Manama : The Bahrain based Al Baraka Banking Group (ABG) announced that the Group and six of its units won Islamic Finance News Awards 2017 through the annual comprehensive referendum conducted by the Islamic Finance News magazine.
Al Baraka Banking Group won Bahrain Deal of the Year Award and Regulatory Capital Deal of the year Award for its US$ 400 million Tier 1 Sukuk.
For the fifth consecutive year, Al Baraka Bank Egypt won the award as the Best Islamic Bank in Egypt, Al Baraka Bank Lebanon won the award as the Best Islamic Bank in Lebanon, Al Baraka Islamic Bank won the award as the Best Islamic Bank in Bahrain, Al Baraka Bank Syria won the award as the Best Islamic Bank in Syria, Jordan Islamic Bank won the award as the Best Islamic Bank in Jordan and Al Baraka Bank South Africa won the award as the Best Islamic Bank in South Africa.
On this occasion, Adnan Ahmed Yousif, Board member and President & Chief Executive of Al Baraka Banking Group said: “The subsidiary banking units of our Group have come to be amongst the leading financial institutions in servicing their communities and are most established in terms of their expertise and knowledge of the local markets, which reflect the success of Al Baraka Banking Group’s vision and strategy.”
The Islamic Finance News magazine based in Kuala Lumpur is an international institution specialized in providing news for the Islamic financial sector.
The CEOs & General Managers of the wining units received these awards in the annual ceremony, which was held in the city of Dubai on Sunday 11th March 2018.