Al Baraka Banking Group
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 | |
| Company type | Public |
|---|---|
| BHSE:BARKA | |
| Industry | Finance |
| Founded | 1978 |
| Headquarters | Al Baraka Headquarters Manama, Kingdom of Bahrain |
Number of locations | Jordan, Egypt, Tunisia, Sudan, Bahrain, Turkey, South Africa, Algeria, Lebanon, KSA, Syria, Pakistan, Libya, Morocco and Iraq |
Area served | Worldwide over 600 Branches |
Key people | Mr. Abdullah Saleh Kamel, Chairman Mr. Mohamed Ebrahim Alshroogi, Vice Chairman |
| Revenue |  1.14 Billion USD 2020 |
Number of employees | 11,419 Employees Worldwide (2021) |
| Parent | Dallah Al Baraka Group |
| Website | www.albaraka.com |
Al Baraka Group B.S.C. ("ABG" / the “Group”) is licensed as an Investment Business Firm – Category 1 (Islamic Principles) by the Central Bank of Bahrain and is listed on Bahrain Bourse. It is a leading[citation needed] international Islamic financial group providing financial services through its banking subsidiaries in 17 countries offering retail, corporate, treasury and investment banking services, strictly in accordance with the principles of Islamic Shari'a.
The Group has a wide geographical presence with operations in Jordan, Egypt, Tunisia, Bahrain, Sudan, Turkey, South Africa, Algeria, Pakistan, Lebanon, Saudi Arabia,[1] Syria, Morocco and Germany, in addition to two branches in Iraq and a representative office in Libya and provides its services in more than 600 branches. ABG’s network serves a population totaling around one billion customers.
The authorized capital of ABG is US$2.5 billion
International presence
The global network of Al Baraka Group is present in 16 countries, as well under the Al Baraka and other brand names.[2]
| Country | Name | Former Name | Branches |
|---|---|---|---|
| Jordan | Jordan Islamic Bank | 108 | |
| Egypt | Al Baraka Bank Egypt | Al Ahram Bank (also formerly known as Egyptian Saudi Finance Bank) | 32 |
| Tunisia | Al Baraka Bank Tunisia | Saudi Tunisian Finance Bank | 37 |
| Sudan | Al Baraka Bank Sudan | 29 | |
| Bahrain | Al Baraka Islamic Bank (AIB) | Al Baraka Islamic Investment Bank B.S.C. (E.C.). | 6 |
| Turkey | Al Baraka Türk Participation Bank | Albaraka Türk Özel Finans Kurumu A.Ş. | 230 |
| South Africa | Al Baraka Bank Limited | 11 | |
| Algeria | Banque Al Baraka D'Algerie | 31 | |
| Lebanon | Al Baraka Bank Lebanon | 6 | |
| Saudi Arabia | Itqan Capital | 1 | |
| Syria | Al Baraka Bank Syria | 13 | |
| Pakistan | Al Baraka Bank | 188 | |
| Libya | Al Baraka Bank Representation | 1 Representative Office | |
| Iraq | Al Baraka Türk Participation Bank | 2 | |
| Morocco | BTI Bank | 5 |
References
- ^ "Al Baraka". 13 May 2018. Archived from the original on 13 May 2018. Retrieved 18 July 2022.
- ^ "Al Baraka". Al Baraka. Archived from the original on 11 May 2015. Retrieved 22 April 2013.
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