Ith­maar Bank wins pres­ti­gious WIBC award

Kuwait Times - - BUSINESS -

Ith­maar Bank, a Bahrain-based Is­lamic re­tail bank, was sin­gled out among the world’s Is­lamic banks for a pres­ti­gious in­ter­na­tional award in recog­ni­tion of its Cor­po­rate So­cial Re­spon­si­bil­ity and Fi­nan­cial Dis­clo­sure.

The in­de­pen­dent award was pre­sented at the World Is­lamic Bank­ing Con­fer­ence (WIBC) which was re­cently held in Bahrain in strate­gic part­ner­ship with the Cen­tral Bank of Bahrain (CBB). The high-pro­file event, which was at­tended by lead­ing in­ter­na­tional bank­ing ex­perts, is widely rec­og­nized as one of the most im­por­tant events on the world Is­lamic bank­ing cal­en­dar.

The award was re­ceived by Ith­maar Bank Head of Hu­man Re­sources, Enas Rahimi, from Sa­har Kazra­nian, CEO of Mid­dle East Global Ad­vi­sors, WIBC’s con­ven­ers through­out its 23-year his­tory, in the pres­ence of Ith­maar Bank Chief Op­er­at­ing Of­fi­cer, Ravin­dra Khot and Gen­eral Man­ager Bank­ing Group Ab­dul­ha­keem Al Mutawa.

“The Per­for­mance Awards are the WIBC’s flag­ship awards, and are granted to the top fi­nan­cial in­sti­tu­tions based on their ag­gre­gate per­for­mance scores against mul­ti­ple mea­sures on a global, re­gional and coun­try level,” said Sa­har Kazra­nian. “This year, Ith­maar Bank topped the WIBC Leader­board in terms of Cor­po­rate So­cial Re­spon­si­bil­ity and Fi­nan­cial Dis­clo­sure when com­pared to Is­lamic banks across the world. Its ul­ti­mate win is a tes­ta­ment to its com­mit­ment to trans­parency and im­pact, and I hope their lead­er­ship will in­spire other banks to fol­low suit,” she said.

“As a pi­o­neer­ing Is­lamic re­tail bank, Ith­maar rec­og­nizes the im­por­tant role we must play both in the com­mu­nity in which we op­er­ate, as well as in pro­mot­ing high lev­els of trans­parency in the lo­cal bank­ing and fi­nance in­dus­try,” said Ith­maar Bank Chief Ex­ec­u­tive Of­fi­cer, Ahmed Ab­dul Rahim.

“This is a re­spon­si­bil­ity we have al­ways taken very se­ri­ously, and I am pleased to note that our ef­forts, with the bless­ings of Al­lah, un­der the guid­ance of the Board of Di­rec­tors and with the con­tin­u­ous sup­port of the Cen­tral Bank of Bahrain, are pay­ing off and earn­ing the Bank in­ter­na­tional praise and recog­ni­tion,” he said.

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