01-05-2025
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.
