Al Baraka Islamic Bank Receives Best Islamic Corporate Financing for SMEs Award for 2023
Al Baraka Islamic Bank announced that it has recently emerged as the winner of the prestigious award for Best Islamic Corporate Financing for Small and Medium Enterprises (SMEs) in 2023 from Global Business Outlook (GBO), one of the most respected international awards in the banking and financial services sector. This award stands testament to the Bank's commitment to the guidelines issued recently by the Central Bank of Bahrain, under the leadership of His Excellency Mr. Rashid Mohammed Al Maraj, to retail banks operating in Bahrain regarding the financing requirements of small and medium enterprises (SMEs) in the Kingdom.
Commenting on this award, Mr. Fahad AlBalooshi, Chief Corporate & Institutional Banking Officer emphasized the bank's dedication to supporting small and medium enterprises (SMEs) in Bahrain and stated: “This award serves as recognition of the bank's exceptional performance in providing flexible and accessible financing options specifically designed for SMEs. We are keen to be actively aligned with the Central Bank of Bahrain's initiative to enhance support for SMEs within the economic recovery plan. Hence, by empowering SMEs to grow and prosper, Al Baraka Islamic Bank aims to play a significant role in driving the recovery and advancement of the SME sector in Bahrain considering them an essential part of our vision for sustainable economic growth”.
The Global Business Outlook Awards recognizes business excellence amongst companies that play an integral role in enhancing various sectors and honors organizations for achieving outstanding results that have been acknowledged across the global market.
For any further information on Al Baraka Islamic Bank, kindly visit our website at www.albaraka.bh or call us on 13300400.
Commenting on this award, Mr. Fahad AlBalooshi, Chief Corporate & Institutional Banking Officer emphasized the bank's dedication to supporting small and medium enterprises (SMEs) in Bahrain and stated: “This award serves as recognition of the bank's exceptional performance in providing flexible and accessible financing options specifically designed for SMEs. We are keen to be actively aligned with the Central Bank of Bahrain's initiative to enhance support for SMEs within the economic recovery plan. Hence, by empowering SMEs to grow and prosper, Al Baraka Islamic Bank aims to play a significant role in driving the recovery and advancement of the SME sector in Bahrain considering them an essential part of our vision for sustainable economic growth”.
The Global Business Outlook Awards recognizes business excellence amongst companies that play an integral role in enhancing various sectors and honors organizations for achieving outstanding results that have been acknowledged across the global market.
For any further information on Al Baraka Islamic Bank, kindly visit our website at www.albaraka.bh or call us on 13300400.