Al Baraka Islamic Bank Announces Expansion of Private Banking and Wealth Management Services for HNW Clients

Al Baraka Islamic Bank Bahrain, one of the leading Islamic banks in the Kingdom of Bahrain, has announced the enhancement and expansion of its Private Banking and Wealth Management services as part of its strategy to meet the growing needs of High‑Net‑Worth (HNW) clients.

This expansion reaffirms the Bank’s commitment to offering comprehensive financial and investment solutions fully compliant with Sharia principles, and to serving customers seeking bespoke banking services and effective wealth‑management solutions. The initiative includes expanding the dedicated wealth‑management team, launching innovative products and providing personalised financial advisory services across areas such as financial planning, asset allocation and Sharia‑compliant investments.

It underscores Al Baraka’s resolve to play an active role in the growth of the Islamic finance sector, to respond to local and regional market aspirations, and to attract top talents in private banking and wealth management. The Bank confirms that this step is part of its plan to broaden its client base and strengthen its competitive position in the local and regional banking markets.

In this context, the Bank also announced the appointment of Ms Fayza Hassan as Head of Private Banking and Wealth Management—the unit is responsible for delivering specialised financial solutions and services to HNW clients. Ms Hassan brings a distinguished banking career spanning many years and deep expertise in managing relationships with affluent clients and providing tailor‑made financial advice.

This appointment is a strategic move that reflects Al Baraka’s commitment to enhancing its internal capabilities and attracting qualified banking leaders, in line with its vision to deliver an exceptional banking experience that meets clients’ evolving needs. It also demonstrates the Bank’s determination to expand its private‑banking services and reach a broader segment of valued clients through advanced financial solutions built on trust, professionalism and differentiation.

On this occasion, Mr Mazin Dhaif, Chief Retail Officer at Al Baraka Islamic Bank, said: “Today’s expansion of our Private Banking and Wealth Management offering represents a key strategic milestone in our comprehensive plan to develop and elevate our premium services. At Al Baraka Islamic Bank, client satisfaction is at the core of our priorities, and we continuously strive to provide a banking experience that upholds the highest standards, especially for our HNW clients, whose complex needs demand advanced and meticulously crafted solutions.”

He added: “This initiative underscores our ongoing commitment to enhance the value we deliver by broadening our service spectrum, leveraging highly skilled professionals and adopting the latest Sharia‑compliant banking practices. We are confident that these developments will further cement Al Baraka Islamic Bank’s position as a leading institution in Private Banking and Wealth Management, both locally and regionally. We firmly believe that anticipating our clients’ needs and innovating around them, with personalised service and relationships built on mutual trust, are the foundations of long‑term success.”

Al Baraka Islamic Bank is among the foremost Islamic financial institutions in the Kingdom of Bahrain. Since its establishment in 1984, it has cemented its reputation as a pioneering bank with a rich history of achievements and outstanding results across all banking sectors. The Bank has continuously introduced qualitative and innovative services that meet the needs of individuals and corporate clients alike, contributing to the expansion of its client base within Bahrain and beyond.

Renowned for its track record of innovation, Al Baraka Islamic Bank was one of the first institutions to adopt Sharia‑compliant financial and investment solutions focused on balancing sustainable returns with ethical values. Thanks to this approach, the Bank has secured a leading position among Islamic banks offering a broad array of products and services to a wide clientele.

For more details on Private Banking and Wealth Management services for high‑net‑worth clients, please visit Al Baraka Islamic Bank website at www.albaraka.bh or call 13300400.