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Corporate Social Responsibility Practices in The
CORPORATE SOCIAL RESPONSIBILITY PRACTICES IN THE LEBANESE BANKING SECTOR: A REALITY OR A MYTH? _________________________________________________ A Thesis presented to the Faculty of Business Administration and Economics at Notre Dame University-Louaize _________________________________________________ In Partial Fulfillment of the Requirements for the Degree Master of Science In Business Strategy _______________________________________________________________ by MARIA CHLELA JULY2020 © COPYRIGHT By Maria Chlela 2020 All Rights Reserved Notre Dame University - Louarze Facultyof K*zz*ixx*ss1a^q2xxttyti*tyeti{tzz8*Wu"rrxtyxzz\*s Department of f&'anas*]wnt k T,La{keling We hereby approve the thesis of 7,",1,:,xt* t-.h\*l,t candidate for the degree of h4a*tsrs tsl's*,i*r:tt*, in T-lusiness strztl*gy Grade: B c 0Le Mr . {}hass an ni *\ z: t> ttthv Supe{vsttrr 6) & h,t*t'2li n" 13M,W tr7**n. t;13AI: ii TABLE OF CONTENTS LIST OF FIGURES ........................................................................................................... iv LIST OF TABLES ............................................................................................................. iv ACKNOWLEDGMENTS .................................................................................................. v ABSTRACT ....................................................................................................................... vi CHAPTER 1-INTRODUCTION ........................................................................................ 1 1.1- General Background -
TOGETHER WE GROW Community Sustainability Prosperity
Social Responsibility Report 2015 TOGETHER WE GROW Community Sustainability Prosperity Your Partner Bank B Al Baraka Social Responsibility Report 2015 Contents Al Baraka Mission and Vision 02 INTRODUCTION Introduction: Al Baraka Social Responsibility Program 04 Board Committee on Social Responsibility 06 Board Social Responsibility Committee 08 Management Committee on Social Responsibility 09 President and Chief Executive’s Welcome 10 Targets Overview 11 Overview of the Al Abaraka Social Responsibility Program 12 PART ONE: GLOBAL OVERVIEW ABG 16 Bahrain 18 Egypt 20 Sudan 22 Syria 24 Lebanon 26 Turkey 28 Jordan 30 Algeria 32 Pakistan 34 Tunisia 36 South Africa 38 PART TWO: GLOBAL ACTIVITIES OVERVIEW Philanthropic Program 40 Qard Hasan Program 41 Economic Opportunities & Social Investments Program 42 Profiles of Board Social Responsibility Committee 44 Profiles of Board Management Committee 46 02 Al Baraka Mission and Vision The Vision “We believe society needs a fair and equitable financial system: one which rewards effort and contributes to the development of the community” The mission “To meet the financial needs of communities across the world by conducting business ethically in accordance with our beliefs, practicing the highest professional standards and sharing the mutual benefits with the customers, staff and shareholders who participate in our business success” Al Baraka Social Responsibility Report 2015 Al Baraka Social Responsibility Report 2015 04 Introduction Al Baraka Social Responsibility Program Shaikh Saleh Abdullah Kamel, Chairman, Al Baraka Banking Group Social Responsibility is, in Social Responsibility aims to create long- part. In meeting this commitment to term economic growth through the careful society, we make all possible efforts to essence, an approach towards management of natural resources (e.g. -
Al Baraka Banking Group – Bahrain Al Baraka Bank Is Owned by Both Local and Albaraka Bank Limited in South Africa Is a Subsidiary International Investors
