Hammad Hassan - Group Head of Islamic Banking & Managing Director, Bank ABC Islamic speaks with Global Finance’s Founder and Editorial Director Joseph Giarraputo about the bank’s history, expansion, and market leading digital initiatives.
As a wholly owned subsidiary of Bank ABC, the Islamic arm was launched in 1987 in Bahrain and now serves the Group’s customers in 25 markets from 15 countries worldwide. Its offering encompasses innovative Shari’a-compliant corporate, SME and retail banking products and solutions. Last year, amid market volatility, green and ESG Sukuk witnessed significant growth, Bank ABC Islamic was the lead arranger for 3 green Sukuks in 2022/3.
Bank ABC has the vision of building a digitally empowered bank of the future and is a leader for innovation and digital banking capabilities across the MENA region. In May, this year the bank’s digital banking arm ila launched ‘alburaq’, a Shari’a-compliant banking offering for retail customers providing personalized digital banking services.