Al Baraka Group

Al Baraka Group
TypePrivate bank
IndustryFinance
Founded1982; 44 years ago (1982)
HeadquartersManama, Bahrain
Number of locations
690 (2025)
Area served
Algeria, Bahrain, Egypt, Jordan, Lebanon, Pakistan, South Africa, Sudan, Syria, Tunisia and Turkey
Key peopleAbdullah Saleh Kamel, Chairman
Mohamed Ebrahim Alshroogi, Vice Chairman
USD 1.3 billion (2025)
Total assetsUSD 31 billion (2025)
Total equityUSD 2.1 billion (2025)
Number of employees
11 074 (2025)
ParentDallah Al Baraka Group
Websitewww.albaraka.com

Al Baraka Group B.S.C. is a Bahraini international Islamic financial group that provides retail, corporate, treasury, and investment banking services through banking subsidiaries in 13 countries. Licensed by the Central Bank of Bahrain as an Investment Business Firm – Category 1 (Islamic Principles), it is headquartered in Manama, Bahrain.

History

Al Baraka Group B.S.C. was established and registered on 27 June 2002 under a license from the Central Bank of Bahrain.

In 2006, Al Baraka launched an initial public offering, raising more than US$630 million and listing its shares on the Bahrain Bourse and Nasdaq Dubai. Trading on both markets began in September 2006. In 2017, the group issued US$400 million in Tier-1 Islamic sukuk, which was listed on the Irish Stock Exchange.

In June 2020, Abdullah Saleh Kamel was appointed chairman, succeeding his father, Saleh Abdullah Kamel.

In July 2022, the company changed its official name from Al Baraka Banking Group B.S.C. to Al Baraka Group B.S.C., after receiving regulatory approval to convert its license from Wholesale Bank (Islamic Principles) to Investment Firm Category 1 (Islamic Principles).

In November 2023, shareholders approved the delisting of the company from the Bahrain Bourse and its conversion from a public shareholding company to a closed shareholding company, subject to regulatory approvals. The shares were delisted from the Bahrain Bourse in July 2024.

International operations

The global network of Al Baraka Group is present in 13 countries, as well under the Al Baraka and other brand names.

Africa

Asia

References

  1. 1 2 3 4 5 Al Baraka Annual Report 2025
  2. ↑ "Al Baraka Banking Group Sudan - AGE (African Growing Enterprises) File". Institute of Developing Economies. Retrieved 11 November 2025.
  3. ↑ "Al Baraka Group B.S.C - Company Profile and News". Bloomberg.
  4. 1 2 3 "Corporate Governance Report 2024" (PDF). Al Baraka Group.
  5. ↑ "Appointment of Mr. Abdullah Saleh Kamel as the Chairman of the Board of Directors of Al Baraka Banking Group". Al Baraka Group. 8 June 2020.
  6. ↑ "Changing the Operating License and Name". Al Baraka Group. 6 July 2022.
  7. ↑ "Al Baraka Group Holds its e-Extraordinary General Assembly Meeting". Al Baraka Group. 14 November 2023.
  8. ↑ "Al Baraka delists from Bahrain Bourse". Islamic Finance News. 3 July 2024.
  9. ↑ "Al Baraka Group achieves growth in total assets to US$ 25.45 billion". Al Baraka Group. 14 August 2024.
  10. ↑ "Al Baraka". Al Baraka. Archived from the original on 11 May 2015. Retrieved 22 April 2013.
  11. ↑ Benelkadi, Kamel (12 April 2026). "La Banque Al Baraka Algérie inaugure une agence à Chelghoum El Aïd". El Watan (in French).
  12. ↑ "Al Baraka Bank inaugurates new branch in Ismailia". Daily News Egypt. 5 August 2023.
  13. ↑ "Ethical banking goes mainstream: Interview with Shabir Chohan, CEO, Al Baraka Bank South Africa". IBS Intelligence. 28 January 2026.
  14. ↑ "Al Baraka Banking Group Sudan - AGE (African Growing Enterprises) File". Institute of Developing Economies.
  15. ↑ "Al Baraka Bank Tunisia Adopts New Identity". Future Banking. 27 December 2009.
  16. ↑ Roy, Delwin A. (1991). "Islamic Banking". Middle Eastern Studies. 27 (3): 427–456. ISSN 0026-3206.
  17. ↑ Schellen, Thomas (1 February 2004). "Q&A: Tameem Jad". Executive Magazine.
  18. ↑ "BDL names Ahmad Safa Al Baraka temporary director". BusinessNews. 10 May 2024.
  19. ↑ "Presidente sirio se reúne con el empresario textil sirio Mohammad Sharbati". 14 April 2026.