Latest news with #AlBarakaIslamicBankBahrain
Daily Tribune
20-05-2025
- Business
- Daily Tribune
Al Baraka Islamic Bank names Ebrahim Abdullah as winner of Half-a-Million USD
Al Baraka Islamic Bank Bahrain, one of the leading Islamic banks in Bahrain, has announced the winner of the May 2025 alBarakat Grand Prize. Mr. Ebrahim Ahmed Abdulla has been awarded a monthly salary of totalling $500,000 on the span of four years. The draw for the May 2025 alBarakat Grand Prize was conducted in the presence of bank officials with internal and external auditors, under the supervision of the Ministry of Industry and Commerce. The winner was announced and honoured during a special ceremony held on Wednesday, 14 May, at the bank's headquarters in Bahrain Bay. This month's Grand Prize is part of the ongoing alBarakat Awards, which exemplify the bank's commitment to offering valuable prizes throughout the year. The initiative aims to provide customers with an exceptional banking experience that aligns with their aspirations and ambitions. The 2025 alBarakat Grand Prizes total $4 million, making them the largest of their kind. The upcoming Grand Prizes draws are scheduled for June and July, featuring monthly salaries of $10,000 for one year, totalling $120,000, awarded to one lucky winner in each draw. Dr Adel Salem, CEO of Al Baraka Islamic Bank, stated, "Congratulations to Mr Ebrahim Ahmed Abdullah and his family on winning the May 2025 Grand Prize. We wish all our customers the best of luck in upcoming draws, which will feature more valuable prizes to enrich their lives and help realise their financial goals." Mr Mazin Dhaif, Chief Retail Officer, commented, "We are delighted to continue offering alBarakat Grand Prizes as a token of appreciation for our customers' trust and loyalty. Congratulations to Mr Ebrahim Abdullah on winning the May Grand Prize which is a monthly salary for four years, totalling $500,000, wishing him the very best.' He continued, 'We anticipate the coming months for more valuable prizes and encourage everyone to participate and increase their chances of winning by investing or maintaining higher balances in their alBarakat accounts." On his part, Mr. Ebrahim Ahmed Abdullah expressed his delight at winning the prize, thanking Al Baraka Islamic Bank for the honor and encouraging others to open and invest in the alBarakat Account, highlighting its excellent savings benefits and multiple opportunities to win valuable prizes throughout the year. Compliant with Islamic Sharia principles, alBarakat Account provides numerous opportunities to win cash prizes throughout the investment period by depositing a minimum of BD50 or USD135.
Daily Tribune
15-05-2025
- Business
- Daily Tribune
Al Baraka Islamic Bank joins Al Helli supermarkets in celebrating golden jubilee
Al Baraka Islamic Bank Bahrain, a leading Islamic financial institution in the Kingdom, has recently announced the launch of a special promotional campaign to join Al Helli Supermarkets in celebrating their Golden Jubilee, marking 50 years since their establishment in the Kingdom of Bahrain in 1975. The promotional campaign will start May 15th and will run until June 15th. During this period, Al Baraka Islamic Bank will select 50 customers by draw to win a full cashback refund on their purchases made in Al Helli Supermarkets using Al Baraka Mastercard credit cards, up to a maximum of BD200, provided they spend at least BD50 per transaction during the promotional period. On this occasion, Mr. Mazin Dhaif, Chief Retail Officer at Al Baraka Islamic Bank, stated: 'We are delighted to join Al Helli Supermarkets in celebrating their Golden Jubilee and 50 years of successful operations in the Kingdom of Bahrain, through the launch of this exclusive promotional campaign. This initiative gives our valued Mastercard credit cardholders rewarding opportunities to win full cashback on their purchases when using their cards in any branch of Al Helli Supermarkets across Bahrain. This campaign affirms that the strategic partnership between Al Baraka Islamic Bank and Al Helli Supermarkets extends beyond this promotional initiative, ensuring that the relationship remains ongoing and continues to evolve through future joint projects and offers.' He added: 'This initiative is part of Al Baraka Islamic Bank's strategy to strengthen our relationships with partners and expand the scope of our services. The Bank is always keen to offer unique promotions that meet the aspirations of our customers and provide them with opportunities to win exclusive rewards. Our partnership with Al Helli Supermarkets is an example of our commitment to providing exceptional shopping experiences and greater value to our loyal customers, by expanding our network of partnerships and collaborating with leading commercial organisations in the Kingdom. We invite all our valued customers to seize this opportunity and benefit from this valuable promotional campaign, making their shopping experience during this period both rewarding and profitable at Al Helli Supermarkets.' For his part, Mr. Ammar Al Helli, Chairperson of Al Helli, said: 'We are proud of our 50-year journey serving the Bahraini community through our network of Al Helli Supermarkets branches located throughout the Kingdom, where we provide a comprehensive shopping experience and offer a wide range of high-quality products to our valued customers.' He added: 'As we celebrate 50 years since the founding of Al Helli Supermarkets, we are pleased to collaborate with Al Baraka Islamic Bank in launching this special promotional campaign, providing our valued customers with a rewarding and profitable shopping experience. We welcome all customers visiting Al Helli Supermarkets to benefit from this valuable campaign and look forward to serving all our valued customers and meeting all their shopping and product needs.' Al Helli Supermarkets began its journey in 1975, starting as a small shop and growing to become one of the most prominent and successful institutions in the retail sector in the Kingdom of Bahrain, now boasting 14 branches across the Kingdom.
