News & Events

News & Events

Home > Media > News & events

Al-Baraka Bank Awarded as Strongest Islamic Bank in Lebanon

May 2015

Al-Baraka Bank Lebanon – member of al-Baraka Banking Group was selected as the Strongest Bank in Lebanon in terms of Islamic banking services for 2015. The award was conferred by the Banking Executive magazine published by the WorldUnion of Arab Bankers (WUAB) in appreciation of Al-Baraka’s achievements and distinctiveness in the field of Islamic banking services in Lebanon within the sector of Islamic banks working in Lebanon.

The award was received by Al-Baraka General Manager Mr.Muttassim Mahmassani in the context of the Union’s celebration of its ten years anniversary and distribution of banking awards for achievement for 2015 in a ceremony held on the margin of the Arab Banking Conference organized by Union of Arab Banks in Cairo on 27/4/2015 and attended by prominent bankers and officials from regulatory institutions and international bodies and entities.

Upon receiving the award, Mr. Mahmassani expressed his gratitude for getting this appreciation from the WUAB which “granted our Bank this distinguished award thus stressing confidence in leadership of Al-Baraka Bank among Islamic banks in Lebanon and its effective role in development and spreading of Islamic banking.” He also thanked Chairman of WUAB, Dr. Joseph Torbey, and Secretary General Mr. Wissam Fattouh, for granting Al-Baraka this reward. Mr. Mahmassani also received the World Union award granted for al-Baraka Banking Group.