Al Baraka Islamic Bank B.S.C (c) win the "Best Islamic Bank in Bahrain for 2014" Award from the "Euromoney" magazine, the world's leading financial and banking magazine for the second time in row, which had announced it in the magazine issue for the current month February 2014.
It is noteworthy that the "Euromoney" Islamic Finance Awards are considered the most important and highest awards in the banking sector where they have large credibility and recognition, and this year, they attracted in their twenty-third session more than 600 nominations from banking institutions from various countries of the world. The jury of the Journal studied them on the basis of a closer reading of the key financial performance indicators along with a qualitative assessment of the overall achievements and leading initiatives of these banks during the year based on the opinions of experts and specialists in the banking industry.
In selection of Al Baraka Islamic Bank for this prestigious award, the Euromoney Magazine noted in particular the performance of the Bank and efficiency made in dealing with the unstable operating conditions and variables witnessed in 2013 and its success to accommodate them, thanks to a strategy of innovation and expansion it follows to achieve the good operating results despite the extraordinary challenges on the regional and international arenas.
The Board Member and Chief Executive Officer of Al Baraka Islamic Bank Mr. Mohamed Isa Al Mutaweh has expressed his deep appreciation for this honouring from this prestigious magazine for the second time in row, which confirms the soundness approach that the Bank follows in laying the foundations of sophisticated Islamic banking institution that is steadily moving towards leadership in its markets locally and regionally.
He added: "the success of Al Baraka Islamic Bank to win this award from the "Euromoney" represents the best embodiment of the Bank's success in the application of expansion strategies in local and regional markets, expanding branch network, lunching sharia-compliant innovative products which will reflect positively and increasingly on its share and place in the market. "