CoMPaNy ProFile Al Baraka Banking Group – Bahrain Al Baraka Bank is owned by both local and Albaraka Bank Limited in South Africa is a subsidiary international investors. Primary shareholders, as of Al Baraka Banking Group, based in Bahrain. at 31 December 2011, included the Bahrain-based Al Baraka Banking Group B.S.C. (61,98%), DCD The eminent, internationally-renowned Al Baraka Holdings (SA) (Pty) Ltd. (8,61%), DCD London and Banking Group has a wide geographical presence Mutual plc (4%), Johannesburg-based Timewest in the form of subsidiary banking units and Investments (Pty) Ltd. (7,67%) and Sedfin (Pty) Ltd. representative offices in 15 countries which, in (3,33%). The balance of the bank’s shareholding turn, provide their services through more than 400 comprised foreign and local shareholders. branches and is listed on the Bahrain and Dubai financial exchanges. Recognising the South African bank’s tremendous growth and development, Al Baraka Banking Group Established to meet the need for Islamic banking has steadily increased its shareholding in the local services around the world, Al Baraka Banking business unit. Group provides a wide range of Shariah-compliant retail, corporate and investment banking offerings, The South African operation is now regarded as an together with treasury services and is striving to integral part of the group. Utilising this international become a totally integrated financial institution, linkage, together with the growth momentum the delivering to its customers a comprehensive bouquet bank has itself developed in recent years, Al Baraka of financial products to meet the ever-growing Bank is poised to take Islamic banking to a new level requirements of its customer-base. -
Credit Libanais S.A.L
C REDIT LIBANAIS S.A.L. CAPITAL INVESTMENT PROGRAM: ECONOMIC RESEARCH UNIT CREDIT LIBANAIS HEADQUARTERS A FOCUS ON THE TRANSPORTATION ADLIEH ECTOR S BEIRUT, LEBANON TEL +961.1.608000 JULY 2018 FAX +961.1.608231 [email protected] CAPITAL INVESTMENT PROGRAM: A FOCUS ON THE TRANSPORT SECTOR TABLE OF CONTENTS I. EXECUTIVE SUMMARY ........................................................................................ 3 II. INTRODUCTION ................................................................................................ 5 III. OVERVIEW ...................................................................................................... 6 A. Existing Road Plans ........................................................................................... 6 i. Description & Conditions ........................................................................................ 6 B. Car Congestion ................................................................................................ 7 i. Evolution & Forecasts ............................................................................................. 7 ii. Impact of Syrian Crisis ........................................................................................... 8 IV. COSTS ............................................................................................................ 9 A. Economic Bill ................................................................................................... 9 B. Environmental Bill ......................................................................................... -
Al Baraka Banking Group Global Network
AL BARAKA BANKING GROUP GLOBAL NETWORK Bahrain Pakistan Al Baraka Banking Group Al Baraka Bank (Pakistan) Limited Group Headquarters AlBaraka House, 162, Bangalore Town Bahrain Bay Main Shahrah-e-Faisal, Karachi, Pakistan PO Box 1882, Manama, Kingdom of Bahrain Board Member and Chief Executive Officer: Board Member, President and Chief Executive Mr Shafqaat Ahmed Mr Adnan Ahmed Yousif Tel: +92 21 343 15851, Fax: +92 21 345 46465 Tel: +973 17541 122, Fax: +973 17536 533 Web: www.albaraka.com.pk Web: www.albaraka.com Saudi Arabia Al Baraka Islamic Bank B.S.C. Itqan Capital Group Headquarters The Headquarters Business Park Bahrain Bay West Tower, 15th Floor, Corniche Road, Jeddah PO Box 1882, Manama, Kingdom of Bahrain PO Box 8021, Jeddah, 21482 Board Member and Chief Executive Officer Kingdom of Saudi Arabia Mr Mohammed Isa Al Mutaweh Managing Director and Chief Executive Officer: Tel: +973 17535 300, Fax: +973 17533 993 Mr Adil S Dahlawi Web: www.baraka.bh Tel: +966 125 106030, Fax: +966 125 106033 Web: www.itqancapital.com Algeria South Africa Banque Al Baraka D’Algerie S.P.A. Albaraka Bank Limited Hai Bouteldja Houidef, Villa No. 1, Rocade Sud 2 Kingsmead Boulevard Ben Aknoun, Algiers, Algeria Kingsmead Office Park