PHOTO
Manama, Bahrain: Al Baraka Islamic Bank (AIB), one of the leading Bahraini financial institutions in the field of Islamic banking, announced its first Sharia compliant educational financing scheme through services leasing, with Ahlia University, following a recent signing ceremony, which was held between both entities at Al Baraka’s headquarters.
The ceremony was attended by Mr. Tariq Kazim General Manager – Business Group of Al Baraka Islamic Bank, Ms. Fatema AlAlawi, Head of Retail Banking and other senior officials from Al Baraka Islamic Bank, in addition to Professor Abdulla Yusuf Abdulwahab Al Hawaj, Managing Director of Ahlia University, Professor Mansoor Ahmed AlAali, President of Ahlia University and Dr. Yusuf Janahi, Assistant Professor Information Technology Dept. College of Information Technology from Ahlia university.
The newly introduced education financing scheme offers low profit rates over a maximum tenor of 3 years, encouraging students to pursue their academic goals at local institutions. Through this partnership, the Bank aims to encourage prospective students to advance their career through institutions that are fully-equipped to prepare the future generation with the necessary skills required to enter the labour market.
Commenting on this occasion, Mr. Tariq Mahmood Kazim, General Manager – Business Group of Al Baraka Islamic Bank said: “We are proud to be at the forefront of the banking industry to offer students the opportunity to complete their higher education with our newly launched financing scheme designed to meet their needs. This scheme goes in line with our efforts to empower the future generation by ensuring they receive top quality education and are capable of entering the job market upon graduation. We are also pleased to have Ahlia University as the first educational institution on board with this new scheme and look forward to partnering with more universities across the Kingdom.”
“We are delighted to partner with a reputable bank such as Al Baraka Islamic Bank, and fully support their initiative in investing in students of the Kingdom of Bahrain, as we hope to contribute towards their educational success. At Ahlia University, we offer students a wide selection of programs which will help prepare them for their future careers.” said Professor Abdulla Yusuf Abdulwahab Al Hawaj, Managing Director of Ahlia University.
For any further information, kindly visit our website at www.albaraka.bh
-Ends-
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
