Al Baraka Islamic Bank Signs Education Financing Agreement with Royal University for Women

Al Baraka Islamic Bank Signs Education Financing Agreement with Royal University for Women

Al Baraka Islamic Bank (AIB), has signed an agreement with the Royal University for Women (RUW) to provide education financing that caters to students wishing to enroll at the university.

The signing ceremony which was held on xx, at Al Baraka headquarters was attended by Mr. Tariq Kazim General Manager – Business Group of Al Baraka Islamic Bank, and Professor Yusra Mouzughi, President of Royal University for Women, Ms. Aysha Murad, Ms Sumaya Alsayed and Mr. Mohamed Shawqi Al Bin Mohamed Senior Manager – Retail Banking department 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: “It gives us great pleasure to be partnering with Royal University for Women as the fourth university on board with our newly launched education financing scheme. We at Al Baraka Islamic Bank remain committed to enabling and empowering the youth of the Kingdom of Bahrain through education by providing them with education financing offers to facilitate the process of enrolling at university and easing the financial burden on both students and their families. We look forward to partnering with more universities within the Kingdom.”

During the event, Professor Yusra Mouzughi, President of Royal University for Women said: “We are pleased to be partnering with Al Baraka Islamic Bank to invest in promising students’ futures by providing them education financing offers to support them in attaining a higher education degree.” Prof Mouzughi added that “As part of RUW mission in providing quality higher education and contributing to the women empowerment agenda, we are keen to partner with leading institutions in the Kingdom of Bahrain from differing sectors to provide students with an exceptional learning journey at RUW. This partnership with Al Baraka Bank will allow students to benefit from financial solutions while focusing on their academic excellence”,

The Royal University for Women (RUW) is the first private, purpose-built, international university in the Kingdom of Bahrain solely dedicated to educating women. RUW provides a comfortable environment in which to create leaders, develop vibrant personalities, dynamic decision makers, independent thinkers and global citizens. The university focuses mainly on academic excellence and personal development.

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...

Accelerated investment Account

Accelerated investment Account

Accelerated investment Account is a term deposit plan based on investment Wakala where the expected profit rate increases every 6 months and is ...

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 ...

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...

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...

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...

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...

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...

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...

Medical Ijara Finance

Medical Ijara Finance

Medical Ijara finance aims to support patients in Bahrain to obtain their medical needs from local hospitals and clinics, the service has a low ...

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...

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...

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...

Annual Percentage Rate

Annual Percentage Rate

Rates are subject to change from time to time.

Trade Finance

Trade Finance

These facilities include various financing methods, including letter of credit and letter of guarantee applicable for both importers a...