Al Baraka Islamic Bank B.S.C (c) was chosen as the Best Islamic Bank in the Kingdom of Bahrain for 2013 for the second time in row , through the annual comprehensive referendum conducted by the Foundation of Islamic Finance News. The delivery of this Award will be made during the ceremony to be held on this occasion in the city of Dubai on Feb. 24th 2014.
The voting in favor of Al Baraka Islamic Bank to win this award for the year 2013 was through the annual referendum organized by «Islamic Finance News», where it invited Islamic financial companies and investors and companies from outside the banking sector and government institutions from around the world to participate in this referendum. The Islamic Finance News is based in Kuala Lumpur and its is an international institution specialized in providing news for the Islamic financial sector.
The Islamic Finance News Awards are considered the most transparent and competitive international awards , and are subject to strict standards when voting, where companies and banks are not allowed to vote for themselves, but are subject to the judgment of others. This year, the organizers received 264 nominations, over 100 more than in 2012.
On this occasion, Mr. Mohamed Isa Al Mutaweh Board Member and Chief Executive Officer of Al Baraka Islamic Bank said: "We are honored to get this distinguished honoring from Islamic Finance News supported by the nominations of institutions working in the Islamic finance industry around the world. Our winning of this Award this year coincides with 30th anniversary of the founding of the Bank, where it has achieved during the past years many excellent initiatives both in terms of expanding its market share in local banking industry or at the level of arrangement of several financing deals locally and regionally, as well as improving the quality and quantity of its Islamic services and products for all segments of society. This Award comes to confirm our commitment to providing distinct banking services for companies and individuals alike "