News   

   2019
   
 

Al Baraka Islamic Bank (Bahrain) announces the appointment of Hamad Abdulla Al Oqab as new Chief Executive Officer

 Manama I 8 April, 2019

Al Baraka Islamic Bank B.S.C(c) the subsidiary of Al Baraka Banking Group B.S.C. announced the appointment of Mr. Hamad Abdulla Al Oqab as Chief Executive Officer of the Bank.

In addition to his new position, Mr. Al Oqab is the Deputy Chief Executive of Al Baraka Banking Group B.S.C. and has over 25 years of banking experience. He is currently also Chairman of the Accounting Standards Board of (AAOIFI) the Accounting and Auditing Organization for Islamic Financial Institutions. He is also a member of the Board of Directors of Al Baraka Turk Participation Bank, Jordan Islamic Bank, Banque Al Baraka de Algerie and Al Baraka Bank Egypt.

The Bank also announced the promotion of Mr. Tariq Mahmood Kazim to the position of General Manager of the Bank's Business Group.

Prior to his promotion, Mr. Tariq Kazim was Deputy General Manager of the Bank's Support Services Group. Mr. Kazim has 35 years of experience in banking, support services and applying banking systems. He is also the Vice Chairman of Al Baraka Bank of Pakistan, Chairman of the Executive Committee of the Board of Directors and Social Responsibility Committee of the Bank.
Mr. Adnan Ahmed Yousif the President & Chief Executive of Al Baraka Banking Group B.S.C. and Deputy Chairman of Al Baraka Islamic Bank stated, "We at Al Baraka Banking Group look at the Bahrain market as one of our major markets amongst our operations in sixteen countries, spanning three continents. We are counting on these new appointments in the executive management of Al Baraka Islamic Bank, in particular the appointment of the new Chief Executive Officer, to enhance the Bank's position within the overall strategy of Al Baraka Banking Group. I extend my sincere congratulations to our dear brothers Hamad Al Oqab and Tariq Kazim".


On his part, Mr. Hamad Abdulla Al Oqab stated, "I would like to extend my sincere thanks and appreciation to the Board of Directors of the Bank for assigning me this new responsibility.  I would like to seize this opportunity to reiterate that I will continue to make every effort along with my colleagues in the Bank to upgrade our business in accordance with the new strategy, which focuses on providing the best services and products to customers, while continuing to build strong and constructive partnerships with them as well as with all our institutional partners, banks, private and government bodies to achieve our mutual goals and benefits."

About Al Baraka

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 697 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.


 

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