Bahrain Islamic Bank receives "Best Islamic Institutional Finance Bank in the Gulf Prize"

World Finance magazine specializes in the banking and finance sector worldwide.

BisB receive the prize as a result of the final decision of the awarding committee which consisted of prominent economic editors, international financial consultants, a number of bank managers and some experts in the field of banking.

The Bank received the prize due to the standards it applies in product and services excellence, originality and innovativeness in its services, customer satisfaction, continued growth in its banking operations plus other important criteria.

Mr. Mohammed Ebrahim, Chief Executive of Bahrain Islamic Bank, stated on this occasion:

"We are proud about receiving this International prize which affirms the leading role of the Bank inside Bahrain and in the Gulf Arab States. This prize is a manifestation to the excellent performance of the Bank and to the reputation which it enjoys in the International Islamic Banking sector. In addition to the success of its vision and its strategic development plan which was based on enhancement of the quality of its services which it introduces."

Mr. Mohammed Ebrahim then continued, "The Bank now competes equally with the biggest finance institutions and international banks, thanks to Almighty Allah, the bank was successful in strengthening its financial position in the last period and we seek to keep this standard and the growth in its services especially in light of the current increasingly competitive environment in the banking sector."

The Chief Executive maintained that the prize has great effect on us as it came in a time where many international financial and investment institutions are exposed to a serious financial crisis. This depicts the excellent financial status of the Bank and the efficient policies and procedures it applies in fulfilling its duties. This resulted in a balanced performance, as reflected on the Bank's 2008 financial results, and assisted the bank in going through the difficult times which the banking and financial sector is experiencing on an international level.

Mr. Mohammed Ebrahim then concluded, "These achievements require us to put more effort in developing further our services and Islamic banking products so as to fulfill our respected clients' needs and requirements. On this occasion we submit our greatest thanks to the Chairman and Board members for their continuous support to the Bank's plans and its achievements, we also thank all the Bank staff for their dedication and hard work which they reap its fruits today as a result of receiving this prize."