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Al Baraka Algeria

Banque Al Baraka D'Algerie was incorporated in May 1991 as an Islamic Bank and operates under a commercial banking license issued by the Bank of Algeria. The main activities of the bank are retail and commercial banking. The Bank operates 25 branches.

Mr. Mohamed Seddik Hafid
Board Member & General Manager
Banque Al Baraka D’Algerie S.P.A.

Hai Bouteldja Houidef, Villa No. 1,
Rocade Sud, Ben Aknoun,
Alhiers, Algeria
Tel: +21321 916 450 to 55
Fax: +21321 916 458
Website: www.albaraka-bank.com

  Last Updated:16/09/2012
  About Al Baraka
Al Baraka Islamic Bank - Bahrain (AIB - Bahrain) established 1984 in Bahrain and up the years has pioneered the development of Isl... read more>>

Current Accounts: On demand accounts are not entitled to receive profits but do not bear any loss either. They are designed speci... read more>>

  Commercial & Corporate
Murabaha is an Islamic form of asset financing and has a fixed term and a pre-determined profit. In a Murabaha the bank buys a spe... read more>>
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