Al Baraka Bank

Al Baraka Bank is a fintech company in Manama, Bahrain, founded in 1984.

Bahrain's leading Sharia-compliant Islamic bank.

Headquarters
Manama
Founded
1984
Business Model
B2C

About

Al Baraka Islamic Bank B.S.C. (c) is a leading Islamic financial institution headquartered in Manama, Bahrain, established in 1984 as one of the pioneering banks in the Islamic banking sector. Operating as a subsidiary of the Al Baraka Group (ABG) — a Bahraini international Islamic financial group spanning 13 countries — Al Baraka Islamic Bank provides a comprehensive range of Sharia-compliant retail and corporate banking products including savings and investment accounts, personal and auto financing, property finance, trade finance, and treasury and capital markets services. The bank's product offerings are structured under Islamic finance principles such as Murabaha and Wakala contracts, avoiding interest-based transactions in accordance with Sharia law. Over more than three decades of operation, it has grown into one of Bahrain's leading financial institutions, serving individual customers, businesses, and financial institutions. The bank offers digital banking through its mobile app and maintains a network of branches and ATMs across Bahrain, with services including credit cards under the Mastercard brand (Titanium, Platinum, World, World Elite).

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