Al Baraka Islamic Bank receives 2023 Best Islamic Corporate Financing for SMEs award

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Al Baraka Islamic Bank announced it recently won the award for Best Islamic Corporate Financing for Small and Medium Enterprises (SMEs) in 2023 from Global Business Outlook (GBO).

This award stands testament to the Bank's commitment to the guidelines issued recently by the Central Bank of Bahrain, under the leadership of Rashid Mohammed Al Maraj, to retail banks operating in Bahrain regarding the financing requirements of small and medium enterprises (SMEs) in the Kingdom.

Fahad AlBalooshi, Chief Corporate & Institutional Banking Officer emphasized the bank's dedication to supporting small and medium enterprises (SMEs) in Bahrain and stated that the Bank aims to play a significant role in driving the recovery and advancement of the SME sector in Bahrain considering them an essential part of our vision for sustainable economic growth.