Board Member and General Manager: Stalwart Simelane Street, Mr Mohamed Seddik Hafid Durban, 4001 Tel: +213 23 381 273, Fax: +213 23 381 276/77 South Africa Web: www.albaraka-bank.com PO Box 4395, Durban, 4000 South Africa Egypt Board Member and Chief Executive Officer: Al Baraka Bank Egypt Mr Shabir Chohan 60 Mohie Elddin Abu Elezz Street Tel: +27 31 364 9000, Fax: +27 31 364 9001 PO Box 455, Dokki, Giza, Egypt Web: www.albaraka.co.za Vice Chairman and Chief Executive Officer: Mr Ashraf El Ghamrawi Sudan Tel: +2023 748 1222, Fax: +2023 761 1436/7 Al Baraka Bank Sudan Web: www.albaraka-bank.com.eg Al Baraka Tower PO Box 3583 Indonesia Qasr Street, Khartoum, Sudan Al Baraka Banking Group Representative Office General Manager: Ravindo Building, 10th floor Mr Abdullah Khairy Hamid Jalan Kebon Sirih No. -
Credit Libanais Market Watch
5 CREDIT LIBANAIS S.A.L. Weekly Market Watch Economic Research Unit Credit Libanais Headquarters Issue No. 448 Adlieh Beirut, Lebanon Tel +961.1.608000 th th February 9 ‐ February 13 2015 Fax +961.1.608000 Ext. 1285 [email protected] TABLE OF CONTENTS LEBANON NEWS TH ECONOMIC INSIGHTS LEBANON RANKS 10 IN THE MENA REGION IN THE NATIXIS’ 2015 GLOBAL > Lebanon Ranks 10th in the MENA Region in the Natixis’ 2015 RETIREMENT INDEX Global Retirement Index 1 > Industrial Exports Shed 14.61% Y-O-Y to $2,890 Million up to According to Natixis Asset Management’s November 2014 2 report, Lebanon came in 10th in the > Commercial Banks’ Assets up by 6.60% to $175.70 Billion as th at End of Year 2014 3 region and 94 worldwide in the year > Gross Public Debt at $66.56 Billion at End of Year 2014 4 2015, with a score of 50% in the > Lebanon’s Annual Inflation Rate Stood at -1.66% in December retirement index. 2014 5 > Lebanon’s Coincident Indicator Down by 3.62% Y-O-Y in INDUSTRIAL EXPORTS SHED 14.61% November 2014 5 TO ILLION UP TO > New Car Sales Notch 2.70% Higher Y-O-Y in January 2015 6 Y-O-Y $2,890 M NOVEMBER 2014 > ABL Amends the BRR on LBP and USD Lending 7 > Beirut Port Freight Activity Drops by 18.07% in January 2015 7 Industrial exports came in 14.61% lower > The Number of Beirut Airport Passengers Adds 11.45% Y-O-Y in January 2015 8 y-o-y at $2,890 million as at the end of the first eleven months of 2014, down from just over $3,384 million during that MONETARY PERFORMANCE same period in 2013. -
Al Baraka Banking Group Publishes Its Sustainability & Social
PRESS RELEASE Your Partner Bank Al Baraka Banking Group publishes its Sustainability & Social Responsibility Report for 2017 Manama I November 28, 2017 Al Baraka Banking Group B.S.C. published the Group’s Sustainability & Social Responsibility Report for 2017. The Report includes Al Baraka’s progress during 2017 on its various programs and activities and covers countrywide global overview of achievements and all sustainability and social responsibility programs. The Report also includes an impact assessment of all the Al Baraka’s programs and activities. As part of the Report, Al Baraka also announces the second year assessment of the Al Baraka SDG Goals (2016- 2020). The Report reflects Al Baraka Banking Group’s commitment in following a business model that helps the organization to be socially responsible and impactful. In 2016, Al Baraka announced the Al Baraka SDG Goals (2016-2020) with a pledge of over $635 million to finance and fund Al Baraka SDG Goals. Al Baraka SDG Goals focus on Job Creation, Education, and Healthcare; and are linked with seven (7) of the Sustainable Development Goals 2030. The Al Baraka SDG Goals (2016-2020) seek to: 1. Create over 51,000 jobs. 2. Finance over $ 434 million for healthcare projects. 3. Finance over $191 million for educational projects. During 2017, Al Baraka Banking Group B.S.C. has been able to deliver on its Al Baraka SDG Goals, as follows: 1. Helped create 7,446 jobs which was 73% of the 2017 target of 10,207 jobs. 2. Provided $100,000,000 in education funding / financing which was 261% of the 2017 target of $38,173,398. -
Your Partner Bank
