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








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Al

GCC banks bolster Cybersecurity measures to combat email fraud

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

March 20, 2024

4 Islamic Banks driving digitisation in Malaysia

Read More

March 12, 2024

Bank Muamalat & Google Cloud to implement digital islamic banking services

Read More

March 12, 2024

Islamic Finance faces liquidity challenges amidst developmental gaps, study shows

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023