Al Baraka Islamic Bank Signs Education Financing Agreement with British University of Bahrain

Al Baraka Islamic Bank Signs Education Financing Agreement with British University of Bahrain

Al Baraka Islamic Bank (AIB), has signed an agreement with the British University of Bahrain (BUB) to provide education financing that caters to students wishing to enroll at the university.

The signing ceremony which was held on xx, xx at Al Baraka headquarters was attended by Mr. Tariq Kazim General Manager – Business Group of Al Baraka Islamic Bank, and Professor Julie Cross, President of the British University of Bahrain, and other senior officials from both parties.

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. This scheme provides promising students with the opportunity to achieve their higher education degree at local prestigious institutions that are fully-equipped to prepare the future generation to successfully enter the job market upon graduation and excel in their future career paths.

Commenting on this occasion, Mr. Tariq Mahmood Kazim, General Manager – Business Group of Al Baraka Islamic Bank said: “As part of our recently-launched education financing scheme, we are delighted to be partnering with the British University of Bahrain, among a number of local universities on board with this new scheme. We are proud to be at the forefront of the financing industry within the Kingdom to be offering families and students such benefits which will help alleviate their financial burdens. This new scheme aims to help the youth of Bahrain by enabling and empowering them through education financing offers which will facilitate the process of enrolling at local universities across the Kingdom. We look forward to partnering with more universities in the near future.”

During the event, President of the British University of Bahrain Professor Julie Cross said: “We are proud to be partnering with Al Baraka Islamic Bank on this distinguished offer which will benefit potential students who would like to enroll at the university. The university’s purpose-built campus has been designed to facilitate active and collaborative learning and a stimulating student experience. Whatever your program of study, you will participate in real life projects and gain first-hand experience of the industries you will eventually work in.”

The British University of Bahrain is one of the newest Universities to be established in the Kingdom of Bahrain. Working in partnership with the University of Salford-Manchester, they bring to Bahrain British degrees from one of the UK’s leading universities. Bahrain students can now commence and study an Undergraduate UK Bachelors degree or Postgraduate UK Masters degree, exclusively on their state-of-the-art University campus, here in Bahrain, or they have the option to transfer their course studies to the University of Salford, in Manchester, at the start of any of their subsequent academic years.

The students’ degree certificate will be proudly awarded by the University of Salford, both of which are fully recognized by the Higher Education Council-HEC of Bahrain.

Top products

Current Account

Current Account

You can benefit from our Current Account as an individual, a company, a club, a social organization, or any other s...

MasterCard

MasterCard "Gold Card"

Along with its excellent benefits, the MasterCard Gold Credit Card gives you access to some of the most competitive fees in the market, making s...

Savings Account

Savings Account

With our Savings Account, you can experience an equal and beneficial partnership. When you deposit your savings wit...

Tamkeen Finance

Tamkeen Finance

Now, you can grow your business further with SME Finance from Al Baraka Islamic Bank in partnership with Tamkeen. For over a decade, Tamkeen has...

Current Account

Current Account

Benefit from our Current Account as an individual, a company, a club, a social organization, or any other similar e...

Investment Account

Investment Account

We’ve made investing safe and simple for you. Now you can deposit  a specific sum of money for a selecte...

Working Capital Finance

Working Capital Finance

This includes financing the import of goods or the purchase of such goods from the local market as well as other sh...

Property Finance

Property Finance

Whether you want to take the reins of security by acquiring real estate as long as you wish to own it, through the ...

Building/Home Insurance

Building/Home Insurance

Treat your life’s investments responsibly with our Building and Home Insurance, suited to any eventuality of damage or loss. From fire dam...

Treasury & Capital Markets

Treasury & Capital Markets

The treasury department of AIB are mandated to manage the overall liquidity position of the bank by securitizing me...

Installment Deferral

Installment Deferral

We inform you that according to the instructions of the Central Bank of Bahrain, you are automatically entitled to receive a 6-month postpone...

Cancel Installment Deferral

Cancel Installment Deferral

If you would like to cancel the installment deferral, please fill the below form.

Investment Accounts

Investment Accounts

Investing made safe and simple. Deposit a specific sum of money for a selected period of time  (1, 3, 6, 9, or...

Investments & Structured Finance

Investments & Structured Finance

The Investments and structured finance division are comparable to those of Asset Management and Private Placement a...

Term Finance

Term Finance

Al Baraka Islamic Bank provides you with a wide range of Islamic Sharia' products to meet your corporations fin...

Travel Insurance

Travel Insurance

Your holiday should be for enjoying and relaxing, not worrying. With our comprehensive Travel Insurance offering, you can sit back knowing that ...

MasterCard

MasterCard "Titanium Card"

Discover a world of opportunities and rewards with MasterCard Titanium Credit Card. As part of our commitment ...

Car Finance

Car Finance

Our Auto Finance works based on a Murabaha contract, which is an Islamic type of financing assets with a predetermi...

MasterCard

MasterCard "Platinum Card"

With your MasterCard Platinum Credit Card, you can unlock new possibilities with every tap. Not only getting t...

Other Goods Finance

Other Goods Finance

Other Goods Finance works based on a Murabaha contract, which is an Islamic type of financing assets with a predete...

Car Insurance

Car Insurance

Your car is as much a valuable asset as it is a bringer of precious memories. Our Car Insurance comes in three insurance plans: Silver, Gold, an...

MasterCard

MasterCard "World Card"

Unlock a world of travel, lifestyle, and insurance benefits with the new and exclusive MasterCard World Credit Card...

Personal Accident Insurance

Personal Accident Insurance

No one ever plans on having an accident. With Personal Accident Insurance, you can at least plan for the aftermath, with full coverage to protec...

Life Insurance

Life Insurance

No one knows the future, but we can help you plan for it. With our Life Insurance plan, you can rest assured that you and your loved ones are pr...

My School

My School

A Shari’ah compliant plan designed to provide the Parent with the option to financially secure their child’s school education. In th...

Trade Finance

Trade Finance

These facilities include various financing methods, including letter of credit and letter of guarantee for the exporters and importers...