Al Baraka Bank
ABG head office  

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 Banking Group (ABG), one of the world’s largest Islamic financial institutions with more US$25 billion in assets and about 600 branches in 15 countries. Al Baraka Bank offers a wide range of Islamic financial products and services including retail and commercial banking, financing, treasury, and investment services. At the end of June 30, 2016, it had R5.131 billion (US$0.35 billion) in total assets, R4.448 billion in customer deposits and R621.8 million in shareholders’ equity.

Al Baraka Bank’s primary shareholders:
Al Baraka Banking Group B.S.C. (64,51%)
DCD Holdings (SA) (Pty) Ltd. (6,01%)
DCD London and Mutual plc (6,60%)
Timewest Investments (Pty) Ltd. (7,67%)
Sedfin (Pty) Ltd. (3,33%)

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