Al Baraka Banking Group
Al Baraka Banking Group is a Bahraini multinational banking corporation and is based in Manama, Bahrain. It was formed in 2002 in Manama, Bahrain. The company is listed on the Bahrain Stock Exchange and NASDAQ,[5] the group offers retail, corporate and investment banking and treasury services in accordance with the principles of the Shari'a in 15 countries.
![]() Your Partner Bank | |
Public | |
Traded as | BHSE: BARKA (DIFX: BARKA)[1] |
Industry | Finance and Insurance |
Founded | 1978 |
Headquarters | Al Baraka Headquarters
Bahrain Bay P O Box 1882 Manama, Kingdom of Bahrain |
Number of locations | Bahrain, Turkey, Jordan, Indonesia, Pakistan, Tunisia, Algeria, South Africa, Sudan, Syria, Lebanon Libya, Iraq and Egypt[2] |
Area served | Worldwide with 650 Branches[3] |
Key people | Shaikh Saleh Abdullah Kamel, Chairman Abdulla A. Saudi, Vice Chairman and Board Member Abdullah Saleh Kamel, Board Member & Chairman of the Board Executive Committee Adnan Ahmed Yousif, President and CEO Abdulrahman Shehab, COO[4] |
Products | Islamic banking Banking Investment banking Investment management |
Revenue | ![]() |
Number of employees | 11,458 Employees Worldwide (2015)[3] |
Parent | Dallah Al Baraka Group |
Website | www.albaraka.com |
It has total assets of $70.2 bn in 2012.
At its helm it has Saleh Abdullah Kamel and Abdullah A. Saudi who has been one of the most influential people in finance in the Middle East and North Africa (MENA) recent decades. Saudi is a Libyan banker, he has been an adviser to the Bank of Lebanon since 1997. He served at Central Bank of Libya from 1958 to 1972. He is Founder and General Manager of Libyan Arab Foreign Bank, Libya from 1972 to 1980. He was also the CEO of Fiat Automobiles. Saudi was a pioneer of finance in the Middle East so much so that he is the founder of the renowned Arab Banking Corporation.[6][7]
Mr Saudi has received many international accolades and decorations, including: the title of one of the “Most Innovative Bankers” in 1980 at a presentation at Georgetown University, Washington D.C.; “Best Banker” award from the Association of Arab American Banks in 1990; “Arab Banker of the Year” award from the Union of Arab Banks in 1993. He also has several gold medals and awards, notably those bestowed by the King of Spain and the President of Italy in 1977, and the Grand Medal of the Republic of Tunisia in 1993. Recently, he was honoured with the Integrity Award for Combating Forgery by the Arab Union - subordinate of the Arab League – in 2012.[8]
International presence
The global network of Al Baraka Banking Group is present in 15 countries, as well under the Al Baraka and other brand names.[2]
Country | Name | Former Name | Branches |
---|---|---|---|
Saudi Arabia | Itqan Capital | 1 | |
Jordan | Jordan Islamic Bank | 97 | |
Indonesia | Al Baraka Bank Representation | 1 Representative Office | |
Pakistan | Al Baraka Bank | 138 | |
Bahrain | Al Baraka Islamic Bank (AIB) | Al Baraka Islamic Investment Bank B.S.C. (E.C.). | 19 |
Turkey | Al Baraka Türk Participation Bank | Albaraka Türk Özel Finans Kurumu A.Ş. | 213 |
Syria | Al Baraka Bank Syria | 12 | |
Lebanon | Al Baraka Bank Lebanon | 23 | |
Tunisia | Al Baraka Bank Tunisia | 22 | |
Algeria | Banque Al Baraka D'Algerie | 30 | |
South Africa | Al Baraka Bank Limited | 17 | |
Sudan | Al Baraka Bank Sudan | 27 | |
Egypt | Al Baraka Bank Egypt | Al Ahram Bank (also formerly known as Egyptian Saudi Finance Bank) | 31 |
Libya | Al Baraka Bank Representation | 37 | |
Iraq | Al Baraka Türk Participation Bank | 42 |
References
- "Al Baraka Bank BARKA". Sharewadi. Retrieved 22 April 2013.
- "Al Baraka". Al Baraka. Retrieved 22 April 2013.
- "Al Baraka". Al Baraka. Retrieved 22 April 2013.
- "Al Baraka". Al Baraka. Retrieved 22 April 2013.
- "Baraka Group expects to offer shares in 2019 to fund expansion plans". NASDAQ.com. 9 September 2018. Retrieved 16 November 2018.
- "Libyan Spokesmen Portray Fiat Investment in Strictly Economic Terms". 10 December 1976. Cite journal requires
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(help) - "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 16 November 2018.
- MarketScreener. "Abdulla Ammar Al Saudi - Biography". www.marketscreener.com. Retrieved 16 November 2018.