May 2009 In a move that reflects the Bank's established position in the local market, Mr. Mohamed Isa Al Mutaweh, member of the Board of Directors and Chief Executive Officer of AlBaraka Islamic Bank (AIB) AlBaraka Islamic Bank (AIB) launched three new AIB ATMs, one in Gudaibiya, the second in Budaiya and the third at the Lulu Hypermarket in Riffa. The launch was attended by a number of Bank officials.

The Chief Executive Officer of the Bank said that "the launching of these three new ATMs comes just a few months after the launching of the ATM at the City Centre mall. This highlights the Bank's policy of expanding its presence in the local market to ensure that its services cover all key areas in the Kingdom of Bahrain in line with the Bank's plans set for year 2009'.

Mr. Mutaweh added that "the Bank plans to install more ATMs during this year. The total number of Bank ATMs has risen to nine machines as follows: two machines at the Bank's branch in Manama, one in Muharraq branch, one in Riffa branch, one in Isa Town branch and one at Lulu Hypermarket in addition to the four machines mentioned above". He added that the Bank was continuously working on strengthening its presence in the local market by opening new branches and installing more ATMs with view to making its services conveniently accessible to all its customers at all times.

In addition to making cash deposits and withdrawals, which includes the giving out of BD5 notes, the services that the ATMs of AlBaraka Islamic Bank AlBaraka Islamic Bank provide include depositing cheques and transfer of funds between accounts within the Bank. Customers can also request the issue of account statements and cheque books, in addition to the ability to change the Personal Identification Number (PIN) of the ATM card.

-Ends- AlBaraka Islamic Bank AlBaraka Islamic Bank was established and licensed to operate from Bahrain on 21 February 1984 under a license issued by the Central Bank of Bahrain. The Bank has an extensive operation in Pakistan through 29 branches located in main cities and centres. The Bank has an authorised capital of US$600 million whilst shareholders equity amounted to US$185.7 million with total Bank assets of about one billion dollars in 2008.

Albaraka Islamic Bank is one the subsidiary banking units of Albaraka Banking Group. Albaraka Banking Group (ABG) is a Bahrain Joint Stock Company listed on Bahrain Stock Exchange and NASDAQ Dubai Stock exchange. It is a leading international Islamic bank with Standard and Poors short and long term credit ratings of A-3 and BBB- respectively. ABG offers retail, corporate and investment banking and treasury services strictly in accordance with the principles of the Shari'a. The authorized capital of ABG is US$1.5 billion, while the total equity amounts to about US$1.52 billion. The Group has a wide geographical presence in the form of banking Units and representative offices in twelve countries, which in turn provide their services through more than 283 branches. These banking Units are Jordan Islamic Bank/Jordan, AlBaraka Islamic Bank/Bahrain, AlBaraka Islamic Bank/Pakistan, Banque AlBaraka D'Algerie/Algeria, AlBaraka Bank Sudan/Sudan, AlBaraka Bank LTd./South Africa, AlBaraka Bank Lebanon/Lebanon, Bank Et-Tamweel Al- Tunisi Al Saudi/Tunisia, The Egyptian Saudi Finance Bank/Egypt, AlBaraka Turk Participation Bank/Turkey, Al Baraka Bank Syria (under formation), and an ABG representative office in Indonesia.

© Press Release 2009 omar 1.1:zy