Al Baraka Bank emphasizes the importance of Corporate Governance

Al Baraka Bank emphasizes the importance of Corporate Governance

In cooperation with the BIBF.

Al Baraka Bank emphasizes the importance of Corporate Governance 

Manama, Wednesday, 20 December 2017 

In accordance with Al Baraka Islamic Bank’s vision, which aims to meet the financial needs of communities across the world by conducting business ethically based on best practices, the Bahrain Institute of Banking and Finance (BIBF) conducted a Board of Directors Workshop on Corporate Governance. 

The objectives of the training is to emphasize the importance of Corporate Governance as the Bank continues to practice the highest professional standards and sharing mutual benefits with customers, staff and shareholders who participate in the business success.

Al Baraka Islamic Bank continues to lay special impetus on corporate governance to further enhance delivery of services to their client-base and keep up-to-date with different methods of innovation as well as collaboration in the banking field.

The highly interactive workshop was conducted based on Central Bank of Bahrain’s recommendations, to highlight the importance of Corporate Governance and securing the principles of high-quality governance to foster and further develop the value of Al Baraka Islamic Bank.

The CEO and Board member of Al Baraka Islamic Bank, Mr. Mohamed Isa Al Mutaweh, stated, “At Al Baraka Bank, we lay special emphasis on the importance of Life-long learning. On all the steps of the corporate ladder, training and development is required. Keeping abreast of the latest technologies, updates of policies and procedures, banking processes is reflective of the bank’s objectives of providing excellence in services to our customers, shareholders and the public”

 On his behalf, The BIBF’s Director, Dr Ahmed Abdulhameed Al Shaikh stated, “Professional training across all organisational levels is a critical aspect for the growth of any business, most important of which is Board of Directors. As part of this, the BIBF conducts such high-level training workshops, to highlight the role of the Board of Directors in supporting excellent performance and laying down transparent set of rules and regulations in which shareholders, directors and officers have aligned incentives.  It is crucial to the achievement of a new frontier of competitive advantage and profitability. Continuous training and development is an investment for any organisation that looks forward to enhancing its overall performance”. 

Executive Education programmes are designed to address real-world business needs that best help executives – and provide the best return on investment. The workshops follow an approach of “Real World - Real Learning”, partnering with executives and educators to resolve real business issues, build capabilities and prepare for the future.

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