The Bahrain based Al Baraka Banking Group B.S.C. (ABG) announced six Units of the Group won the Islamic Finance News Awards 2021. The IFN awards winners were selected based on an annual comprehensive referendum conducted by the Islamic Finance News magazine.
The magazine’s readers chose the following units in the Best Islamic Bank by Country category:
Al Baraka Bank Syria
Al Baraka Bank Sudan
Al Baraka South Africa
Al Baraka Bank Lebanon
Jordan Islamic Bank
Al Baraka Bank Tunisia
Al Baraka Group also announced it won three of the Islamic Retail Banking Awards (IRBA) 2021 in a ceremony held recently in Dubai. IRBA, and since 2015, recognises the contributions and successes of Islamic retail banks, individuals and other market players, globally and in their respective national markets.
Winners are assessed by a panel of independent experts based on the efficiency model developed by Cambridge IFA, a UK-based financial intelligence house. These prestigious awards honour individuals and institutions who have demonstrated great commitment and made significant contribution to the development, growth and success of Islamic retail banking.
The IRBA CEO of the Year 2021 Personal Award was presented to Al Baraka Islamic Bank’s CEO, Mr. Hamad Abdulla Al-Oqab.
Al Baraka Islamic Bank was named IRBA Most Outstanding Islamic Retail Bank in Bahrain 2021.
Alongside the IRBA Awards, the 3rd WOMANi Awards were celebrated.
Cambridge IFA formally launched the WOMANi Programme in 2018 for the sole purpose of empowering women and celebrating their outstanding achievements. The WOMANi Programme aims at empowering at least one million women at different levels in different regions across a range of professions. Every woman is a WOMANi; a story of hard work, dedication, multi-tasking, professionalism, perseverance and success.
Among the Top 300 Most Influential Women in Islamic Business and Finance list was Al Baraka Banking Group’s Dr. Wajeeha Hussain Awadh, Chief Digital Officer for the second time.