Future Bank B.S.C. () is a

commercial bank A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

that was based in

Manama Manama ( ', Bahrani Arabic, Bahrani pronunciation: ) is the capital and List of cities in Bahrain, largest city of Bahrain, with an approximate population of 297,502 as of 2012. Long an important trading center in the Persian Gulf, Manama is ...

Bahrain Bahrain, officially the Kingdom of Bahrain, is an island country in West Asia. Situated on the Persian Gulf, it comprises a small archipelago of 50 natural islands and an additional 33 artificial islands, centered on Bahrain Island, which mak ...

. It started as a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

Ahli United Bank Ahli United Bank () is a regional bank based in Bahrain. Its head office is situated at Manama and is the largest bank in Bahrain. It is present in 8 countries in the Middle East and United Kingdom. Ahli United bank's ordinary shares are listed on ...

and two Iranian state-owned banks,

Bank Melli Bank Melli Iran (BMI; ) is the first national and commercial retail bank of Iran. It was the List of companies of Iran, largest Iranian company in terms of annual income with a revenue of 364 657 billion Iranian rial, rials in 2016. It is th ...

and Bank Saderat.

Central Bank of Bahrain The Central Bank of Bahrain (CBB) is the central bank of Bahrain. It is a public corporate entity that was established by the ''Central Bank of Bahrain and Financial Institutions Law 2006.'' on 6 September 2006. ''Decree No. 64 of 2006 with res ...

closed down the bank in 2016 after Bahrain cut diplomatic ties with Iran. In 2017,

Central Bank of the Islamic Republic of Iran The Central Bank of the Islamic Republic of Iran (CBI; ; SWIFT Code: BMJIIRTH), also known as ''Bank Markazi'', was established under the Iranian Banking and Monetary Act in 1960. It serves as the banker to the Iranian government and has the e ...

licensed the bank to open a branch in

Kish Island Kish ( ) is a resort island in Bandar Lengeh County, Hormozgan Province, off the southern coast of Iran in the Gulf. The island constitutes the city of Kish, Iran, Kish. Owing to its free trade zone status, the island is marketed as a consumers ...

References

Banks of Bahrain Bahrain–Iran relations Joint ventures 2004 establishments in Bahrain Banks established in 2004 Foreign banks in Iran Companies based in Manama {{bank-stub