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Al Baraka Islamic Bank receives double recognition at the IRBA 2021

December 23, 2021
islamic finance

Al Baraka Islamic Bank (AIB), one of the leading Bahraini financial institutions in the field of Islamic banking, recently received double recognition from the 7th Islamic Retail Banking Awards (IRBA) 2021, which include the ‘Most Outstanding Islamic Retail Bank in Bahrain and ‘CEO of the Year’ awards. The ceremony was held at Conrad Hotel Dubai on 16th December 2021, and the event was broadcasted through online channels where the bank was awarded virtually.

The Bank’s latest achievements at the Islamic Retail Banking Awards 2021 highlight its pioneering journey in the Banking sector. The awards also celebrate the Bank’s commitment to providing exceptional banking to customers, as well as highlighting the endeavors of the CEO in orchestrating this successful journey.

Commenting on the occasion, Chief Executive Officer of Al Baraka Islamic Bank, Mr. Hamad Abdulla Al Oqab, said: “We are honored to receive this recognition during the Islamic Retail Banking Awards (IRBA), which reflects our continuous attention and care towards our customers as we aim to provide them with the latest banking solutions and products to enhance their experience. Winning the ‘Most Outstanding Islamic Retail Bank in Bahrain’ award highlights our success in launching many initiatives throughout 2021, and we look forward to maintaining this high level of excellence. I am also very proud and delighted to receive the ‘CEO of the Year’ award, as it commemorates our collective efforts in elevating Al Baraka Islamic Bank’s position to remain at the forefront of the banking sector.”

Al Baraka Islamic Bank aims to offer the very best banking solutions that suit the requirements of its customers. The Bank’s initiatives and endeavors continue to provide value-added experience for all clienteles’ categories.

The Islamic Retail Banking Awards (IRBA) is distributed based on a rigorous academic analysis developed by Cambridge IF Analytica to analyze Islamic banking efficiency performance. The nominees for the awards were evaluated and selected by the Awards committee. The IRBA 2021 awards covers more than 40 categories to both institutions and individuals from all over the world, who have demonstrated great commitment and made significant contributions to the development, growth, and success of Islamic Retail Banking.

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.