Bahrain-based Al Baraka Islamic Bank (AIB)has been awarded the ‘Best Islamic Retail Bank for Social Responsibility Award 2020’ and ‘Best Islamic Retail Banking Product (Assets Side) 2020 for Tamkeen Finance’ at the Islamic Retail Banking Awards (IRBA).

The Online Awards Ceremony (OAC) of the 6thedition was held live recently and broadcasted through multiple online channels.

"Tamkeen Finance” allows entrepreneurs to grow their businesses further with fully Shari’a-compliant finance facilities from Al Baraka Islamic Bank in partnership with Tamkeen.

Hamad Abdulla Al Oqab, Chief Executive Officer of Al Baraka Islamic Bank said: "We, at Al Baraka Islamic Bank, are very keen on enhancing our banking services to suit the various requirements and needs of our cherished customers. These efforts reflect our constant endeavours to ensure their satisfaction, trust, and loyalty to the bank. We are extremely honoured and proud of receiving the "Best Islamic Retail Bank for Social Responsibility in Bahrain 2020" award from this prestigious institution, and we perceive it as an added motivation for us to continue improving our retail banking portfolio and creating value-added products, along with offering the best Sharia-compliant banking services around."

The Islamic Retail Banking Awards (IRBA) is the first-of-its-kind Islamic banking awards program based on the most academically rigorous analysis of global Islamic banking efficiency performance. Candidates are thoroughly assessed by a panel of independent experts based on the new efficiency model developed by Cambridge IF Analytica.

These prestigious awards honours individuals and institutions who have demonstrated great commitment and made significant contributions to the development, growth, and success of Islamic Retail Banking. – TradeArabia News Service