Al Baraka Banking Group, a Bahrain-based leading Islamic banking group, said five of its units won Islamic Finance News Awards 2015 as the ‘Best Islamic Banks’ in the region through the annual comprehensive referendum, conducted by the Islamic Finance News magazine.
The units included the ones in Egypt, Lebanon, Sudan, Jordan and South Africa, said a statement.
Islamic financial companies and investors and companies from outside the banking sector and government institutions from around the world took part in the referendum.
The Islamic Finance News Awards are considered the most transparent and competitive international awards, and are subject to strict standards when voting, where companies and banks are not allowed to vote for themselves, but are subject to the judgment of others.
Hassan Hassani, vice president Corporate Communications and PR – in Al Baraka Banking Group received these awards on behalf of the winning units of the group in the annual ceremony, which was held in Dubai, UAE.
Adnan Ahmed Yousif, board member, president and chief executive of ABG, said: “We are pleased today to see the winning of ABG units of these awards for the third consecutive year, which reflects the leading status that ABG and its banking units enjoy after successful career filled with achievements over the last years from one side and the good reputation as well as the distinguished banking position that these units enjoy in the Islamic banking sector locally, regionally and globally from the other side.
“The subsidiary banking units of our group have come to be amongst the leading financial institutions in servicing their communities and are most established in terms of their expertise and knowledge of the local markets, which reflect the success of Al Baraka Banking Group’s vision and strategy which are based on enhancing the positions of subsidiary units, strengthening their capital resources and creating strong business relationships between the units.”
Originally published on www.tradearabia.com