Best Sustainability Initiative in Middle East Award According to CPI Financial
AlBaraka Syria earned the award according to CPI Financial analysis for the bank community and sustainable development achievements in 2019.
AlBaraka won the award among best financial institutions in the world; the three finalists were Dubai Islamic Bank, Islamic Development Bank, and AlBaraka Bank Syria.
Most Innovative Islamic Bank in Syria According to International Finance Magazine
AlBaraka Syria won the award according to performance evaluation made by International Finance Magazine for year 2018. The evaluation assessed the bank innovative services, products, and according to overall financial performance.
Certificate of quality standards according to the latest version of ISO 9001: 2015
Due to the fact that Al Baraka Bank of Syria is always at the forefront in achieving compliance with international standards. After obtaining ISO 9001: 2008, Al Baraka Bank has upgraded this certificate to the new ISO 9001: 2015 version, only after the approval of the new specification by three months.
The Bank's adoption of the new version of the Standard has been positively reflected in the Bank's internal work procedures and increased its competitiveness and reputation in the market place. The bank has adopted advanced global methodologies such as risk-based thinking and a clear mechanism to avoid it, In addition to participating in the process of sustainable development and increasing the role and effectiveness of senior management in the quality management systems. The amendments to the standard focus on increasing the satisfaction and loyalty of customers, shareholders and stakeholders by the products & services provided by Al Baraka Bank.
It is worth mentioning that this upgraded certificate remarked above, has been granted to the bank by SGS International.
ISO 26000 certification in social responsibility:
The bank achieved an advanced degree in the social responsibility “performance Statement” certificate, due to the hard and fruitful work performed by the bank, in accordance with the international standard of social responsibility (ISO26000: 2010)., and after performing an external audit process that took about 5 continuous days. Thus, Al Baraka is the first bank in Syria to deserve this certification.
The Bank's success in achieving this certification is a culmination of its vision to realize leadership in the banking market and its continuous efforts to meet the best international standards that serves the banking sector and to preserve natural and human resources, including water, vegetation and the surrounding community.
The bank commitment to realize these international standards had also a great impact on the educational, training and humanitarian fields. The net effect of this impact were reflected on the grants, agreements and contributions provided by Al Baraka Bank in support of the Bank's sustainable development approach to its community.
Achievement of a reliable credit rating of (BBB) for the second consecutive year.
Al Baraka Bank of Syria has maintained in 2017 the outstanding credit rating that it has achieved in 2016, represented in the credit rating of investment grade BBB. Thus becoming the first Islamic bank in Syria to receive such a rating granted by the International Islamic Classification Agency (IIRA), according to DFRA standard.
As part of the financial rewards granted by CPI International for the Middle East Banks, it has classified Al Baraka Bank of Syria as the Best Islamic & financial Bank in Syria, for the year.
The rewards received by Al Baraka Bank of Syria, as mentioned above, reflects its leadership position in the Syrian banking sector. Al Baraka Bank of Syria received the awards of the best Islamic bank and the best financial institution committed to the social responsibility, for year 2017 in Syria. The bank received these rewards at the Islamic Business and Finance Awards ceremony attended by a large number of Islamic banking and finance leaders around the world.
Global Finance Award for the Best Islamic Bank in Syria for 2015:
As part of the Global Finance Magazine Awards, Al Baraka Bank-Syria has been classified as the Best Islamic Bank in Syria for the year 2015.Global Finance is an American magazine specialized in banking and finance for international banking and finance institutions. Moreover, it is widely spread worldwide
The award was granted to Al Baraka Bank of Syria, based on the final arbitration result of an Arbitrators Committee, which included a group of senior economic editors and international financial advisors, as well as a number of bank managers and banking experts.
Certificate of quality standards:
Due to the fact that Al Baraka Bank of Syria is always proactive in achieving compliance with international standards. After obtaining ISO 9001: 2008, Al Baraka Bank has upgraded this certificate to the new ISO 9001: 2015 version, after the approval of the final version of the standard by three months only.
Adoption of the bank to the new version of the Standard has been reflected positively on the Bank's internal work procedures and on its competitiveness and reputation in the market place. The new version application resulted in the adoption of advanced global methodologies such as risk-based thinking and setting up a reliable mechanism to avoid such risks, In addition to participating in the process of sustainable development and increasing the role and effectiveness of senior management in the quality management system. The amendments to the standard focused on increasing the satisfaction and loyalty of customers, shareholders and all beneficiaries of the services and products provided by Al Baraka Bank.
It is worth mentioning that the SGS International has granted the upgrade to the new version certificate to the bank.
