Al Baraka عربي

Al Baraka Banking Group Announces the launch of its new global website

Manama I October 11, 2020

The Bahrain headquartered Islamic multinational banking group, Al Baraka Bank Group (ABG), announced the launch of its new global website.
The President & Chief Executive of ABG, Mr. Adnan Ahmed Yousif, stated, “We are very delighted to announce the launch of our newly designed global website for the Group.  We continue to invest in initiatives that enable us to better communicate with our stakeholders and support our objectives across the multiple markets in which are active. The website uses state of the art technology and the redesign offers greater ease of navigation, a more user-friendly experience and makes the web site more responsive across different devices in this digital.”

Mr. Yousif added, “It is also our aim, leveraging our new site, to ensure we provide our stakeholders with the most accurate, up-to-date information on the Group and that the site can effectively support our position as a thought leader better by allowing us to more effectively share our knowledge and expertise in the field of Islamic Banking services.”

Apart from enhancing the look and feel, the website also offers a simplified main menu to provide visitors with ease access to information about the Group including: Investor Relations, Social Responsibility, Corporate Governance etc – all information, just a click away. The global site also more effectively presents and displays the Group’s geographic breadth and strength with visitors more easily able to identify and visit the website of its various Units as represented by their respective country flags.
Understanding the importance of personalisation, which is  playing an increasingly important role in the user experience with language being one of the most overlooked aspects, the site offers  the latest feature in this regard, whereby one can navigate simultaneously between languages for the same content page by simply clicking on the language selector.

Mr. Yousif concluded, “With our new state-of-the-art site now live, we will continue to invest in further technology advancements that support the continued execution of our strategy and enable us to better meet the  challenges that we are posed with today. The Group’s digital transformation strategy includes projects that incorporate advanced technological elements, highlighting our  efforts and commitment  to expediting and making the customer journey as smooth and efficient as possible.”
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 Nasdaq Dubai. 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 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 two branches in Iraq and representative offices in Indonesia and Libya.

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.
S&P Global Ratings has updated the long-term rating on Al Baraka Banking Group B.S.C. to 'BB-' with a 'Stable' Outlook, while affirming the 'B' short-term rating of the bank.

ABG has also been rated BBB+ (long term) / A3 (short term) by Islamic International Rating Agency (IIRA). IIRA has also rated ABG on the national scale at A+ (bh) / A2 (bh) with a fiduciary score of 81-85, the highest level amongst Islamic Financial Institutions in the region.
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