Your Partner Bank Announcement In view of the recent media reports from Saudi Arabia, we wish to make the following statement: Al Baraka Banking Group B.S.C. is a Bahraini Shareholding Company registered under the Commercial Companies Law of the Kingdom of Bahrain since 2002 and licensed as Islamic Wholesale Bank by the Central Bank of Bahrain, listed on Bahrain Bourse www.bahrainbourse.com and Nasdaq Dubai www.nasdaqdubai.com. Shaikh Saleh Abdullah Kamel is one of the shareholders and the current Chairman of the Board of Directors of Al Baraka Banking Group B.S.C. Al Baraka Banking Group B.S.C. is regulated and supervised by the Central Bank of Bahrain, and our operations are independent of the shareholders. All of the subsidiaries of Al Baraka Banking Group B.S.C. are corporate entities, registered and regulated in the respective countries in which they operate, with their own independent boards of directors, management and corporate governance frameworks. Al Baraka Banking Group B.S.C. is the parent bank of all Al Baraka banks around the three continents. It is jointly rated by Islamic International Rating Agency & Dagong Global Credit Rating Company Limited as BBB+ (long term) / A3 (short term) with a Stable Outlook and by Standard & Poor's at BB+ (long term) / B (short term). Al Baraka banks offer retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari'a. The authorized capital of Al Baraka Banking Group B.S.C. is US$ 1.5 billion, while total equity is at about US$ 2.1 billion. -
You Must Read the Following Before Continuing. The
IMPORTANT NOTICE IMPORTANT: You must read the following before continuing. The following applies to the Prospectus following this page, and you are therefore advised to read this carefully before reading, accessing or making any other use of the Prospectus. In accessing the Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them any time you receive any information from us as a result of such access. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION. THE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933 (THE ‘‘SECURITIES ACT’’), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION, AND THE SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT), EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE LAWS OF OTHER JURISDICTIONS. THIS PROSPECTUS MAY ONLY BE VIEWED BY (1) QUALIFIED INSTITUTIONAL BUYERS (“QIBS”) (WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT) OR (2) NON- U.S. PERSONS (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT) OUTSIDE THE UNITED STATES. THE FOLLOWING PROSPECTUS MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER AND ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS DOCUMENT IN WHOLE OR IN PART IS UNAUTHORISED. -
World Bank Document
69450 Public Disclosure Authorized The Role of Postal Networks in Expanding Access to Financial Services Country Case: Egypt’s Postal Finance Services Public Disclosure Authorized The World Bank Group Global Information and Communication Technology Postbank Advisory, ING Bank Postal Policy Public Disclosure Authorized Public Disclosure Authorized Author’s Note This paper discusses the role of the postal network in expanding access to financial services in Egypt. It reviews the public postal operator within the postal sector and within the broader context of the communications sector. The roles of the postal network and state and privately-owned banks are also reviewed from the perspective of the financial sector development, with particular focus on payments systems development and microfinance. This paper was prepared with desk research in 2004. Field visits were not scheduled. While this country case on Egypt can stand alone, it is an integral part of this large study of the potential of postal networks to coordinate with financial service providers in 7 countries (Egypt, Kazahkstan, Namibia, Romania, Sri Lanka, Uganda, and Vietnam) and 5 regions (Africa, Asia, Eastern Europe and Central Asia, Latin America and the Caribbean, and the Middle East and Northern Africa). Glossary of Abbreviations and Acronyms ATM automated teller machine BdC Banque du Caire CIDA Canadian International Development Agency EFT POS electronic fund transfer at point of sale EGP Egyptian pound ENPO Egypt national post office FFI formal financial institution GDP -
