News   

   2011
   
 

Finance Offers From Al Baraka Islamic Bank in Bahrain International boat Show at Amwaj Island

 Al Baraka Islamic Bank B.S.C (C) takes place in finance sponsoring the Bahrain International Boat Show, which was held from 24 - 27 Nov 2011 in Amwaj Island.  For all who love marine activities and facing difficulties to own the high cost boats and other equipments, Al Baraka Islamic Bank worked to make this dream is easily achieved through this finance offer.

The bank provided this type of finance for Bahrainis and Residents people who match bank's standards and criteria, this finance supplying funding for purchasing boats up to BD 100,000  for 7 years, and the profit rates are very competitive starts from 3.75%, with no down payment and a grace period up to 3 months to start payments. The approval during one day of applying the request.

On the other hand, the bank had a specialist staff in this kind of finance to receive requests and to give decisions on the requests at the same time during the show days.

Bahrain International Boat Show held for the 3rd year in Kingdom of Bahrain, its organized by Knotika holding and in cooperation with Bahrain Development Bank. More than 100 local and international participants participated in this show and displayed more than 150 products from various international brands. The show has been attracted this year more than 15000 visitors.

Al Baraka Islamic Bank is one the subsidiary banking units of Al Baraka Banking Group. Al Baraka Banking Group (ABG) is a Bahrain Joint Stock Company listed on Bahrain Bours and Nasdaq Dubai stock exchanges. It is a leading international Islamic bank with Standard and Poors investment grade long term counterparty credit rating of BBB- / A-3 (Short Term) with a Negative Outlook. ABG offers retail, corporate and investment banking and treasury services strictly in accordance with the principles of the Islamic Shari'a. The authorised capital of ABG is US$1.5 billion, while total shareholders' equity amounts to about US$1.8 billion. The Group has a wide geographical presence in the form of subsidiary banking Units and representative offices in twelve countries, which in turn provide their services through more than 400 branches. These banking Units are Jordan Islamic Bank, Al Baraka Islamic Bank, Al Baraka Bank Pakistan Limited; Banque Al Baraka D'Algerie, Al Baraka Bank Sudan; Al Baraka Bank Limited, South Africa; Al Baraka Bank Lebanon; Al Baraka Bank Tunisia; Al Baraka Bank Egypt; Al Baraka Turk Participation Bank, Al Baraka Bank Syria and representative offices in Indonesia and Libya (under formation).

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