Our Story

As a leading financial institution, Al Baraka Islamic Bank has helped to build the infrastructure of the Islamic finance industry since our establishment in 1984. Our reputation for success has allowed us to promote the merits of Islamic finance with innovative and Shari’a-compliant products. Our knowledge of Islamic Fiqh, the breadth of our team’s experience, and the financial security of our parent company, Al Baraka Banking Group, has empowered us to achieve exceptional results on behalf of large financial institutions and high net worth clients alike. In 2010, we merged our branches in Pakistan with Emirates Global Islamic Bank Ltd., establishing Al Baraka Bank Pakistan Ltd. (ABPL). In 2016, we merged ABPL with Burj Bank Ltd., creating 74 new branches with more than 2,500 professionals in over 100 cities. As part of our strategy to enter key regional markets, Al Baraka acquired 60% of the shares of Itqan Capital, a joint stock company registered in the Kingdom of Saudi Arabia, in 2012. Now, we are focusing on consistent growth in business operations, with an emphasis on commissions and fee-based income. We’re expanding our investment portfolio, developing our infrastructure, and modernising our services to improve your customer experience.

Al Baraka Islamic Bank (AIB) is a retail Islamic bank, licensed by the Central Bank of Bahrain and registered with Bahrain’s Ministry of Industry, Commerce, and Tourism, under Commercial Registration No. 14400. We have an authorised capital of 600 million USD, and an issued and paid-up capital of 122.5 million USD.

AIB is a banking unit of Al Baraka Group (ABG), a joint stock company listed on the Bahrain stock exchange. Al Baraka Group B.S.C ("ABG" / the “Group”) is licensed as an Investment Business Firm – Category 1 (Islamic Principles) by the Central Bank of Bahrain. It is a leading international Islamic financial group providing financial services through its banking subsidiaries in 15 countries offering retail, corporate, treasury and investment banking services, strictly in accordance with the principles of Islamic Shari'a.

The Group has a wide geographical presence with operations in Jordan, Egypt, Tunisia, Bahrain, Sudan, Turkey, South Africa, Algeria, Pakistan, Lebanon, Syria, Morocco and Germany, in addition to two branches in Iraq and a representative office in Libya and provides its services in more than 600 branches. ABG’s network serves a population totaling around one billion customers.

The authorized capital of ABG is US$ 2.5 billion.

Vision:

To be a global leader in innovative participation finance, offering an agile ethical financial system built for the digital age.

Mission:

To  fulfill the financial needs of communities across the globe by conducting business through an ethical customer-centric approach tailored for the digital age, based on our core beliefs and aimed at sharing the mutual rewards with our partners in business success: our customers, our employees, our shareholders, and our communities at large.

Values:

Partnership:

Our shared beliefs create strong bonds that form the basis of long-term relationships with customers and staff.

Agility:

We are fleet-footed to adapt to the Digital Age to meet the fast changing customer behavior and needs in a dynamic and challenging environment.

Innovation:

We recognize that an ‘INNOVATION FIRST’ culture is necessary to be able to serve our customers on a ‘here and now’ basis in a fast changing world.

Trust:

Our customers can experience peace of mind and rest assured that their financial interests are being managed by us to the highest ethical standards of participation finance.

Development:

By banking with our banking subsidiaries, our customers make a positive contribution to a better society - their growth and ours will sustain the greater good of society.