Al Baraka Islamic Bank Wins Two Prestigious Awards from IRBA

Press release
Published January 3rd, 2021 - 07:06 GMT
Al Baraka Islamic Bank Wins Two Prestigious Awards from IRBA
Chief Executive Officer of Al Baraka Islamic Bank, Mr. Hamad Abdulla Al Oqab
Highlights
"Tamkeen Finance” allows entrepreneurs to grow their businesses further with fully Shari’a-compliant finance facilities from Al Baraka Islamic Bank in partnership with Tamkeen.

Al Baraka Islamic Bank (AIB), one of the leading Bahraini financial institutions in the field of Islamic banking, has been awarded the ‘Best Islamic Retail Bank for Social Responsibility Award 2020’ and ‘Best Islamic Retail Banking Product (Assets Side) 2020 for Tamkeen Finance’ by the Awards Committee of the Islamic Retail Banking Awards (IRBA). The Online Awards Ceremony (OAC) of the 6th edition was held live on 15th of December 2020 and broadcasted through multiple online channels.

"Tamkeen Finance” allows entrepreneurs to grow their businesses further with fully Shari’a-compliant finance facilities from Al Baraka Islamic Bank in partnership with Tamkeen.

Commenting on the occasion, Chief Executive Officer of Al Baraka Islamic Bank, Mr. Hamad Abdulla Al Oqab, said: "We, at Al Baraka Islamic Bank, are very keen on enhancing our banking services to suit the various requirements and needs of our cherished customers. These efforts reflect our constant endeavors to ensure their satisfaction, trust, and loyalty to the bank. We are extremely honored and proud of receiving the "Best Islamic Retail Bank for Social Responsibility in Bahrain 2020" award from this prestigious institution, and we perceive it as an added motivation for us to continue improving our retail banking portfolio and creating value-added products, along with offering the best Sharia-compliant banking services around."

The Islamic Retail Banking Awards (IRBA) is the first-of-its-kind Islamic banking awards program based on the most academically rigorous analysis of global Islamic banking efficiency performance. Candidates are thoroughly assessed by a panel of independent experts based on the new efficiency model developed by Cambridge IF Analytica. These prestigious awards honors individuals and institutions who have demonstrated great commitment and made significant contributions to the development, growth, and success of Islamic Retail Banking.

Al Baraka Islamic Bank strives to provide an exceptional banking experience for its retail customers, as it also seeks to enable them to familiarize themselves with the bank’s products and services through several initiatives and events, designed to elevate their standards of living.  

With its establishment in 1984 in the Kingdom of Bahrain, Al Baraka Islamic Bank B.S.C. – Bahrain has a longstanding track record of delivering excellence, innovation and superior results. The Bank ranks among the leading providers of Islamic banking products and services to its international clientele and focuses primarily on developing innovative and distinguished Investment solutions in compliance with Islamic Sharia principles, supported by its sound financial solutions.

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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