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Daily Tribune
12 hours ago
- Business
- Daily Tribune
Al Baraka integrates faith and fintech
TDT | Manama Al Baraka Islamic Bank is demonstrating that Islamic finance can deliver cutting-edge performance, earning global praise for its seamless USD payment processing while staying true to Sharia principles. The Bahrain-based bank has received the Straight-Through-Processing (STP) Award from The Bank of New York Mellon (BNY), a leading global financial services firm. The award recognises institutions with highly automated and accurate cross-border payment systems, validating Al Baraka's ability to blend ethical banking with digital sophistication. Global validation BNY grants the STP Award to financial institutions that meet the highest benchmarks in straight-through-processing of payments, meaning transactions completed without manual intervention. The award was presented by Salman Alhashimi, Head of MEA NBFIs and Deputy Head of the GCC Region at BNY, to Dr. Adel Abdullah Salem, CEO of Al Baraka Islamic Bank, in the presence of Hussain Yousif Atiya, Chief Corporate and Institutional Banking Officer. 'We are proud to receive this recognition from BNY, which reflects our continued focus on operational excellence and innovation in financial services,' said Dr. Salem. 'It is the result of our ongoing investment in digital infrastructure and our commitment to delivering efficient and reliable banking experiences to our clients.' Ethical meets efficient Atiya added, 'This award underscores the competence of our teams and their dedication to providing solutions that meet the highest standards for international banking and executing global payments. We're well poised to expand our offering of digital banking services to corporate and financial institution clients.' Al Baraka's achievement challenges assumptions that Islamic banks may lag in technological adoption due to Sharia governance frameworks. On the contrary, the bank's systems are not only compliant but also competitive, proving that religious values and world-class fintech can coexist.
Daily Tribune
11-04-2025
- Business
- Daily Tribune
Al Baraka honours staff at annual gathering
Al Baraka Islamic Bank, the leading Islamic bank in the Kingdom of Bahrain, recently hosted its annual staff gathering at the Crowne Plaza Hotel in Manama. The event featured a lunch in a warm and welcoming atmosphere, attended by members of the Bank's executive management, department managers, and numerous employees from across all divisions. The gathering celebrated the Bank's notable achievements over the past year and recognised the exceptional performance of employees for their effective role in these successes by enhancing customer communication and delivering innovative services. Long-serving employees were honoured, and the Bank's strategic plans for the upcoming period were discussed, focusing on sustainable growth and continuous innovation in customer services. The gathering included an awards ceremony as well as interactive sessions designed to foster communication among employees and teams, encouraging the exchange of experiences and ideas that align with the Bank's vision. These meetings also provide a platform for employees to voice their opinions, discuss development and training topics, and share expertise. kjgjk On this occasion, the Bank's Chief Executive Officer, Dr. Adel Abdullah Salem, remarked, 'Al Baraka Islamic Bank has always hosted this annual meeting to acknowledge and appreciate the hard work and dedication of its employees, which have driven the Bank's growth and remarkable achievements. We are confident that their continued contributions will support our goal of advancing innovation and development across all banking services, solidifying our position as one of the foremost Islamic banks in the region.' Employees at the gathering expressed their appreciation to the executive management for their ongoing commitment to organising such a meaningful event.
Bahrain News Gazette
30-01-2025
- Business
- Bahrain News Gazette
Al Baraka Islamic Bank Concludes 'Future Banker' Training Programme
Manama: Al Baraka Islamic Bank, a leading Islamic financial institution in Bahrain, has concluded its 'Future Banker' training programme, held in partnership with the Ministry of Youth Affairs. The programme aims to enhance financial literacy, encourage careers in banking, and provide practical experience in Islamic finance, responsible banking, and ethical financial principles. According to Bahrain News Agency, Rawan bint Najeeb Tawfiqi, Minister of Youth Affairs, honoured the participants, highlighting the programme as a successful model of collaboration between the ministry and Al Baraka Islamic Bank. She commended the bank's role in providing hands-on training and professional supervision, enabling young participants to develop essential banking skills. Dr. Adel Abdullah Salem, CEO of Al Baraka Bank, underscored the bank's commitment to initiatives that empower youth. He emphasised that Al Baraka Islamic Bank's role extends beyond financial services, contributing to community development through strategic collaboration with government entities.
