MANAMA: Mr. Adnan Yousif, the President and Chief Executive of Al Baraka Banking Group, has won the “Excellence in Partner Empowerment Award for 2019.”
The ceremony was held in Kuwait in the presence of the Chairman of the Regional Social Responsibility Network, Prof. Youssef Abdel Ghaffar, amongst Arab and international personalities representing more than 12 Arab and foreign countries.
“I am proud of this prestigious award, and I am even more proud of it when I look at its implications for enabling our partners in social responsibility efforts and programs. We, at Al Baraka Banking Group, consider the fundamental goal of sustainability and social responsibility is to achieve sustainable economic growth through prudent management of natural resources and human resource development as well as improving the standard of living of the communities in which we operate. Thus, the concept of social responsibility and sustainability is in line with values of Islam, and is thus in line with the values and the well-established principles and Vision of Al Baraka,” Adnan Ahmed Yousif said.
“On the basis of the philosophy of empowering partners, when the United Nations General Assembly adopted on September 25, 2015 unanimously 17 global sustainable development goals by 2030, Al Baraka announced its support for these goals on November 3, 2015. This was embodied by launching Al Baraka Sustainable Development Program (2016-2020), which linked Al Baraka’s sustainable development objectives to the United Nations goals of sustainable development with a pledge of more than $ 635 million to fund and support these goals over five years, particularly in the area of job creation, education and health care, which are linked to seven goals out of the seventeen goals of the sustainable development for the year 2030.”
Al Baraka Banking Group B.S.C. (ABG) is licensed as an Islamic wholesale bank by the Central Bank of Bahrain and is listed on Bahrain Bourse and NasdaqDubai. It is a leading international Islamic banking group providing its unique services in countries with a population totaling around one billion. It is rated BBB+ (long term) / A3 (short term) by Islamic International Rating Agency and BB (long term) / B (short term) by Standard & Poor’s.
ABG and its Units offer retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari’a. The authorized capital of ABG is US$ 2.5 billion.
The Group has a wide geographical presence in the form of subsidiary banking units and representative offices in 17 countries, which in turn provide their services through over 700 branches. Al Baraka Banking Group has operations in Jordan, Egypt Tunis, Bahrain, Sudan, Turkey, South Africa, Algeria, Pakistan, Lebanon, Saudi Arabia, Syria, Morocco and Germany in addition to one branch in Iraq and two representative offices in Indonesia and Libya.
