The voting in favor of Al Baraka Islamic Bank to win this award for the year 2012 was through the annual referendum organized by «Islamic Finance News», where it invited Islamic financial companies and investors and companies from outside the banking sector and government institutions from around the world to participate in this referendum. The Islamic Finance News is based in Kuala Lumpur and it is an international institution specialized in providing news for the Islamic financial sector.
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.
“We are honored to get this distinguished honoring from Islamic Finance News and institutions working in the Islamic finance industry around the world. The Bank has achieved during the past few years many excellent initiatives both in terms of expanding its market share in local banking industry or at the level of arrangement of several financing deals locally and regionally, as well as improving the quality and quantity of its Islamic services and products for all segments of society. This Award comes to confirm our commitment to providing distinct banking services for companies and individuals alike,” Mohamed Isa Al Mutaweh, Board Member and Chief Executive Officer of Al Baraka Islamic Bank said.