Bahrain's Al Baraka Islamic Bank signs Education Financing agreement with Kingdom University

Published 04 Oct,2021 via bizbahrain - Al Baraka Islamic Bank (AIB), has signed an education financing agreement with Kingdom University to provide financing to promising students who wish to enroll at the university.

The ceremony which was held between both entities at Al Baraka’s headquarters, was attended by Ms. Fatema AlAlawi, Head of Retail Banking at Al Baraka Islamic Bank, and Prof. Nader Mohammed Al-Bastaki Vice President for Academic Affairs and Scientific Research at Kingdom University along with other employees from both parties.

Through the newly introduced education financing scheme, the bank aims to encourage promising students to achieve a higher education degree in order to advance in their future careers through local institutions that are fully-equipped to prepare the future generation with the necessary skills required to enter the job market. The education financing scheme offers low profit rates over a maximum tenor of 3 years to those wishing to attain a higher education degree at local institutions.