Al Baraka Group

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

The group was registered on 27 June 2002 under a licence from the Central Bank of Bahrain. ¹ In 2006 it held an initial public offering raising more than US$630 million and listed on the Bahrain Bourse and Nasdaq Dubai, with trading from September that year; in 2017 it issued US$400 million of Tier-1 sukuk listed on the Irish Stock Exchange. ¹ In June 2020 Abdullah Saleh Kamel became chairman, succeeding his father, Saleh Abdullah Kamel. ¹ In July 2022 it changed its name from Al Baraka Banking Group to Al Baraka Group after its licence was converted from a wholesale bank to an investment firm. ¹ Shareholders approved delisting and conversion to a closed company in November 2023, and the shares left the Bahrain Bourse in July 2024. ¹

Its units have operated in Algeria since 1991, Egypt since 1980, South Africa since 1989, Sudan since 1985, Tunisia since 1983, Lebanon since 1992 and Syria, as a joint-stock company, since 2007. ¹ In Jordan it operates as Jordan Islamic Bank, its first international operation, since 1978, and in Turkey as Albaraka Türk. ¹ On 19 November 2022 the Central Bank of Lebanon took control of Al Baraka Bank Lebanon, stripping its board and executive management of their powers. ¹

In 2025 the group had 690 locations, 11,074 employees and total assets of about US$31 billion. ¹

• English Wikipedia, "Al Baraka Group", revision 1381543581. ¹