Al Baraka Islamic Bank (AIB), has signed an agreement with Gulf University to provide education financing for students who wish to enrol at the university.
The ceremony which was held between both entities at Al Baraka’s headquarters, was attended by Fatema AlAlawi, Head of Retail Banking at Al Baraka Islamic Bank and Professor Mohanned Alfiras, President of Gulf University, Dr Hesham Almarsafawy, Vice President of Gulf University, along with senior officials from both parties.
Through the education financing scheme, the bank aims to encourage promising students to achieve a higher education degree in order to advance in their future careers through local institutions that are fully-equipped to prepare the future generation with the necessary skills required to enter the job market.
The education financing scheme offers low profit rates over a maximum tenor of 3 years to those wishing to attain a higher education degree at local institutions.
Commenting on this occasion, AlAlawi said: “We are proud to be partnering with Gulf University as on our newly launched education financing scheme. We at Al Baraka Islamic Bank believe in the importance of contributing towards providing education financing to Bahraini youth to further support them in their educational journey, as they are the future leaders of the kingdom. We look forward to partnering with more universities within the kingdom.”
Professor Alfiras: “We are pleased to be partnering with a reputable institution such as Al Baraka Islamic Bank and laud their continuous support and effort in providing promising students with education financing to support them in attaining a higher education degree.”
Established in 2002, Gulf University has been founded based on a strong vision to ensure high quality education and provide graduates with strong intellectual and social foundations. Gulf University aims to establish itself as a distinguished higher education provider that will appeal to international, Bahraini and GCC students who prefer to be educated in a cultural environment, which is acceptable to parents and students alike.-- TradeArabia News Service