back Back

Al Baraka Islamic Bank to launch instant debit card issuance

By Leandra Monteiro

July 12, 2021

  • Al
  • Bahrain
Share

Al Baraka Islamic Bank, Al Baraka, debit card issuance, Bahrain, Sharia Al Baraka Islamic Bank, has announced the launch of the instant debit card issuance service across all its branches within the Kingdom of Bahrain.

This service allows customers to instantly collect their contactless debit cards at the branches or have it delivered at their place at the soonest, as well as replace and renew expired cards safely and securely at their own convenience.

Commenting about this service, Mr. Eyad Alabbasi, Senior Manager – Head of Cards and Electronic Channels at Al Baraka Islamic Bank said, “We are pleased to be launching this service, as it comes as part of our ongoing efforts to provide our customers with convenient services that meet our customers’ banking needs. This reduces waiting time and allows the card to be used immediately.”

Al Baraka Banking Group stated last year that it had launched advanced mobile banking applications, open banking initiatives, and core banking modernization in several units. The Group had mentioned that it had pioneered the digital-only Islamic bank in Germany, ‘Insha’, which is now on stream providing a broad range of services. The Group, through its Turkish subsidiary, has established several FinTechs companies including ‘alneo’ that focuses on e-payments.

With its establishment in 1984 in the Kingdom of Bahrain, Al Baraka Islamic Bank B.S.C. – Bahrain has a longstanding track record of delivering innovative and superior results. The Bank ranks among the leading providers of Islamic banking products and services to its international clientele and focuses primarily on developing innovative and distinguished Investment solutions in compliance with Islamic Sharia principles, supported by its sound financial solutions.

Previous Article

July 12, 2021

Crédit Agricole Egypt renews partnership agreement with Visa

Read More
Next Article

July 12, 2021

Visa and Standard Chartered UAE launch multi-currency account

Read More







Advertise with us



IBSi Daily News Analysis

Web 3.0 in FinTech

May 20, 2022

Al

Will Web 3.0 unlock the future potential of FinTech?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 02, 2022

FinaMaze launches a series of Islamic smartfolios

Read More

April 25, 2022

Al Rajhi Bank Malaysia selects Moneythor as a partner for its PFM features

Read More

April 14, 2022

3 Islamic Banks making waves in Europe

Read More

Related Reports

Sales League Table Report 2021

£ 1,500.00 / year

Know More
Emerging Technologies in Capital Markets

£ 500.00

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

Know More