Al Baraka Islamic Bank
Self description - 'About Us'
Al Baraka Banking Group is a Bahrain Joint Stock Company Licensed as an Islamic Wholesale Bank by Central Bank of Bahrain, listed on Bahrain Bourse and Nasdaq Dubai stock exchanges. It is a leading international Islamic bank providing its unique services to around one billion people and with Standard and Poor's investment grade long term counterparty credit rating of BBB- / A-3 (Short Term). Al Baraka offers retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari'a. The authorized capital of AlBaraka is US$1.5 billion, while total equity amounts to about US$1.8 billion.
The Group has a wide geographical presence in the form of subsidiary banking Units and representative offices in fifteen countries, which in turn provide their services through more than 400 branches. Al Baraka is currently having a strong presence in Jordan, Tunisia, Sudan, Turkey, Bahrain, Egypt, Algeria, Pakistan, South Africa, Lebanon, Syria, Indonesia, Libya, Iraq and Saudi Arabia
Vision
“We believe society needs a fair and equitable financial system: one which rewards effort and contributes to the development of the community”
Mission
“To meet the financial needs of communities across the world by conducting business ethically in accordance with our beliefs, practicing the highest professional standards and sharing the mutual benefits with the customers, staff and shareholders who participate in our business success”
Values
Partnership
Our shared beliefs create strong bonds that form the basis of long-term relationships with customers and staff.
Driven
We have the energy and perseverance it will take to make an impact in our customers’ lives and for the greater good of society.
Neighbourly
We value and respect the communities we serve. Our doors are always open; our customers always experience a warmhearted, hospitable welcome and accommodating service.
Peace of mind
Our customers can rest assured that their financial interests are being managed by us to the highest ethical standards. Social contribution
By banking with us our customers make a positive contribution to a better society; their growth and our growth will benefit the world around us.
Our basic strengths, which go back to the earliest days of our foundation over 30 years ago, and on which we have depended for moral sustenance throughout that time, may be summarised as:
- Adherence to Shari’a principles
- Close customer relationships
- a partnership of equals
- Financial probity
- A local bank first and foremost - but with international reach
