Al Baraka Bank |
Al Baraka Bank Limited registered in the Republic of South Africa since 1989, pioneered Islamic banking in this country. Albaraka Bank operates as a subsidiary of the Bahrain-based Al Baraka Banking Group (ABG), one of the largest international Islamic banking groups in the world with more US$17.2 billion in assets (2011) and over 370 branches in 13 countries. Al Baraka Bank offers a range of Islamic financial products and services including retail banking, commercial banking, financing, treasury, and investment products and services. At the end of December 2010, the Bank had R2.825 billion (US$427.0 million) in total assets, R2.571 billion (US$389.0 million) in total deposits and R233.37 million (US$35.3 million) in shareholders’ equity. Head office address: |
