Bahrain’s Al Baraka Bank pens medical finance deal with KIMSHealth & RBH

By Shilpa Annie Joseph, Official Reporter
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Al Baraka signs medical finance agreement
Officials during the signing ceremony.

Bahrain-based leading financial institution, Al Baraka Islamic Bank (AIB) has signed an agreement with the region’s leading healthcare institutions, KIMSHealth and Royal Bahrain Hospital, in order to provide financing packages for the Bank’s customers.

This attractive medical finance agreement from Al Baraka Islamic Bank provides customers who wish to pursue treatment from either KIMSHealth or Bahrain Royal Hospital with a low-profit rate financing.

Furthermore, this move is in line with the Bank’s commitment to making quality healthcare more accessible to its customers.

Al Baraka Islamic Bank is one of the leading financial institutions in the Islamic banking sector, which is licensed by the Central Bank of Bahrain. The bank plays a significant role in promoting the Islamic finance industry and publicizing its merits.

The signing held at Al Baraka headquarters was attended by Ms. Fatema AlAlawi, Chief Retail Officer at Al Baraka Islamic Bank, Mr. Ali AlDerzi, Head of Branches and Sales, and Dr. Ahmed AlRashed, Chief Operating Officer of Royal Bahrain Hospital.

Ms. AlAlawi said that “this agreement is part of the Bank’s continuous role in community partnerships towards delivering tailored banking services and products that meet the needs of our customers.”

“We are incredibly pleased to be part of this joint cooperation with one of the most prominent Islamic financial institutions in the Kingdom, and we are positive that Al Baraka’s medical financing scheme will play an integral role in our patients’ best interest,” commented Dr. AlRashed.

Related: Saudi Arabia’s LCGPA inks 7 deals to localize the pharmaceutical sector

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