Bank ABC Islamic named Best Islamic Financial Institution in Bahrain

TDT | Manama                                                

The Daily Tribune – www.newsofbahrain.com     

Bank ABC Islamic, the Islamic Finance arm of Bank ABC, said it has won the ‘Best Islamic Financial Institution in Bahrain’ title at Global Finance World’s Best Islamic Financial Institutions Awards for 2023.

The winners of this year’s Global Finance awards are financial institutions that have contributed to the growth of the Islamic finance industry, having successfully met their customers’ needs for Shariah compliant products with modern and efficient delivery channels, while creating the foundation for continued growth in the future.

“We are honoured and grateful to be presented with this award from an internationally recognised platform like Global Finance,” said Hammad Hassan, Managing Director, Bank ABC Islamic & Group Head of Islamic Banking at Bank ABC, commenting on the award.

“Bahrain’s Islamic banking market share is expected to increase to over 50% of total domestic banking sector assets. Bank ABC Islamic posted a 30% increase in net profits compared to 2021 delivering strong 2022 results, the bank benefits from the Bank ABC Group’s innovative platforms and cutting-edge technology,” said Joseph Giarraputo, Global Finance President & Editorial Director.