AlBaraka Syria earned the award according to CPI Financial analysis for the bank community and sustainable development achievements in 2019.
AlBaraka won the award among best financial institutions in the world; the three finalists were Dubai Islamic Bank, Islamic Development Bank, and AlBaraka Bank Syria.
Most Innovative Islamic Bank in Syria According to International Finance Magazine
AlBaraka Syria won the award according to performance evaluation made by International Finance Magazine for year 2018. The evaluation assessed the bank innovative services, products, and according to overall financial performance.
Certificate of quality standards according to the latest version of ISO 9001: 2015
Due to the fact that Al Baraka Bank of Syria is always at the forefront in achieving compliance with international standards. After obtaining ISO 9001: 2008, Al Baraka Bank has upgraded this certificate to the new ISO 9001: 2015 version, only after the approval of the new specification by three months.
The Bank's adoption of the new version of the Standard has been positively reflected in the Bank's internal work procedures and increased its competitiveness and reputation in the market place. The bank has adopted advanced global methodologies such as risk-based thinking and a clear mechanism to avoid it, In addition to participating in the process of sustainable development and increasing the role and effectiveness of senior management in the quality management systems. The amendments to the standard focus on increasing the satisfaction and loyalty of customers, shareholders and stakeholders by the products & services provided by Al Baraka Bank.
It is worth mentioning that this upgraded certificate remarked above, has been granted to the bank by SGS International.
ISO 26000 certification in social responsibility:
The bank achieved an advanced degree in the social responsibility “performance Statement” certificate, due to the hard and fruitful work performed by the bank, in accordance with the international standard of social responsibility (ISO26000: 2010)., and after performing an external audit process that took about 5 continuous days. Thus, Al Baraka is the first bank in Syria to deserve this certification.
The Bank's success in achieving this certification is a culmination of its vision to realize leadership in the banking market and its continuous efforts to meet the best international standards that serves the banking sector and to preserve natural and human resources, including water, vegetation and the surrounding community.
The bank commitment to realize these international standards had also a great impact on the educational, training and humanitarian fields. The net effect of this impact were reflected on the grants, agreements and contributions provided by Al Baraka Bank in support of the Bank's sustainable development approach to its community.
Achievement of a reliable credit rating of (BBB) for the second consecutive year.
Al Baraka Bank of Syria has maintained in 2017 the outstanding credit rating that it has achieved in 2016, represented in the credit rating of investment grade BBB. Thus becoming the first Islamic bank in Syria to receive such a rating granted by the International Islamic Classification Agency (IIRA), according to DFRA standard.
As part of the financial rewards granted by CPI International for the Middle East Banks, it has classified Al Baraka Bank of Syria as the Best Islamic & financial Bank in Syria, for the year.
The rewards received by Al Baraka Bank of Syria, as mentioned above, reflects its leadership position in the Syrian banking sector. Al Baraka Bank of Syria received the awards of the best Islamic bank and the best financial institution committed to the social responsibility, for year 2017 in Syria. The bank received these rewards at the Islamic Business and Finance Awards ceremony attended by a large number of Islamic banking and finance leaders around the world.
Global Finance Award for the Best Islamic Bank in Syria for 2015:
As part of the Global Finance Magazine Awards, Al Baraka Bank-Syria has been classified as the Best Islamic Bank in Syria for the year 2015.Global Finance is an American magazine specialized in banking and finance for international banking and finance institutions. Moreover, it is widely spread worldwide
The award was granted to Al Baraka Bank of Syria, based on the final arbitration result of an Arbitrators Committee, which included a group of senior economic editors and international financial advisors, as well as a number of bank managers and banking experts.
Certificate of quality standards:
Due to the fact that Al Baraka Bank of Syria is always proactive in achieving compliance with international standards. After obtaining ISO 9001: 2008, Al Baraka Bank has upgraded this certificate to the new ISO 9001: 2015 version, after the approval of the final version of the standard by three months only.
Adoption of the bank to the new version of the Standard has been reflected positively on the Bank's internal work procedures and on its competitiveness and reputation in the market place. The new version application resulted in the adoption of advanced global methodologies such as risk-based thinking and setting up a reliable mechanism to avoid such risks, In addition to participating in the process of sustainable development and increasing the role and effectiveness of senior management in the quality management system. The amendments to the standard focused on increasing the satisfaction and loyalty of customers, shareholders and all beneficiaries of the services and products provided by Al Baraka Bank.
It is worth mentioning that the SGS International has granted the upgrade to the new version certificate to the bank.
