Bahrain’s Ithmaar Jumps Most in Month After Raising $167 Million

Ithmaar Bank BSC, the retail-focused Islamic bank based in Bahrain, advanced the most in more than a month after it received a $167 million Shariah-compliant loan.

The shares gained 4.2 percent, the biggest intraday increase since Nov. 21, to 12.5 cents at 12:10 p.m. in Manama. Ithmaar has declined 48 percent this year.

The bank raised the Islamic murabaha loan from Bahrain’s Ahli United Bank BSC. Ahli United Bank was unchanged at 72 cents.

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