Yes, all search engines give credit to incoming links.
PageRank is a term coined by Google. Other Search Engines might call it differently but most of them do give weightage to this concept.
A link pointing towards your website translates into external opinion on your website. It is an off page factor to determine whether your website is relevant. If a search engine finds a link pointing towards your website, it gives your website the weightage or value of that incoming link based on the quality and relevance of the incoming link.
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