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Foreign Account Tax Compliance Act (FATCA)
 

 

Foreign Account Tax Compliance Act (FATCA)
AlBaraka Islamic Bank, Bahrain is registered with the US - IRS, as Registered Deemed-Compliant Foreign Financial Institution under GIIN  “ 86IIBW.00002.ME.048  “
We are fully compliant with FATCA regulations, in accordance with the directives of the Central Bank of Bahrain.

  Last Updated:09/09/2014
  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>>

  Individuals
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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