Al Baraka’s Social Responsibility Priorities
Corresponding with the launch of its Social Responsibility Report for 2013 and 2014, Al Baraka Banking Group (B.S.C.) has announced its 2016—2020 Social Responsibility Priorities.
With this announcement Al Baraka has become one of the first global financial institutions to pledge its targets for supporting the Global Goals for Sustainable Development, which were adopted by the United Nation’s General Assembly on September 25, 2015.
At this occasion, President & Chief Executive of Al Baraka Banking Group Adnan Ahmed Yousif, noted, “Being one of the pioneers of Islamic banking, we believe that we have a greater responsibility to keep our core business model socially responsible and relevant to the growth and development of our customers and their communities”.
Al Baraka is licensed as an Islamic wholesale bank by the Central Bank of Bahrain, listed on Bahrain Bourse and Nasdaq Dubai stock exchanges. It is a leading international Islamic banking group providing its unique services in countries with a population totalling around one billion.
The Group has a wide geographical presence in the form of subsidiary banking units and representative offices in fifteen countries, which in turn provide their services through over 573 branches.
Al Baraka currently has a strong presence in Turkey, Jordan, Egypt, Algeria, Tunisia, Sudan, Bahrain, Pakistan, South Africa, Lebanon, Syria, Iraq, and Saudi Arabia, including two representative offices in Indonesiaand Libya
Al Baraka pledges
- Adding 50,000 jobs with equal opportunities for men and women.
- Financing, and donating to, a variety of educational institutions.
- Financing, and donating to, children hospitals, cancer hospitals, diabetic hospitals, kidney dialysis units.
- Working with customers more closely aligned with Global Goals for Sustainable Development
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