PID) APPRAISAL STAGE Report No.: AB2097 Operation Name EG- FINANCIAL SECTOR REFORM Region MIDDLE EAST and NORTH AFRICA
PROGRAM INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report No.: AB2097 Operation Name EG- FINANCIAL SECTOR REFORM Region MIDDLE EAST AND NORTH AFRICA Public Disclosure Authorized Sector Banking (85%) and Insurance (15%) Project ID P088877 Borrower(s) GOVERNMENT OF EGYPT Implementing Agency Ministry of Investment and Central Bank of Egypt Date PID Prepared January 12, 2006 Date of Appraisal March 15, 2006 Authorization Date of Board Approval June 15, 2006 1. Country and Sector Background 1. The financial sector in Egypt has been, over the past decade and a half, the subject of Public Disclosure Authorized reform efforts mainly aimed at financial liberalization to develop more effective financial instruments, strengthen the financial system’s infrastructure, and enhance competitiveness through increased private sector participation. Egypt, as a result, has modernized its financial system in a measurable way, and provided increased autonomy and power to the monetary and regulatory authorities. In particular, the government 1991 Economic Reform and Structural Adjustment Program (ERSAP) – supported by a World Bank adjustment operation – was designed to achieve macroeconomic stability of which an integral part was financial sector reform. That reform program foresaw two phases. The first focused on developing more effective monetary and financial instruments to control liquidity, and liberalizing interest rates and credit. The second phase focused on increasing competitiveness in the financial market by enhancing private participation in commercial banking, securities, and insurance. The objectives of the first phase were by and large met, while phase two of the program did not extend beyond Public Disclosure Authorized the establishment of a legal framework for bank privatization, as the sale of joint-venture or state-owned commercial banks were thought by the government to be premature given concerns for lack of public support. -
GFH Buys Athena Private School for Special Education
TUESDAY, DECEMBER 1, 2020 05 GFH buys Athena ABG EGM okays conversion of Private School for Bahrain-based parent company Kamel. usual under the supervi- stated, “This is a strategic The conversion is The license conversion sion of the CBB and their step that will enable the • will allow the Group to respective local banking Group to further enhance subject to receiving change the operational regulators. efficiency and performance Special Education regulatory approval structure of its parent com- The Group will also con- and, ultimately, enable us pany in Bahrain to better tinue to be listed on the to deliver greater value and TDT | Manama align it to the Group’s strat- Bahrain Bourse and NAS- opportunity for all stake- egy and business model DAQ Dubai. holders across the Group.” while ensuring that it can President & Chief Exec- l Baraka Banking continue to fully benefit Al Baraka Group B.S.C. utive of Al Baraka Bank- AGroup’s Extraordinary from the regulatory frame- Shareholders also ap - ing Group, Adnan Ahmed General Meeting approved work of the CBB. proved changing the Yousif added: “This tran- the recommendation of its However, the conversion Group’s commercial name sition will set the grounds Board of Directors to in - will in no way impact the from “Al Baraka Banking for streamlined operations, itiate the process of con- Group’s banking subsidiar- Group B.S.C.” to “Al Baraka better allocation of resourc- Athena Private School for Special Education Fatema Kamal verting the Group’s current ies, including Al Baraka Is- Group B.S.C.” es, improved results and Islamic Wholesale Bank lamic Bank Bahrain, which Chairman of the Board strong, ongoing support for TDT | Manama Athena also provides house boarding license in Bahrain to a Cat- will continue their banking of Directors of ABG, Shai- our subsidiaries around the facilities, which can accommodate egory 1 Islamic Investment activities and business as kh Abdullah Saleh Kamel world.” FH Financial Group (GFH) yester- up to 80 students in separate gender Firm license.