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Family Bank, a private Bahraini Islamic bank, was established in 2010 in Manama. It is the first Islamic microfinance bank to provide its services in accordance with the provisions of Islamic Sharia law. It is a specialized development institution that provides the necessary financing to individuals and emerging institutions in many sectors. A number of agreements were signed with governmental and private organizations in order to support low-income people, and it was announced that the bank's name would be changed to Family House for microfinance.