Al Baraka Islamic Bank (AIB) has been named the ‘Best Islamic Retail Bank in the Kingdom of Bahrain’ at the eighth edition of the Cambridge Islamic Retail Banking Awards (IRBA).

The bank has won the award for the second year in a row.

A first-of-its-kind Islamic banking awards programme, IRBA are based on the most academically rigorous analysis of global Islamic banking efficiency performance.

The awards honour individuals and institutions who have demonstrated great commitment and made significant contributions to the development, growth, and success of Islamic retail banking.

Candidates are assessed by a panel of independent experts based on the new efficiency model developed by Cambridge IF Analytica.

Al Baraka Islamic Bank’s chief retail officer Fatema AlAlawi said: “Our continuous consideration and care for our customers has led to this recognition from the Islamic Retail Banking Awards, which reflects the fact that we constantly strive to improve our banking products and services to meet the varied requirements and needs of our valued customers. Winning the award highlights our success in launching many initiatives throughout the past years, and we look forward to maintaining this high level of excellence for Al Baraka Islamic Bank to remain at the forefront of the banking sector.”

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