Al Baraka Banking Group empowerment partner for Women in the Financial and Banking campaign and conference

Press release
Published August 19th, 2015 - 09:38 GMT
Mr. Adnan Ahmed Yousif
Mr. Adnan Ahmed Yousif

The Central Bank of Bahrain (CBB), in cooperation with the Supreme Council for Women (SCW), today announced Al Baraka Banking Group (ABG) as the Women’s Empowerment Partner for Islamic Banking for the year-long campaign to celebrate and promote the role of "Women in the Financial and Banking Sector" being held under the patronage of HRH Princess Sabe

eka Bint Ibrahim Al Khalifa, Wife of His Majesty the King and President of the SCW.

The year-long campaign has already featured a series of events including a number of roundtable and town hall sessions that have brought industry leaders and women of all levels within the sector together to discuss and debate topics of importance. These events culminate with a main “Women in the Financial and Banking Sector Conference” being held on 30 November 2015 at the Four Seasons Hotel – Bahrain Bay.

Al Baraka Banking Group's is one of the largest international Islamic banks in the world. It has been a pioneer in leading innovation and growth in the industry and across all 15 countries in which it operates through a group of diversified subsidiaries. This includes the Islamic markets of the GCC and broader MENA region as well as Southeast Asia. 

Commenting, Mr. Adnan Ahmed Yousif, President and Chief Executive of Al Baraka Banking Group (ABG), said, “As a leader in the Islamic banking industry, and one of the pioneering banks in Bahrain, we are delighted to announce our support for this important campaign to highlight and further promote the role and position of women in the Islamic finance and banking industry. Our industry is witnessing strong growth and further innovation and excellence is required to ensure its ability to keep pace with demand. Women across the countries in which we operate, and in particular Bahrain, have made significant contributions to the advancement of the sector and with further support and encouragement we expect their achievements and leadership to grow and add even greater value and impact.”

Other supporters of the "Women in the Financial and Banking Sector" campaign and celebrations include National Bank of Bahrain (NBB), KFH-Bahrain and BBK as lead sponsors. In addition to further sponsors, upcoming events and activities planned in cooperation with the industry will soon be announced.

Al Baraka Banking Group (B.S.C) is licensed as an Islamic wholesale bank by the Central Bank of Bahrain, listed on Bahrain Bourse and Nasdaq Dubai stock exchanges. It is a leading international Islamic banking group providing its unique services in countries with a population totaling around one billion. It is jointly rated BBB+ (long term) / A3 (short term) on the international scale and A+ (bh) (long term) / A2 (bh) (short term) on the national scale with a Stable outlook by Islamic International Rating Agency & Dagong Global Credit Rating Company Limited, and by Standard & Poor's at BB+ (long term) / B (short term) with a Stable outlook. Al Baraka offers retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari'a. The authorized capital of Al Baraka is US$ 1.5 billion, while total equity is at about US$ 2 billion.

The Group has a wide geographical presence in the form of subsidiary banking units and representative offices in fifteen countries, which in turn provide their services through over 570 branches. Al Baraka currently has a strong presence in Turkey, Jordan, Egypt, Algeria, Tunisia, Sudan, Bahrain, Pakistan, South Africa, Lebanon, Syria, Iraq and Saudi Arabia, including two representative offices in Indonesia and Libya.

Background Information

AlBaraka Islamic Bank

Al Baraka Islamic Bank (“AIB” or “the Bank”) is one of leading financial institutions in the Islamic banking sector. Throughout its history of more than three decades (since its establishment in 1984), the Bank has played a prominent role in building the infrastructure of the Islamic finance industry. The Bank also played a significant role in promoting the Islamic finance industry and publicizing its merits. The Bank enjoys a good reputation and high standing with the community in the Kingdom of Bahrain in particular, and in the GCC, Arab and Islamic worlds in general.

 

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