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, the group offers retail, corporate and investment banking and treasury services in accordance with the principles of the Shari'a in 15 countries.
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 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.
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.

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.
CountryNameFormer NameBranches
Saudi ArabiaItqan Capital1
JordanJordan Islamic Bank97
IndonesiaAl Baraka Bank Representation1 Representative Office
PakistanAl Baraka Bank138
BahrainAl Baraka Islamic Bank Al Baraka Islamic Investment Bank B.S.C..19
TurkeyAl Baraka Türk Participation BankAlbaraka Türk Özel Finans Kurumu A.Ş.213
SyriaAl Baraka Bank Syria12
LebanonAl Baraka Bank Lebanon23
TunisiaAl Baraka Bank Tunisia22
AlgeriaBanque Al Baraka D'Algerie30
South AfricaAl Baraka Bank Limited17
SudanAl Baraka Bank Sudan27
EgyptAl Baraka Bank EgyptAl Ahram Bank 31
LibyaAl Baraka Bank Representation37
IraqAl Baraka Türk Participation Bank42