Three banking units of AlBaraka Banking Group B.S.C. (ABG), the leading Islamic banking group based in Bahrain, won the Islamic Business and Finance Awards 2017.
Adnan Ahmed Yousif,President and Chief Executive of Al Baraka Banking Group also won CSR in Islamic Banking Award 2017 for his outstanding contribution in this field.
The three units of ABG won the following awards: Best CSR in Islamic Banking in Syria – Al Baraka Bank Syria - Best Islamic Bank in Syria, – Al Baraka Bank Syria - Best Islamic Bank in Lebanon – Al Baraka Bank Lebanon - Best Islamic Bank in Turkey – Al Baraka Turk Participation Bank.
The awards were received by Mohammed Halabi, Chief Executive Officer of Al Baraka Bank Syria at the awards ceremony which was held on December 12, 2017 in Dubai.
In its 12th year, the Islamic Business and Finance Awards focus on honouring excellence in Sharia’a compliant financial and banking services. A panel of arbitrators and experts selects a selection of institutions, followed by a sixweek voting period.
Winners are selected based on the number of votes each institution receives. For prizes such as Best Islamic Bank, it is based on key performance indicators and audited financial results, while the award of the best banking personality of the year depends on vote of the majority of the members of the jury.
Adnan Ahmed Yousif said,“Winning these prestigious awards motivates us to continue work on the implementation of our strategies with a view to serving the development needs of the countries in which we operate through our CSR program, which we implement and whose goals are linked to UN sustainable development goals.” He added, winning these awards makes us feel proud of our belonging to Al Baraka Banking Group. It is also an international recognition of the outstanding achievements of the Group and its units, their prestigious positions, as well as their effective contribution to development of Islamic banking industry.