London-based International Finance Magazine has conferred the 2014 award for 'Best Islamic Bank' in Bahrain to Bahrain Islamic bank. The trophy and certificate were presented on November 18 at a gala dinner in the ballroom of the Jumeirah Carlton Tower in London.
Founded in 1979, Bahrain Islamic Bank B.S.C. provides retail and corporate banking solutions primarily in the Kingdom of Bahrain. It operates through retail, corporate, and investment segments. The company also provides Islamic banking solutions; manages and develops real estate; and operates an open ended investment fund. It operates a network of seven branches and four financial malls, and 56 ATMs.
Mohammed Ahmed Hassan, acting CEO, Bahrain Islamic Bank, said: "We are pleased and proud to receive the award from this magazine, which is a highly respected and reputed publication that is well recognised in the world's banking industry. Winning this award is testimony of the bank management's positive policies and fruitful plans for the development of performance and enhancement of the bank's status on the regional and global levels."
Hassan added that the award will strengthen the bank's position and leadership in the Islamic banking scene in Bahrain and in the regional level given that Islamic banking has become well established worldwide. "Winning such a prestigious international award makes us more responsible in the future to maintain this outstanding level of service and operations. This achievement is an impetus for us to make more effort to develop Islamic banking services and products in our bank to meet the needs and requirements of our customers," he said.
