Bahrain’s Al Baraka Islamic Bank honored with two awards from IRBA

By Rahul Vaimal, Associate Editor
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Al Baraka Bank
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Bahrain-based leading financial institution Al Baraka Islamic Bank (AIB) has secured two prominent recognition for its services in the retail banking sector at the Islamic Retail Banking Awards (IRBA).

AIB was recognized as the ‘Best Islamic Retail Bank for Social Responsibility Award 2020’ and ‘Best Islamic Retail Banking Product (Assets Side) 2020 for Tamkeen Finance’ by the award committee for IRBA.

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.

Hamad Abdulla Al Oqab
Hamad Abdulla Al Oqab

“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.”

IRBA is the first-of-its-kind Islamic banking awards program based on the academic evaluation of global Islamic banking efficiency performance. The candidates are strictly assessed by a panel of independent experts based on the new efficiency model developed by Cambridge IF Analytica.

The prestigious award honors individuals and institutions who have exhibited great commitment and made significant contributions to the development, growth and success of Islamic Retail Banking.

Al Baraka Islamic Bank

Al Baraka Islamic Bank (AIB), established in 1984 in the Kingdom of Bahrain, has a 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 and regional clients with focuses primarily on developing innovative and distinguished investment solutions in compliance with Islamic Sharia principles, supported by its sound financial solutions.