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Al Baraka Banking Group – Bahrain Al Baraka Bank Is Owned by Both Local and Albaraka Bank Limited in South Africa Is a Subsidiary International Investors

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Al Baraka Banking Group – Bahrain Al Baraka Bank Is Owned by Both Local and Albaraka Bank Limited in South Africa Is a Subsidiary International Investors CoMPaNy ProFile Al Baraka Banking Group – Bahrain Al Baraka Bank is owned by both local and Albaraka Bank Limited in South Africa is a subsidiary international investors. Primary shareholders, as of Al Baraka Banking Group, based in Bahrain. at 31 December 2011, included the Bahrain-based Al Baraka Banking Group B.S.C. (61,98%), DCD The eminent, internationally-renowned Al Baraka Holdings (SA) (Pty) Ltd. (8,61%), DCD London and Banking Group has a wide geographical presence Mutual plc (4%), Johannesburg-based Timewest in the form of subsidiary banking units and Investments (Pty) Ltd. (7,67%) and Sedfin (Pty) Ltd. representative offices in 15 countries which, in (3,33%). The balance of the bank’s shareholding turn, provide their services through more than 400 comprised foreign and local shareholders. branches and is listed on the Bahrain and Dubai financial exchanges. Recognising the South African bank’s tremendous growth and development, Al Baraka Banking Group Established to meet the need for Islamic banking has steadily increased its shareholding in the local services around the world, Al Baraka Banking business unit. Group provides a wide range of Shariah-compliant retail, corporate and investment banking offerings, The South African operation is now regarded as an together with treasury services and is striving to integral part of the group. Utilising this international become a totally integrated financial institution, linkage, together with the growth momentum the delivering to its customers a comprehensive bouquet bank has itself developed in recent years, Al Baraka of financial products to meet the ever-growing Bank is poised to take Islamic banking to a new level requirements of its customer-base. in this country. Against this background, and with a solid financial foundation, Al Baraka Bank is an The group is positioned to capitalise on rapid growth effective and efficient operator at the cutting-edge within its niche market. Indeed, Al Baraka Banking of Islamic banking in South Africa. Group’s 2011 net income totalled US$212,0 million and total assets increased to US$17,2 billion. The financial institution’s board comprises both local and international business people, all with the keen International subsidiaries in the Al Baraka Banking individual business skills and collective expertise and Group stable include: experience in Islamic banking to take Al Baraka Bank Banque Al Baraka D’Algerie in Algeria, Al Baraka to new heights in South Africa. As an Islamic bank, Al Islamic Bank in Bahrain, Al Baraka Bank Egypt in Baraka Bank adheres strictly to Shariah in its day-to-day Egypt, Jordan Islamic Bank in Jordan, Al Baraka Bank business activities, whilst ensuring that its products and Lebanon SAL in Lebanon, Al Baraka Bank Pakistan in services comply with Islamic business principles. Pakistan, Al Baraka Bank in South Africa, Al Baraka Bank Sudan in the Sudan, Al Baraka Bank Syria in The bank has an internal Shariah Department, Syria, Al Baraka Bank Tunisia in Tunisia, Al Baraka an independent Shariah Supervisory Board and Türk Participation Bank in Turkey and Al Baraka is a member of the international Accounting Banking Group representative offices in Indonesia and Auditing Organisation for Islamic Financial and Libya . Institutions. Its financial products are regularly reviewed and audited to maintain ongoing Al Baraka Bank – South Africa compliance with Shariah. Al Baraka Bank Limited in South Africa was established in 1989 and is the only fully-fledged Al Baraka Bank also provides a significant Islamic bank in the country. Following a faith-based contribution to the socio-economic development of system of financial management and taking its South Africa and its people through a wide-ranging guiding principles from Shariah, Al Baraka Bank offers Corporate Social Investment Programme. a viable alternative to the conventional banking models. With an enviable track-record and clear-cut positioning as ‘your partner bank,’ Al Baraka Bank is Shariah promotes profit-sharing, while prohibiting gaining a steadily increasing level of public support the payment or the receiving of interest in any as a financial institution which actively embraces transaction. With its head office in Durban, the Islamic business principles. This is a business bank’s national footprint includes six retail branches committed to the delivery of a highly professional, and four corporate banking offices and a professional fully-fledged and viable alternative to conventional sector business hub throughout South Africa, banking in South Africa. providing a range of sophisticated and fully Shariah- compliant products and services. 2 Your Partner Bank.
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