Al Baraka Islamic Bank Launches Solar Financing Package In Bahrain

Al Baraka Islamic Bank (AIB) launches a solar financing package for the customer who wants to install solar systems in Bahrain with Al Harbi Contracting Group. Solar systems have low maintenance costs and low installation costs.

Solar systems also help in reducing the consumption of energy and protecting the environment. The agreement was signed between Tariq Mahmood Kazim, Deputy CEO of – Business Group of Al Baraka Islamic Bank, and Hasan Al Harbi, CEO of the Al Harbi Contracting Group.

Al Baraka Islamic Bank (AIB) is a retail Islamic bank, licensed by the Central Bank of Bahrain and registered with Bahrain’s Ministry of Industry, Commerce, and Tourism. AIB is a banking unit of Al Baraka Group (ABG), a joint-stock company listed on the Bahrain stock exchange and NASDAQ Dubai.

Tariq Mahmood Kazim, Deputy CEO – Business Group of Al Baraka Islamic Bank said, “We are pleased to announce the expansion of our partnerships by signing a joint cooperation agreement with Al Harbi Contracting Group, which serves to enhance our aim in meeting the needs of our valued customers and exceeding their expectations.”

“Through this initiative, we look forward to raising awareness on the importance of adopting solar energy systems, which falls under the umbrella of the seventh goal of the sustainable development goals, which stipulates ensuring access to affordable, reliable, and sustainable modern energy services for all individuals.”

Hasan Al Harbi, CEO of Al Harbi Contracting Group, said, “It gives us great pleasure to cooperate with Al Baraka Islamic Bank to provide solar energy systems conforming to the highest quality standards for all, in line with the Economic Vision 2030. The agreement will include providing a variety of packages to suit different needs at reasonable prices, as is customary in the market.”