Daily Tribune
01-05-2025
- Business
- Daily Tribune
Al Baraka Islamic Bank launches Quick Finance
Al Baraka Islamic Bank Bahrain, one of the leading Islamic banks in the Kingdom of Bahrain, has announced the launch of 'Quick Finance' for Corporate & SME clients, an innovative addition to its product suite designed to support companies in managing their working capital needs. This new financing solution from Al Baraka Islamic Bank offers Corporate & SME clients the speed and flexibility to access funds, enabling them to manage daily operations efficiently, ensure seamless business continuity and enhance their growth and competitiveness. Tailored solution The 'Quick Finance' provides a banking solution tailored to companies' cash-flow cycles, offering the flexibility required to meet evolving market demands. The product is designed to guarantee rapid and straightforward access to finance, allowing businesses to maintain liquidity and financial stability without compromising their agility or growth potential. On this occasion, Mr Amr Mohamed Al Shaher, Head of Corporate Banking at Al Baraka Islamic Bank, commented: 'We are delighted to announce the launch of 'Quick Finance' for Corporate & SME clients, which reflects Al Baraka Islamic Bank's ongoing efforts to develop effective and streamlined banking solutions that meet the diverse needs of our esteemed clients, particularly the corporate sector given its significant economic importance and pivotal role in the national economy.' He continued: 'The introduction of 'Quick Finance' aligns with Al Baraka Islamic Bank's commitment and continual dedication to supporting the growth of companies in the Kingdom of Bahrain by offering flexible and rapid access to financing through simple steps, thereby contributing to the success and prosperity of their business activities and enhancing their growth prospects and competitive capabilities.' 'At Al Baraka Islamic Bank, we believe in the importance of the corporate sector as a fundamental pillar and essential driver of the national economy. Accordingly, we remain determined to uphold our commitment to delivering further innovative banking initiatives and solutions that equip companies and SMEs with the necessary tools to meet their operational capital requirements and manage cash flows with ease, supporting and stimulating their efforts to develop their businesses and foster growth opportunities,' Mr Al Shaher added. Al Baraka Islamic Bank is among the foremost Islamic banks in the Kingdom of Bahrain. Since its inception in 1984, it has achieved outstanding results across its retail and corporate operations, earned a reputation for innovation and developed Sharia-compliant investment solutions.
Daily Tribune
03-03-2025
- Automotive
- Daily Tribune
Cash prizes included: Al Baraka Islamic Bank expands special offers on car financing during Ramadan
Al Baraka Islamic Bank Bahrain, one of the leading Islamic banks in the Kingdom of Bahrain, has announced that its ongoing exceptional '12X12X12' auto finance campaign continues to provide a unique opportunity for those seeking car financing, where the bank will pay 12 months instalments for 12 lucky customers. This initiative allows customers to secure the financing and rewarding them for their choice, reflecting the bank's commitment to providing innovative financial solutions tailored to clients' needs. In addition to this ongoing promotion, and on the occasion of the advent of the Holy Month of Ramadan, the bank also announced an additional benefit, allowing customers who apply during this promotional period to avail the opportunity to receive cash rewards of up to BD 200, exclusively set aside for the first 70 clients, as well as additional rewards. The promotion also includes a very attractive and competitive profit rate, making it an ideal option for customers looking for car finance during the Holy Month. Furthermore, the bank offers a grace period of up to six months, allowing customers to repay their indebtedness with greater flexibility and without the immediate pressure of payments at the start of the repayment period. The promotion features swift approval and an easy, efficient processing of applications within one day, ensuring a convenient experience for customers. This initiative underscores the bank's dedication to delivering high-quality services that encompass all aspects of financing, reaffirming Al Baraka Islamic Bank's persistent commitment to meeting customer needs. Commenting on the occasion, Mr. Mazin Dhaif, Chief Retail Officer at Al Baraka Islamic Bank Bahrain, stated: 'We are delighted to introduce these special car financing offers during the blessed month of Ramadan, reflecting our dedication to providing distinctive and suitable financing solutions for all customers. We recognise the significance of this month for our clients, and we are committed to offering real value through these unique promotions.' He added: 'I encourage all valued customers to take advantage of this exceptional opportunity, as accessible car financing plays a vital role in helping them fulfil their aspirations and meet their needs. We are continuously working on innovating new offers to meet their expectations, and we thank them for their unwavering support and engagement with us during this period.'
