Al Baraka Islamic Bank (AIB), one of the leading Bahraini financial institutions in the field of Islamic banking, announced its first Sharia compliant educational financing scheme through services leasing, with Ahlia University, following a recent signing ceremony, which was held between both entities at Al Baraka’s headquarters.
The ceremony was attended by Mr. Tariq Kazim General Manager – Business Group of Al Baraka Islamic Bank, Ms. Fatema AlAlawi, Head of Retail Banking and other senior officials from Al Baraka Islamic Bank, in addition to Professor Abdulla Yusuf Abdulwahab Al Hawaj, Managing Director of Ahlia University, Professor Mansoor Ahmed AlAali, President of Ahlia University and Dr. Yusuf Janahi, Assistant Professor Information Technology Dept. College of Information Technology from Ahlia university.
The newly introduced education financing scheme offers low profit rates over a maximum tenor of 3 years, encouraging students to pursue their academic goals at local institutions. Through this partnership, the Bank aims to encourage prospective students to advance their career through institutions that are fully-equipped to prepare the future generation with the necessary skills required to enter the labour market.
Source: Zawya