The Bahrain based leading Islamic banking group Al Baraka Banking Group (ABG), announced that, it would be taking part as a platinum sponsor in the activities of the Annual Islamic Banking and Finance Conference organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), which will be held in Kingdom of Bahrain on 7 and 8th May 2012.
The conference will be attended by distinguished internationally renowned Islamic banking personalities, in addition to researchers and experts in financial affairs and executives from Islamic financial institutions inside and outside the Kingdom of Bahrain.
Issues to be discussed during the conference are numerous, including the procedures of Shariah supervisory, development of Islamic finance, treasury operations and some legal issues in Islamic financial institutions as well as the growth of Islamic banking industry and other issues of concern to the banking sector.
Al Baraka Banking Group has for many years been supporting and sponsoring these specialized conferences because they are closely linked to the objectives of the strategies of Al Baraka Banking Group in serving the Moslem communities in whose countries ABG units operate. Furthermore, the conference has now become an important platform that brings together all those concerned with or interested in the Islamic finance industry including scholars, bankers and government officials to discuss major issues related to the Islamic financial industry. The conference, as such, provides a suitable forum for addressing challenges and identifying new opportunities in all markets.
Al Baraka Banking Group is a Bahrain Joint Stock Company Licensed as an Islamic Wholesale Bank by Central Bank of Bahrain, listed on Bahrain Bourse and Nasdaq Dubai stock exchanges. It is a leading international Islamic bank providing its unique services to around one billion people and with Standard and Poors investment grade long term counterparty credit rating of BBB- / A-3 (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 amounts to about US$1.8 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 more than 400 branches. Al Baraka is currently having a strong presence in Jordan, Tunisia, Sudan, Turkey, Bahrain, Egypt, Algeria, Pakistan, South Africa, Lebanon, Syria, Indonesia, Libya (under formation), Iraq and Saudi Arabia