Manama I December 21, 2020
The Bahrain headquartered Islamic multinational banking group, Al Baraka Banking Group (ABG), today announced the launch of the Al Baraka e-Academy, leveraging its advanced digital capabilities and resources in order to provide over 12000 employees across its 17 markets of operation with enhanced access to high quality, cost effective training and development through a robust, proprietary online learning portal.
Employees worldwide will now be able to seamlessly take part in a rich and varied range of digital trainings including those focused on Sharia’, Marketing, Retail, Corporate and SME banking, Operations, Finance, Credit, Risk, Internal Audit, Corporate Governance, Compliance, IT, Digitalization, Management, and interpersonal skills, among others.
ABG already invests significantly in training and development having launched the Al Baraka Academy in 2016. The Academy was established with a mission to offer Corporate Training & Development programmes that help employees build their skills and support career progression as well as helping to drive enhanced overall standards and performance across the Group. To date, courses offered by the Academy have seen participation from over 1463 employees of ABG and its subsidiaries.
The e-Academy will now enable ABG to more quickly and effectively scale its training and development offering, allowing for even more of its employees around the world to take part and benefit. The e-Academy, which aims to serve as one-stop career development portal for staff across levels and functions, will provide rich educational content that is home grown yet world class in nature and that is delivered in a well organised, easy to use and highly interactive way.
Commenting, President & Chief Executive of ABG, Mr. Adnan Ahmed Yousif, said, “This is another milestone in our strategy, as a Group, to invest in initiatives that help us continue to raise the bar for excellence and innovation in the delivery of Islamic banking products and services across each and every one of the markets where we are active. With the creation of our e-Academy, we have become even more agile in meeting the training requirements of our employees and ensuring they have the skills and knowledge needed to both advance as individuals and to support the further development of their respective organisations, no matter where they are physically located. This added flexibility to the way our colleagues can learn and grow could not be better timed given the challenges and restrictions placed on travel today. We are excited to see the platform go live and to putting its customised content and functionality at the disposal of our colleagues around the world.”
The Al Baraka Academy has welcomed senior professionals from across its Units to contribute to the courseware. Already the participation for the courses during 2019 and 2020 from the subsidiary banks across the globe has been encouraging. The e Academy will now facilitate participation in larger numbers.
Ends
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 around 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.
Employees worldwide will now be able to seamlessly take part in a rich and varied range of digital trainings including those focused on Sharia’, Marketing, Retail, Corporate and SME banking, Operations, Finance, Credit, Risk, Internal Audit, Corporate Governance, Compliance, IT, Digitalization, Management, and interpersonal skills, among others.
ABG already invests significantly in training and development having launched the Al Baraka Academy in 2016. The Academy was established with a mission to offer Corporate Training & Development programmes that help employees build their skills and support career progression as well as helping to drive enhanced overall standards and performance across the Group. To date, courses offered by the Academy have seen participation from over 1463 employees of ABG and its subsidiaries.
The e-Academy will now enable ABG to more quickly and effectively scale its training and development offering, allowing for even more of its employees around the world to take part and benefit. The e-Academy, which aims to serve as one-stop career development portal for staff across levels and functions, will provide rich educational content that is home grown yet world class in nature and that is delivered in a well organised, easy to use and highly interactive way.
Commenting, President & Chief Executive of ABG, Mr. Adnan Ahmed Yousif, said, “This is another milestone in our strategy, as a Group, to invest in initiatives that help us continue to raise the bar for excellence and innovation in the delivery of Islamic banking products and services across each and every one of the markets where we are active. With the creation of our e-Academy, we have become even more agile in meeting the training requirements of our employees and ensuring they have the skills and knowledge needed to both advance as individuals and to support the further development of their respective organisations, no matter where they are physically located. This added flexibility to the way our colleagues can learn and grow could not be better timed given the challenges and restrictions placed on travel today. We are excited to see the platform go live and to putting its customised content and functionality at the disposal of our colleagues around the world.”
The Al Baraka Academy has welcomed senior professionals from across its Units to contribute to the courseware. Already the participation for the courses during 2019 and 2020 from the subsidiary banks across the globe has been encouraging. The e Academy will now facilitate participation in larger numbers.
Ends
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 around 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.