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Family Bank wins Mohammed bin Rashid Establishment for Young Business

Bahrain had achieved remarkable in supporting small and medium enterprises in the Arab world represents the victory of Family Bank’s first social banking institution in Bahrain, a Ministry of Social Development Projects, which was founded in partnership with the private sector prestigious Mohammed Bin Rashid Establishment for Young Business Leaders for the category of “Best initiative for small businesses the medium in the Arab world, “in the distribution of contest awards ceremony held on Monday at the Dubai World trade Centre under the auspices of Vice President of the United Arab Emirates, Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum.

In a glittering included senior officials, experts and interested parties received the Chairman of the Family Bank Management and Minister of Social Development HE Dr. Fatima Mohammed Al Balushi honored by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, in the presence of CEO’s “Family Bank” Dr. Atef Shabrawi and Assistant Director of public relations and Information, Mr. Ali Sharafi, and Ms. Fatima Ansari responsible programs of non-financial Bank family.

And won the Family Bank this award because of the leading role played by the bank in the consolidation of social work concepts and development partnership in the upgrade and improve the performance of this sector is important in the Kingdom of Bahrain to provide finite Islamic microfinance which targets low-income people, women, youth and the unemployed, after witnessing the prize for this General significant competition between institutions and companies from different countries of the Arab world, where the bank has passed a number of criteria set by the value of a jury composed of prominent figures in the fields of entrepreneurship.

In this regard, Chairman of the Board presented the family bank and Social Development Minister Dr. Fatima Mohammed Al Balushi this win to His Majesty King Hamad bin Isa Al Khalifa, King of Bahrain and to His Highness Prince Khalifa bin Salman Al Khalifa, Prime Minister of Qatar and His Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, first Deputy of His Highness the Prime Minister, and Her Royal Highness Princess Sabika girl Ibrahim Al Khalifa, President of the Supreme Council for women.

She expressed her happiness appreciation for the Mohammed Bin Rashid Establishment for the development of small and medium enterprises and the Special Jury contest to choose the family bank to receive this pioneering award, which is the first of its kind in the United Arab Emirates and the Arab world, adding, “especially as we are, and since the beginning of the launch of the Bank in 2010 Semitism sponsored by Thermo King of His Majesty King Hamad bin Isa Al Khalifa works (the bank) to provide micro finite Islamic finance and aims to provide financial and non-financial services to low-income people, women, youth, the unemployed and that the contribution of a number of financial and development institutions in the capital including the Ministry of development social enterprise Royal Charity and Kuwait finance House and Ahli United Bank and Ithmaar Bank of Bahrain and Kuwait, in cooperation with the Grameen Bank of Bangladesh. ”

It said the Baloch “another step of steps painted by His Majesty the King for the betterment of the country and its people in all segments of this award is in implementation of the Vision 2030 on the ground of economic and strategic national paid to more of an effort in the continuity of the Bank’s work to serve individuals and families with limited income and communicate with owners of ideas creativity in the world of free work to achieve their dreams and aspirations, and also come in implementation of the initiatives of this strategy is to facilitate the business and the development of entrepreneurship and the development of micro-enterprises in the Kingdom of Bahrain, “saying her happiness” that the success of the march of the family bank was not possible without the efforts made by all the members of its board of Directors and staff Bank and dedication to work to serve the nation and good citizen. ”

On his part , Chief Executive Officer , Dr. Atef Shabrawi delighted to achieve this Arab achievement within the achievements in the process of the bank in order to translate its objectives on the ground, especially the family bank looks to the future with great confidence under the wise leadership led by His Majesty King Hamad bin Isa Al Khalifa , may God protect him king of the Kingdom of Bahrain for further development and prosperity to continue the process of giving.

at the end of his speech thanked Shabrawi HE Dr. Fatima Al Balushi chairman of the board of Directors and all members of the board of Directors and staff of the bank on the permanent keenness to develop policies the bank and work to expand the course in the individuals and families development and small enterprises to meet different needs in the social context that serve to raise their standard of living and develop their abilities for the better.

the family bank was established at the initiative of the Ministry of social development, in partnership between the Royal Charity organization, BBK, Ithmaar Bank and Ahli United Bank, and the house Kuwait finance, and in accordance with the framework of cooperation with the Grameen Foundation, and implements its programs in cooperation with the empowerment of the Bank received a license from the Central Bank of Bahrain and opened in January 2010 as the first specialized social bank in microfinance operates in accordance with Islamic law, where the bank gave its services to more than one thousand five hundred beneficiaries since its inception and it has benefited from the services of hundreds of non – financial by participating in exhibitions and workshops .