Al Baraka Bank

Al Baraka Bank Limited is the only fully-fledged Islamic bank in South Africa. It was established in 1989 and operates as a subsidiary of the Bahrain-based Al Baraka Group B.S.C. (C), formerly the Al Baraka Banking Group (ABG), an investment and business firm supervised by the Central Bank of Bahrain and one of the world’s largest Islamic financial groups, with more than US$31 billion in assets and over 600 branches in 13 countries at the end of 2025. Al Baraka Bank offers a wide range of Islamic banking products and services including participation accounts, corporate saver accounts, monthly investment plans, haj investment schemes, tax-free investment, Shariah compliant unit trust funds as well as trade finance, asset-based finance, motor vehicle finance, property finance, foreign exchange, international banking, electronic and transactional banking, internet banking, online statements, cheque book facility and more. At 31 December 2025, the Bank had R10.36 billion in total assets, R8.52 billion in customer deposits and R1.22 billion in shareholders’ interest, up from R5.880 billion in total assets at 31 December 2017. Its return on average shareholders’ interest for 2025 was 14.5 per cent.

Al Baraka Bank’s primary shareholders (at 31 December 2025):
Al Baraka Group B.S.C. (C) (64,51%)
Timewest Investments (Pty) Ltd. (7,67%)
DCD London and Mutual plc (6,60%)
Dominion (SA) (Pty) Ltd. (6,01%)
Sedfin (Pty) Ltd. (3,33%)
Esanjo Capital Ltd. (2,0%)

Head office address:
2 Kingsmead Boulevard, Kingsmead Office Park
Stalwart Simelane Street
Durban 4001, South Africa
Phone number: +27 31 364 9000
Fax: +27 31 364 9001
Website: www.albaraka.co.za