Al Baraka Islamic Bank was awarded the Best Islamic Financial Institution South Africa in the Global Finance World’s Best Islamic Financial Institution’s Awards in 2015, 2016, 2018 and 2021. The award being received for 2021 is of particular significance, as Global Finance the American-based magazine (headquarters are in New York, with offices in London and Milan), that runs the award programme annually, said that the institutions that were successful in this regard "were those that achieved solid financial performance during this challenging period, together with a widened product portfolio, enhanced service, technology investment and increased market reach. For many banks, the 2020 pandemic brought forth the rewards of previous investment in technology.”
The awards are held annually, and they reflect the innovative, progressive, and inspirational changes taking place within the global financial sector.
Al Baraka’s CEO, Shabir Chohan, stated, “Our bank's philosophy of continual improvement afforded us the resilience to withstand the economic turmoil which ensued and enabled us to maintain focus on our primary goal the delivery to our customers of exceptional service and a comprehensive suite of Shari’ah-compliant financial products, regardless of the prevailing circumstances.”
This is an extremely prestigious international award, and an acknowledgment of the collective effort of our organisation.