Stemming out from its belief in the importance of developing the human
resources in the Islamic banking sector and to raise the standards of
performance in this sector in the Kingdom of Bahrain as well as help improve the
efficiency of Bahrain employees and prepare young Islamic bankers for leading
the Islamic banking industry in the Kingdom in the future, Al Baraka Islamic Bank
B.S.C.(c), Bahrain, one of the banking units of Albaraka Banking Group (ABG),
announced the launch of the “Ruwad” program, which is designed to train
executive trainees in the Bank. The duration of the program is two years, during
which a trainee receives high level practical and executive training in different
departments of the Bank. He also participates in a series of training courses at
specialized training institutions, following which he will be groomed for taking up
senior positions in different departments of the Bank.
The “Ruwad” Program gives ambitious young Bahrainis a good opportunity to
improve their career and move up the ladder of performance, promotion and selffulfillment,
especially when considering that Al Baraka Islamic Bank possesses a
long experience in Islamic banking extending to more than 25 years and offers
many innovative Islamic banking products and services which are well received
by individual and corporate clients.
On this occasion, Mr. Mohamed Isa Al Mutaweh, General Manager of Al Baraka
Islamic Bank said that the organizing and launch of this high level training
program symbolize the commitment of the Bank to shouldering its social
responsibility in supporting enthusiastic and ambitious young Bahraini university
graduates who study banking and business administration and look forward to
serving their community and taking up senior and decision-making positions in
banks.
Mr. Al Mutaweh added that organizing this program came as a result of
understanding the needs of the Islamic banking sector in Bahrain, specifically in
view of the rapid growth it is witnessing and the challenges that it is facing, for
qualified young bankers who are highly trained to meet the needs and
requirements of this sector both in term of skilled human resources and
advanced technologies.
The General Manager of Al Baraka Islamic Bank added that “It is the Bank’s
policy to look after the talented employees within the Bank and encourage them
to grow within a healthy work environment that encourages seeking excellence
and self-fulfillment. The training and development of employees are on the top of
the Bank’s management priority list. This policy stems out from our strong belief
that human resources are the main factor in all the successes that a bank
achieves. For this reason, the Bank places high priority on developing our young
employees and graduates and we hope that this will help them in improving their
skills and competencies and thus enable them perform their role in the banking
industry in community.
Al Baraka Islamic Bank was established and licensed to operate from Bahrain on
21st February 1984 under a license issued by the Central Bank of Bahrain. The
Bank has an extensive operation in Pakistan through 18 branches located in
main cities and centres. The Bank has a capital of US$600 million, whilst
shareholders equity amounts to US$185 million. The Bank offers commercial
and investment banking services.
Albaraka Banking Group (ABG) is a Bahraini Joint Stock Company listed on
Bahrain and Dubai stock exchanges and one of the well-known leading
international Islamic banks. ABG is the biggest Islamic banking group listed on
the Bahrain Stock Exchange in terms of capitalization. It has been rated by
Standard & Poor's as BBB- with a short-term rating of A-3. ABG offers retail,
corporate and investment banking and treasury services strictly in accordance
with the principles of the Shariá. The authorized capital of ABG is US$1.5 billion,
while the total equity amounts to about US$ 1.5 billion. The Group has a wide
geographical presence in the form of subsidiary banking Units in 12 countries,
which in turn provide their services through more than 240 branches. These
banking Units are Jordan Islamic Bank/ Jordan, Al Baraka Islamic Bank/ Bahrain,
Al Baraka Islamic Bank/ Pakistan, Banque Al Baraka D'Algerie/ Algeria, Al
Baraka Bank Sudan/Sudan, Al Baraka Bank Ltd/ South Africa, Al Baraka Bank
Lebanon/Lebanon, Bank Et-Tamweel Al- Tunisi Al Saudi/ Tunisia,The Egyptian
Saudi Finance Bank/Egypt, Al Baraka Turk Participation Bank/Turkey, Albaraka
Bank Syria (under establishment), and representative office, Indonesia.