Al Baraka Islamic Bank wins Best Islamic Banking Product Award

TDT | Manama                                   

The Daily Tribune – www.newsofbahrain.com

Al Baraka Islamic Bank announced that it has recently emerged as the winner of the prestigious Best Islamic Banking Product’ Award in recognition of its Accelerated Investment Account for the year 2023 from the International Finance Corporation (IMF), one of the most respected international awards in the banking and financial services sector.

The award stands testament to the Bank’s commitment to developing Sharia-compliant financial and Banking services in the Kingdom with an innovative approach.

On this occasion, Ali AlDerzi, Acting Chief Retail Officer at Al Baraka Islamic Bank, stated: "It is our pleasure to announce that Al Baraka Islamic Bank has emerged a winner in this prestigious category for the "Accelerated Investment Account" product, which reinforces the Al Baraka team’s ongoing efforts to introduce and develop banking products and services that are fully Shari’a compliant, meet customers’ financial needs, and contribute to the Kingdom of Bahrain’s leadership in the Islamic banking sector".

It is worth noting that the "Accelerated Investment Account" provides the investor with numerous benefits throughout the investment period, most importantly an accelerated expected profit rate, which reflects the true value of the investment, in addition to the investor obtaining an Al Baraka World MasterCard credit card and a chance to win alBarakat Grand Prizes for every BD1,000 invested through his investment period in this account.

The International Finance Awards celebrate excellence, recognising and honouring individuals and organisations that have developed innovative products or services that have set benchmarks for their peers across a variety of fields, including Business and Finance, Real Estate, Telecom, And Oil and Gas. This award highlights the number of initiatives and contributions that the bank has made throughout the year.