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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.


Banque Al Baraka D'Algerie S.P.A
Mr. Mohammed Seddik Hafid
Board Member & General Manager
Hai Bouteldja Houidef, Villa No.1
Rocade Sud, Ben Aknoun, Algiers,
Tel: +213 23 38 12 76 to 77
Fax: +213 23 38 12 73
Website: www.albaraka-bank.com

  Last Updated:08/08/2017
  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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