Al Baraka Islamic Bank announced its strategic partnership with the Bahrain Institute of Banking & Finance (BIBF), as it joins the corporate sponsorship project within the BIBF new iconic building at Bahrain Bay.
The agreement to this effect will see classrooms named after Al Baraka Islamic Bank, at the BIBF’s new state-of-the-art building, with an expected inauguration later this year to serve the training needs of the financial sector in the Kingdom of Bahrain and beyond.
This partnership will increase brand awareness and reinforce the positioning of Al Baraka Islamic Bank as a major supporter of human capital development in the Kingdom, especially in the field of Islamic finance.
On this occasion, Chief Executive Officer of Al Baraka Islamic Bank, Mr. Hamad Abdullah Al Oqab, said, “We at Al Baraka Islamic Bank attach great importance to investing in education and development of local talents and competencies, especially in the field of Islamic banking and finance.”
He also added, “This step comes in line with our vision of building a well-educated workforce with strong capabilities to advance the banking sector to new levels, and we’re very proud to be part of this national project that seeks to provide the training and development opportunities for the sector to prepare the next generation of Islamic bankers in Bahrain.
On his part, The BIBF Director, Dr. Ahmed Al Shaikh stated, “We are extremely honoured to have the backing of Al Baraka Islamic Bank, as a pioneer in Islamic banking, in launching our new iconic building, which marks an important milestone in the development of Bahrain’s financial services sector, the educational sector and the national economy as a whole.”
He also added, “This large-scale project comes in line with the BIBF’s expansion plan to further accommodate the growing demand and improve the learning experience, contributing to Bahrain’s skyline as an iconic symbol of modern architecture and distinguished educational edifice.” It is worth mentioning that construction on the BIBF’s new landmark commenced earlier last year with a total structural area of 25,000 square meters that stands as a luxury waterfront development; providing the latest technologies, cutting-edge facilities and digital innovation to ensure the highest standards of efficiency, and a unique learning experience.