AIB signs education financing deal with Gulf University

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Al Baraka Islamic Bank (AIB), has signed an agreement with Gulf University to provide education financing for students who wish to enrol at the university.

The ceremony which was held between both entities at Al Baraka’s headquarters, was attended by Fatema AlAlawi, Head of Retail Banking at Al Baraka Islamic Bank and Professor Mohanned Alfiras, President of Gulf University, Dr Hesham Almarsafawy, Vice President of Gulf University, along with senior officials from both parties.

Through the 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.—TradeArabia News Service

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