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Our Vision
"To be a leading and a diversified International Islamic Bank,
offering a wide range of quality products and services and forming
strategic alliances for a competitive edge".
Our Mission
"We strive to be a premier regional Islamic bank, dedicated
to the economic and social development of our target markets, maximizing
our clients and shareholders value, and focusing on the human resource
development in an environment of creativity and innovation"
About Us
AlBaraka Islamic Bank is a leading Islamic Bank operating in Bahrain,
covering Saudi Arabia, UAE, other GCC countries and Pakistan.
The bank has a large base of customers who aspire to conduct their
investments and financial transactions on the lines of Islamic Sharia.
The Legal constitution
AlBaraka is a joint stock company registered in Bahrain as an exempt
company. The Bank was incorporated and licensed to operate from
Bahrain as an Offshore bank on the 16th Ramadhan 1404H, corresponding
to 21st February 1984.The Bank operations are conducted under the
vigilance of the Bahrain Monetary Agency. The paid up capital of
the bank is US dollars 50 million, divided into 0.5 million shares
of US dollars each.
The Shareholders
AlBaraka is a part
of Dallah AlBaraka Group(DBG)of Saudi Arabia which was founded in
1969.DBG is one of the largest diversified business groups in
Saudi Arabia. With interests in over 300 companies, across 44
countries,DBG has a work force of 60,000.The groups assets exceed
US$7 billion mainly in business and finance sectors.
Around the world, there are 23 banks and financial institutions
working under the name of AlBaraka.Dallah AlBaraka Group has
decided to gradually combine the financial reporting and
monitoring of a number of AlBaraka entities under one holding
company-AlBaraka Banking Group(ABG),which is based in Bahrain.
This step will enhance the standing of AlBaraka banks and bring
out a solid institution for the good shareholders and investors
alike.
External Auditors
Ernst & Young
Head office
P.O.Box 1882 Manama, Bahrain,
Tel : (+973) 17535300
Telex: 8220 BARAKA BN
Fax: (+973) 17533993
E-mail : baraka@batelco.com.bh
Web :www.barakaonline.com
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