Mazin Dhaif, Chief Retail Officer at Al Baraka Islamic Bank, commended this step and stated: "This step stems from our firm belief that empowering our youth and providing the opportunity to take responsibility and giving them the ability to control their finances at an early stage will play a vital role in their education and upbringing. Therefore, we have decided to design this account to combine the benefits of investment and savings at the same time. It does not require a minimum initial deposit amount or a minimum balance to maintain, and it provides our Youth with a free, modern-designed ATM card that can be used at any ATM, in addition to offering special and exclusive benefits suitable for them. We call on parents to encourage their children to quickly open a youth account by visiting one of Al Baraka Islamic Bank's branches."
For any further information about Al Baraka Youth Account “TAB”, customers are welcomed to visit their nearest Al Barka Islamic Bank’s branches, or the Bank’s website at www.albaraka.bh or call 13300400.