The Award was received by Mohamed Isa Al Mutaweh Member of the Board of Directors and Chief Executive Officer of Al Baraka Islamic Bank in the official ceremony, which was held in London on in the presence of a group of banking leaders and officials from various countries in the region and beyond.
It is noteworthy that the “Euromoney” Islamic Finance Awards are considered the most important and highest awards in the banking sector where they have large credibility and recognition, and this year, they attracted in their twenty-third session more than 600 nominations from banking institutions from various countries of the world. The jury of the Journal studied them on the basis of a closer reading of the key financial performance indicators along with a qualitative assessment of the overall achievements and leading initiatives of these banks during the year based on the opinions of experts and specialists in the banking industry.
In selection of Al Baraka Islamic Bank for this prestigious award, the Euromoney Magazine noted in particular the performance of the Bank and efficiency made in dealing with the unstable operating conditions and variables witnessed in 2012 and its success to accommodate them, thanks to a strategy of innovation and expansion it follows to achieve the good operating results despite the extraordinary challenges on the regional and international arenas.
The board Member and Chief Executive Officer of Al Baraka Islamic Bank Mohamed Isa Al Mutaweh has expressed his deep appreciation for receiving this Award from this prestigious magazine, which reflects the tribute to the efforts of all employees of the Bank aimed to lay the foundations of sophisticated Islamic banking institution that is steadily moving towards leadership in its their markets locally and regionally.
“The success of Al Baraka Islamic Bank to win this award from the” Euro money “represents the best embodiment of the Bank’s success in the application of expansion strategies in local and regional markets, lunching sharia-compliant innovative products and achieving good operating results amid difficult economic and financial conditions prevailing globally and regionally.”