelines.  

The Bank will continue to apply profit on the outstanding balance during the deferral period, in accordance with the contractually existing profit rate. There will be no change to the monthly instalment amount; however, the financing tenor will be extended to accommodate the deferment Individual customers can benefit from the programme by submitting their applications between 23rd April and 26th April 2026. They are required to access the dedicated link available on BisB’s official website during the stated period, log in using their CPR number and the generated One-Time Password (OTP), select the product they wish to defer payment for, review the impact of deferral, and provide explicit consent by accepting the applicable terms and conditions.

For eligible corporate clients, payments can be deferred for a maximum of three instalments. Companies wishing to avail the facility are required to contact their relationship managers directly no later than 23rd April 2026 to ensure the necessary procedures are completed within the specified timeframe. BisB has further emphasised that contact details must be up to date to ensure confirmation notifications are received by the applicants.  The announcement reflects BisB’s ongoing commitment to providing convenient banking solutions that respond to customers’ needs and support them through evolving circumstances.