MLSD Minsiter heads the meeting of Family Bank's Board Directors
22-10-2019
His Excellency the Minister of Labour and Social Development, Chairman of the Family Bank, Mr Jameel bin Mohammed Ali Humaidan, chaired a meeting of the Bank’s Board of Directors at the Ministry, in the presence of Dr Mustafa Alsayed, Vice Chairman, and Dr Khalid Ateeq, Chief Executive Officer. The Board reviewed the Bank’s key achievements during the third quarter of 2019 and discussed ways to deepen its development impact across the Kingdom—especially by expanding financing capacity for small and micro‑enterprises run by productive families with limited income, senior citizens, housewives, and job seekers. The discussions focused on facilitating access to suitable financing for establishing and growing projects that directly contribute to community development. Humaidan commended the Bank’s financial results and growth trajectory, noting that strong performance underpins continuity and enables the expansion of the beneficiary base. He praised the efforts of the Board and Executive Management, and underscored the Bank’s pivotal role in supporting productive Bahraini families, financing micro‑enterprises, and backing entrepreneurship—consistent with the Government’s strategy to empower citizens economically and socially and to support limited‑income households. Family Bank is a leading non‑profit development bank that plays a vital role in directing development‑finance programmes aimed at improving the living conditions of low‑income families by providing accessible channels to obtain the support needed to start and grow small businesses. The Bank was established on the initiative of the Ministry of Labour and Social Development, in partnership with the Royal Charity Organisation, Bank of Bahrain and Kuwait, Ithmaar Bank, Ahli United Bank, and Kuwait Finance House. It is licensed by the Central Bank of Bahrain and opened in January 2010 as the Kingdom’s first social bank specialising in microfinance in accordance with Islamic Sharia. Through appropriate financing and advisory services, Family Bank has helped entrepreneurs translate ideas into sustainable projects—offering guidance, tailored development advice, business‑plan support, and training in essential business‑management skills—thereby fostering success stories that reflect the Bank’s contribution to Bahrain’s inclusive and sustainable development.