SADAD Bahrain Signs an Agreement to Facilitate Al Baraka Islamic Bank Services as The First Bank on SADAD Platform

Manama, Bahrain: Al Baraka Islamic Bank (AIB), one of the leading Bahraini financial institutions in the field of Islamic banking, has recently signed a joint cooperation agreement with SADAD Bahrain, the leading company in the field of financial technology for electronic payment systems. This agreement is the first step towards providing innovative banking services that would elevate the digital customer experience.

Elaborating on the Bank’s new strategic partnership, Mr. Hamad Abdulla Al Oqab, the Chief Executive Officer of Al Baraka Islamic Bank, said: “I am pleased to announce that we are the first Bank in the Kingdom to cooperate strategically with SADAD Bahrain as part of our continuous endeavor to enhance our Banking services to meet the needs of our customers in light of the digital transformation strategy”.

Dr. Mohammed Refaat Al-Kashef, a member of the Board of Directors of SADAD Bahrain, said: "We are pleased to have Al Baraka Islamic Bank as the first Bank to join our expanded network of partners. The core mandate of this agreement is to save the time and effort for all the Bank’s customers, by facilitating and streamlining all different operations of Al Baraka customers. And we look forward to take this partnership in the next level in the future”.