Manama I March 26, 2023
The Bahrain based Al Baraka Group B.S.C ("ABG" / the “Group”) has announced two of its Units won the prestigious Islamic Finance News Awards for “Best Digital Offering”. The winners were selected based on an annual comprehensive referendum conducted by the Islamic Finance News magazine. Over 38,000 votes were cast this year, and the voting process was refined, allowing only local professionals to vote for banks in their respective domestic markets, thereby making the outcome a more accurate and representative reflection of the Islamic banking landscape.
Al Baraka Turk Participation Bank and Al Baraka Bank Limited – South Africa beat other innovative peers and scooped up their awards at the recently held awards ceremony in Dubai.
Meanwhile, Al Baraka Bank Tunisia’s ''Banecti'' Mobile Banking application won the Elected Product of the Year 2023 award, an award established 30 years ago in more than 45 countries around the world and in Tunisia since 2016. “Banecti” Mobile Banking application launched in October 2022 was selected as a finalist by a panel of experts based on its high standards of innovation and offering value added features for consumers in Tunisia.
These awards reaffirm ABG’s efforts to enhance its digital offering in line with the Group’s vision for its Units to become leaders in digital participation banking globally.
ABG’s Units have begun launching new solutions and features as part of their digital transformation journey including advanced mobile banking applications, wallets, customer digital onboarding feature, backoffice automation, Chatbots, different open banking initiatives, and digital branches.
Mr. Houssem Ben Haj Amor, Group Chief Executive Officer of Al Baraka Group commented: “It is our mission to fulfill the financial needs of our customers by conducting business through an ethical customer-centric approach that is tailored for the digital age. We believe that enhancing our digital offerings will build the capabilities needed to remain competitive and these awards are a testament to our success in delivering innovative digital products and services to our customers across the Group”.
Also during the IFN awards ceremony, Al Baraka Bank South Africa won the “Best Islamic Bank in South Africa” and “Deal of the Year” Awards. ABG’s Unit in Jordan, the Jordan Islamic Bank, won “Best Corporate Bank”, “Best Investment Bank”, “Best Islamic Bank” and “Best Retail Bank” Awards.
Al Baraka Turk Participation Bank and Al Baraka Bank Limited – South Africa beat other innovative peers and scooped up their awards at the recently held awards ceremony in Dubai.
Meanwhile, Al Baraka Bank Tunisia’s ''Banecti'' Mobile Banking application won the Elected Product of the Year 2023 award, an award established 30 years ago in more than 45 countries around the world and in Tunisia since 2016. “Banecti” Mobile Banking application launched in October 2022 was selected as a finalist by a panel of experts based on its high standards of innovation and offering value added features for consumers in Tunisia.
These awards reaffirm ABG’s efforts to enhance its digital offering in line with the Group’s vision for its Units to become leaders in digital participation banking globally.
ABG’s Units have begun launching new solutions and features as part of their digital transformation journey including advanced mobile banking applications, wallets, customer digital onboarding feature, backoffice automation, Chatbots, different open banking initiatives, and digital branches.
Mr. Houssem Ben Haj Amor, Group Chief Executive Officer of Al Baraka Group commented: “It is our mission to fulfill the financial needs of our customers by conducting business through an ethical customer-centric approach that is tailored for the digital age. We believe that enhancing our digital offerings will build the capabilities needed to remain competitive and these awards are a testament to our success in delivering innovative digital products and services to our customers across the Group”.
Also during the IFN awards ceremony, Al Baraka Bank South Africa won the “Best Islamic Bank in South Africa” and “Deal of the Year” Awards. ABG’s Unit in Jordan, the Jordan Islamic Bank, won “Best Corporate Bank”, “Best Investment Bank”, “Best Islamic Bank” and “Best Retail Bank” Awards.