FAQ's

Q1: My card has been captured in your ATM, but the ATM is not near the branch.  Where can I collect the card?

A1: If the card is not issued by Al Baraka Islamic Bank, the card will be destroyed, but if the card is issued by Al Baraka Islamic Bank, then it will be sent to the issuing Branch.

 

Q2: What are the ways that I can deposit to my account?
A2: You can deposit through:

• Cash & Cheques through our branches (for savings accounts, Al Barakat accounts and the Credit Card)
• Cash through the ATM
• Through the Portal in the website (for Al Barakat accounts and the Credit Card)

 

Q3: How can I activate my dormant account?
A3: You need to visit the nearest branch to you. They will need your valid ID and to deposit or withdraw an amount to activate it for you.

 

Q4: When are your branch opening times?
A4: We have 8 branches:

1. Bahrain Bay (Main Branch)
   • Sunday till Wednesday from 7:30 to 14:30
   • Thursday from 7:30 to 13:30
2. Riffa Branch
   • Morning:  Sunday till Thursday from 7:30 to 13:00
   • Evening:  Sunday / Tuesday / Thursday from 16:30 to 18:30
3. Diplomatic area
   • Morning:  Sunday till Thursday from 7:30 to 13:00
   • Evening:  Sunday / Tuesday / Thursday from 16:30 to 18:30
4. Isa Town Branch
   • Morning:  Saturday till Wednesday from 7:30 to 13:00
   • Evening:  Saturday / Monday / Wednesday from 16:30 to 18:30
5. Muharraq Branch
   • Morning:  Sunday till Thursday from 7:30 to 13:00
   • Evening:  Sunday / Tuesday / Thursday from 16:30 to 18:30
6. Al Muharraq Seef Mall Branch
   • Saturday To Wednesday from 10:00 to 18:00
7. Ramli Mall Branch A'ali
   • Saturday To Wednesday from 10:00 to 18:00
8. Galleria Mall Branch
   •  Morning:  Saturday till Wednesday from 8:00 to 14:00
   •  Evening:  Saturday / Monday / Wednesday from 16:30 to 18:30

 

Q5: Where are Al Baraka branches located?
A5: We have 8 branches that are located in:

1. Bahrain Bay (Main Branch)
2. Riffa Branch
3. Diplomatic area
4. Isa Town Branch
5. Muharraq Branch
6. Al Muharraq Seef Mall Branch
7. Ramli Mall Branch A'ali
8. Galleria Mall Branch

 

Q6: When are Al Barakat raffle dates and what prizes are there to be won?
A6:

Quarter Prize	05/03/2019	BD 100,000 x 1
Monthly Prizes		Salary BD 555 x 1
		BD500 x 20
		BD300 x 60
Monthly Prizes	03/04/2019	Grand Prize BD10,000x 1
		Salary BD 555 x 1
		BD500 x 20
		BD300 x 60
Monthly Prizes	05/05/2019	Grand Prize BD10,000x 1
		Salary BD 555 x 1
		BD500 x 20
		BD300 x 60
Quarter Prize	04/06/2019	BD 100,000 x 1
Monthly Prizes		Salary BD 555 x 1
		BD500 x 20
		BD300 x 60
Monthly Prizes	03/07/2019	Grand Prize BD10,000x 1
		Salary BD 555 x 1
		BD500 x 20
		BD300 x 60
Monthly Prizes	04/08/2019	Grand Prize BD10,000x 1
		Salary BD 555 x 1
		BD500 x 20
		BD300 x 60
Grand Prize	03/09/2019	BD 300,000 x 1
Monthly Prizes		Salary BD 555 x 1
		BD500 x 20
		BD300 x 60

 

Q7: What finances does Al Baraka Islamic Bank provide and what are the rates?
A7:

Goods Finance - Salary Transfer is Mandatory (Flat Rates %)
Tenor (Years)	Bahrainis	Non-Bahrainis	Self- Employed
7	2.92%	4.75%	4.75%

 

Auto Finance - New Cars (Flat Rates %)
Tenor (Years)	With Salary Transfer	Without Salary Transfer	Self- Employed
7	2.88%	3.22%	4.15%

 

Auto Finance – Used Cars (Flat Rates %)
Tenor (Years)	With Salary Transfer	Without Salary Transfer	Self- Employed
7	3.45%	4.00%	4.50%

 

Mortgage Finance - (Reducing Rates % - Variable)
Purpose	Bahraini (Salaried)	Others	Class 1
Residential	5.75%	7.50%	5.75%
Investment	7.50%	8.50%	7.00%

 

Taqseet Service Finance - (Flat Rates % - Variable)
Periods	Bahrainis	Expatriates (Non-Bahraini Salaried)
1 to 7 Years	2.92%	5.00%

 

Q8: What are the requirements to apply for finance with Al Baraka Islamic Bank?
A8:

 

Bahrainis	Expatriates	Self Employed
2 Valid ID’s (CPR and Driving License or Passport)	2 Valid ID’s (CPR and Driving License or Passport)	2 Valid ID’s (CPR and Driving License or Passport)
3 Months’ Salary Slip	3 Months’ Salary Slip	CR Copy
Salary Certificate	Salary Certificate	6 Months’ Bank Statement
3 Months Bank Statement	3 Months Bank Statement
	Valid Resident Permit

 

For Property Finance:
The Customer needs to provide us with the Title Deed, the seller CPR and the MOH approval (for Mazaya deals).

For Auto & other goods Finance:

• New Car Quotation (valid, Engine number, Chassis number, color and addressed to AlBaraka Islamic Bank)
• Used Car Quotation (valid, Engine number, Chassis number, color, Model Year if from agent and addressed to AlBaraka Islamic Bank)
• Used Car from Person (Vehicle Ownership Certificate, Insurance Certificate Card and seller CPR)

 

Q9: What are the requirements to apply for a Credit Card?
A9: An applicant for a Credit Card will be required to complete & submit the prescribed Application form along with the following documents:

 

Employed Individuals

• 2 Valid Identification
• Resident permit is required for non-Bahraini
• Salary Certificate
• Latest salary slip
• Bank account statement for the past 3 months

 

Self-Employed Individuals

• 2 Valid Identification
• Bank account statement for the past 6 months
• Valid copy of Commercial Registration (CR)
• Memorandum of Association
• Board Resolution for W.L.L

 
Against Barakat/Cash collateral
• 2 Valid Identification (Passport & CPR or driving license) • Resident permit is required for non-Bahraini