Al Baraka
Al Baraka Islamic Bank Bahrain (AIB - Bahrain) established 1984 in Bahrain and up the years has pioneered the development of Islamic banking and finance. AIB - Bahrain is one of the Banking Units of Al Baraka Banking Groups (ABG). ABG is a Bahraini Joint Stock Company listed on Bahrain and Dubai stock exchanges and one of the well-known leading international Islamic banks. It has been rated by Standard & Poor’s as BBB- with a short-term rating of A-3. AIB - Bahrain with a longstanding track record of delivering excellence, innovation and superior results, the Bank ranks among the leading providers of Islamic investment banking products and services to a growing global clientele, focused exclusively on the development and delivery of unique investment solutions of Sharia’a compliant.
On demand accounts are not entitled to receive profits but do not bear any loss either. They are designed specifically to meet the needs of customers who want to deposit or withdraw funds by cheques, through cash tellers at bank branches or through the ATM machines. This account is also available to companies, establishments, social organizations, clubs and other entities. Al Baraka Islamic Bank is always ready to deal with all requests for opening documentary letters of credit, whether the requests are for the importation of goods and materials for domestic consumption or for re-export. Al Baraka Islamic Bank has the ideal solutions for all these requirements. All that a corporate customer needs to do is provide us with a list of its requirements and they will design an appropriate solution for it.
For more information, please visit http://www.barakaonline.com
