Al Baraka Banking Group and its President & Chief Executive win Awards for exemplary work in Sustainability and Social Responsibility.
3 Feb 2019
At a Ceremony held in Bahrain on 30 January 2018, the Regional Social Responsibility Network awarded Al Baraka Banking Group BSC (ABG) with the Socially Responsible Arab Company Award "Banks Category" for 2018. The institution also awarded Mr. Adnan Ahmed Yousif, President & Chief Executive of Al Baraka Banking Group - "The Arab Economic Socially Responsible- Personality" Award. The Awards were presented by Professor Yusuf Abdul Ghaffar, Chairman of the Regional Social Responsibility Network.
Mr. Hamad Abdulla Ali Al Oqab, Deputy Chief Executive of ABG received the two awards on behalf of Al Baraka Banking Group.
On this occasion, Mr. Adnan Ahmed Yousif, P&CE of Al Baraka Banking Group, said: "I would like to express my sincere appreciation to the organizers of these awards, particularly the Regional Network for Corporate Responsibility, with whom we have a strong and evolving relationship. It is very gratifying for Al Baraka Banking Group and myself to be welcomed to be the recipients of these prestigious awards. We are proud of these distinguished awards, and our win is in line with the socially responsible banking approach we pursue in all our business, products and services - all of which are adopted to achieve the objectives and needs of our partners and stakeholders".
Based on this philosophy, Al Baraka announced in 2015 that its program for sustainability and social responsibility would be linked to the United Nations Sustainable Development Goals 2030. This was reflected in the launch of the Al Baraka Sustainable Development Program (2016-2020) with a pledge of more than $ 635 million and the creation of 51,000 jobs to finance and support these goals over five years, particularly in the areas of employment, education and health care, which collectively align as seven goals out of the United Nations 17 Sustainable Development Goals of 2030.
Al Baraka Banking Group B.S.C. ("ABG") is licensed as an Islamic wholesale bank by the Central Bank of Bahrain and is listed on Bahrain Bourse and NasdaqDubai. It is a leading international Islamic banking group providing its unique services in countries with a population totaling around one billion. It is rated BBB+ (long term) / A3 (short term) by Islamic International Rating Agency and BB (long term) / B (short term) by Standard & Poor's.
ABG and its Units offer retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari'a. The authorized capital of ABG is US$ 2.5 billion.
The Group has a wide geographical presence in the form of subsidiary banking units and representative offices in 17 countries, which in turn provide their services through over 700 branches. Al Baraka Banking Group has operations in Jordan, Egypt Tunis, Bahrain, Sudan, Turkey, South Africa, Algeria, Pakistan, Lebanon, Saudi Arabia, Syria, Morocco and Germany in addition to one branch in Iraq and two representative offices in Indonesia and Libya.