Al Baraka Islamic Bank signs agreement with University College of Bahrain

Al Baraka Islamic Bank signs agreement with University College of Bahrain

Al Baraka Islamic Bank (AIB), has signed an agreement with University College of Bahrain to provide education financing for students who wish to enroll at the university. The ceremony which was held between both entities at Al Baraka's headquarters, was attended by Mr. Tariq Kazim General Manager – Business Group of Al Baraka Islamic Bank, and Shaikh Dr. Khalid bin Mohammed Al Khalifa, UCB's Founder and Executive Chairman, along with senior officials from both parties including Ms. Fatema AlAlawi, Head of Retail Banking and Mr. Mohamed Jamali, Section Head product development at Al Baraka Bank, and Dr Rasha Samir, UCB's Acting President, in addition to other staff members. Through the newly introduced education financing scheme, the bank aims to encourage promising students to achieve a higher education degree in order to advance in their future careers through local institutions that are fully-equipped to prepare the future generation with the necessary skills required to enter the job market. The education financing scheme offers low profit rates over a maximum tenor of 3 years to those wishing to attain a higher education degree at local institutions. Commenting on this occasion, Mr. Tariq Mahmood Kazim, General Manager – Business Group of