Within the framework of social responsibility towards the society and on the basis of faith in the importance of training and rehabilitation of young cadres, Al Baraka Banking Group and Al Baraka Islamic Bank organized an introductory ceremony for the new batch of undergraduate trainees, which included 24 students for the summer training program.
The meeting with the trainees were attended by Mr. Adnan Ahmed Yousif the Board Member and President & Chief Executive of Al Baraka banking Group, Mr. Mohamed Isa Al Mutaweh Board Member and Chief Executive Officer of Al Baraka Islamic Bank, Mr. Abdulrahman Shehab, Executive Vice President - Head of Operations and Administration at Al Baraka Banking Group, as well as a number of officials in the Group and the Bank.
These students are completing at the moment their study at the University of Bahrain, as well as in other major private universities. As part of the training program, students will receive intensive hands-on training for two months in various key departments in the Group and the Bank, which will introduce them to the various departments and activities practiced by the Bank related to retail banking, corporate banking, private banking, treasury, operations, public relations and others. During the program each trainee will be subject special training plan to ensure that students benefit from the training.
Mr. Adnan Ahmed Yousif welcomed at the beginning of the meeting, the new trainees in the Group, stressing that the Group and its units are proud today that they have large and prestigious community contributions, which come in the forefront of them the contribution to the creation of jobs for the younger generation and to facilitate entering the labor market armed with the knowledge and experience necessary for success and progress in their careers."
Mr. Mohamed Isa Al Mutaweh during the meeting welcomed trainees, saying, " We are very pleased to train this new batch of undergraduates in the context of our societal responsibility. We hope that these trainees will have the full advantage of their training program which is designed to be comprehensive and intensive to achieve greater benefit for them and helps them to better understand their academic studies in professional, banking and financial aspects, particularly as the Group and the Bank possess rich experience in these areas. We are also through this training embody our belief that the new generation of bankers take their role gradually in leading Islamic banking and provide it with new creative ideas after gaining adequate training and experience.”
Mr. Abdulrahman Shehab said that the Group and the Bank, and within their social responsibilities, train a large number of students and fresh graduates to qualify them to enter labor market where more than sixty trainees are trained each year. He added that all those who have been trained were employed in Al Baraka Bank and in private and public institutions in the Kingdom of Bahrain, and Al Baraka is proud to offer this great service to support the labor market in the Kingdom of Bahrain.
It is worth mentioning that Al Baraka Banking Group and Al Baraka Islamic Bank continued managing summer training program with significant success over the past years. The program has seen a steady increase in the number of trainees to reach about hundreds of trainees who took their positions in various companies, institutions and banks in Bahrain.
Al Baraka Banking Group (B.S.C) is licensed as an Islamic wholesale bank by the Central Bank of Bahrain, listed on Bahrain Bourse and Nasdaq Dubai stock exchanges. It is a leading international Islamic banking group providing its unique services in countries with a population totaling around one billion. It is jointly rated BBB+ (long term) / A3 (short term) on the international scale and A+ (bh) (long term) / A2 (bh) (short term) on the national by Islamic International Rating Agency & Dagong Global Credit Rating Company Limited, and by Standard & Poor's at BB+ (long term) / B (short term).
Al Baraka offers retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari'a. The authorized capital of Al Baraka is US$ 1.5 billion, while total equity is at about US$ 2.1 billion.
The Group has a wide geographical presence in the form of subsidiary banking units and representative offices in fifteen countries, which in turn provide their services through over 700 branches. Al Baraka currently has a strong presence in Turkey, Jordan, Egypt, Algeria, Tunisia, Sudan, Bahrain, Pakistan, South Africa, Lebanon, Syria, Iraq and Saudi Arabia, including two representative offices in Indonesia and Libya.