Entries in English and Malay (Bahasa Melayu)

Wednesday, 29 May 2013

Bahrain: Al Baraka unveils Islamic finance product

Bahrain-based Al Baraka Islamic Bank has launched a new financing product in the local market to fund the services under the umbrella of Taqseet finance.

This is in addition to other facilities provided by the product Taqseet to finance purchasing of cars, boats, other goods and real estate.

The idea of the new product is based on the Sharia principle of Ijara to finance various services where the bank will lease the client a particular service that will exist in the future as forward Ijara for a specific period of time.

Customers can take advantage of this product to finance their needs of education, medical treatment, travel and tourism, marriage, Haj and Umrah.

Al Baraka Islamic Bank chief executive Mohammed Al Mataweh said the product is in line with the bank's strategies in providing innovative new products.

(Trade Arabia / 29 May 2013)

Alfalah Consulting - Kuala Lumpur:
Islamic Investment Malaysia:

No comments:

Post a Comment

Latest Posts

Upcoming Events on Islamic Finance, Wealth Management, Business, Management, Motivational

Alfalah Consulting's facebook


Alfalah Consulting is NOT providing any kind of loan to finance project etc and asking for a fee. If you've received any email claiming to be from Alfalah Consulting, offering loan to you, please ignore it or inform us for further actions. Our official email is If you've received an email from, that's NOT from us. Be cautious!