Al Baraka Islamic Bank launches SMS Banking service

The services that will be provided through SMS Banking will include obtaining the balance of the account and mini-statement, fund transfer between own accounts, electricity bill payment, Taqseet card payment, cheque book request, statements by e-mail or fax, finance accounts and investment accounts enquiries and finding the locations of Bank branches and ATMs, as well as obtaining information about the products and services of Al Baraka Islamic Bank.

On this occasion, Mr. Mohammed Al Mutaweh, Chief Executive Officer and Board Member of Al Baraka Islamic Bank, said, "This new service, which we launch today for our customers, reflects our constant keenness to develop the efficiency and quality of services provided to customers."

He added also, this service is one of electronic banking services which will be provided by the Bank to customers during the year.

The new service is free and user-friendly and is available throughout the day. To subscribe to the service, all that a customer needs to do is visit the nearest branch of the Bank and fill out a simple application form.

For more information, customers may visit any branch of the Bank or contact the Call Center on the following number (13300400).

Al Baraka Islamic Bank is one the subsidiary banking units of Al Baraka Banking Group. Al Baraka Banking Group is a Bahrain Joint Stock Company Licensed as an Islamic Wholesale Bank by Central Bank of Bahrain, listed on Bahrain Bourse and Nasdaq Dubai stock exchanges. It is a leading international Islamic bank providing its unique services to around one billion people and with Standard and Poors investment grade long term counterparty credit rating of BBB- / A-3 (Short Term).

Al Baraka offers retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari'a. The authorized capital of Al Baraka is $1.5bn, while total equity amounts to about $1.8bn.

The Group has a wide geographical presence in the form of subsidiary banking Units and representative offices in fifteen countries, which in turn provide their services through more than 400 branches. Al Baraka is currently having a strong presence in Jordan, Tunisia, Sudan, Turkey, Bahrain, Egypt, Algeria, Pakistan, South Africa, Lebanon, Syria, Indonesia, Libya (under formation), Iraq and Saudi Arabia.