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Your Partner Bank Announcement In view of the recent media reports from Saudi Arabia, we wish to make the following statement: Al Baraka Banking Group B.S.C. is a Bahraini Shareholding Company registered under the Commercial Companies Law of the Kingdom of Bahrain since 2002 and licensed as Islamic Wholesale Bank by the Central Bank of Bahrain, listed on Bahrain Bourse www.bahrainbourse.com and Nasdaq Dubai www.nasdaqdubai.com. Shaikh Saleh Abdullah Kamel is one of the shareholders and the current Chairman of the Board of Directors of Al Baraka Banking Group B.S.C. Al Baraka Banking Group B.S.C. is regulated and supervised by the Central Bank of Bahrain, and our operations are independent of the shareholders. All of the subsidiaries of Al Baraka Banking Group B.S.C. are corporate entities, registered and regulated in the respective countries in which they operate, with their own independent boards of directors, management and corporate governance frameworks. Al Baraka Banking Group B.S.C. is the parent bank of all Al Baraka banks around the three continents. It is jointly rated by Islamic International Rating Agency & Dagong Global Credit Rating Company Limited as BBB+ (long term) / A3 (short term) with a Stable Outlook and by Standard & Poor's at BB+ (long term) / B (short term). Al Baraka banks offer retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari'a. The authorized capital of Al Baraka Banking Group B.S.C. is US$ 1.5 billion, while total equity is at about US$ 2.1 billion. Al Baraka Banking Group B.S.C. has a wide geographical presence in the form of subsidiary banking units and representative offices in 15 countries, which in turn provide their services through over 700 branches in Turkey, Jordan, Egypt, Algeria, Tunisia, Sudan, Bahrain, Pakistan, South Africa, Lebanon, Syria, Iraq and Saudi Arabia, including two representative offices in Indonesia and Libya. For more information about Al Baraka and its banking units, you can visit the corporate website www.albaraka.com .

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TOGETHER WE GROW Community  Sustainability  Prosperity
Social Responsibility Report 2015 TOGETHER WE GROW Community Sustainability Prosperity Your Partner Bank B Al Baraka Social Responsibility Report 2015 Contents Al Baraka Mission and Vision 02 INTRODUCTION Introduction: Al Baraka Social Responsibility Program 04 Board Committee on Social Responsibility 06 Board Social Responsibility Committee 08 Management Committee on Social Responsibility 09 President and Chief Executive’s Welcome 10 Targets Overview 11 Overview of the Al Abaraka Social Responsibility Program 12 PART ONE: GLOBAL OVERVIEW ABG 16 Bahrain 18 Egypt 20 Sudan 22 Syria 24 Lebanon 26 Turkey 28 Jordan 30 Algeria 32 Pakistan 34 Tunisia 36 South Africa 38 PART TWO: GLOBAL ACTIVITIES OVERVIEW Philanthropic Program 40 Qard Hasan Program 41 Economic Opportunities & Social Investments Program 42 Profiles of Board Social Responsibility Committee 44 Profiles of Board Management Committee 46 02 Al Baraka Mission and Vision The Vision “We believe society needs a fair and equitable financial system: one which rewards effort and contributes to the development of the community” The mission “To meet the financial needs of communities across the world by conducting business ethically in accordance with our beliefs, practicing the highest professional standards and sharing the mutual benefits with the customers, staff and shareholders who participate in our business success” Al Baraka Social Responsibility Report 2015 Al Baraka Social Responsibility Report 2015 04 Introduction Al Baraka Social Responsibility Program Shaikh Saleh Abdullah Kamel, Chairman, Al Baraka Banking Group Social Responsibility is, in Social Responsibility aims to create long- part. In meeting this commitment to term economic growth through the careful society, we make all possible efforts to essence, an approach towards management of natural resources (e.g.
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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.
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Al Baraka Banking Group Global Network
AL BARAKA BANKING GROUP GLOBAL NETWORK Bahrain Pakistan Al Baraka Banking Group Al Baraka Bank (Pakistan) Limited Group Headquarters AlBaraka House, 162, Bangalore Town Bahrain Bay Main Shahrah-e-Faisal, Karachi, Pakistan PO Box 1882, Manama, Kingdom of Bahrain Board Member and Chief Executive Officer: Board Member, President and Chief Executive Mr Shafqaat Ahmed Mr Adnan Ahmed Yousif Tel: +92 21 343 15851, Fax: +92 21 345 46465 Tel: +973 17541 122, Fax: +973 17536 533 Web: www.albaraka.com.pk Web: www.albaraka.com Saudi Arabia Al Baraka Islamic Bank B.S.C. Itqan Capital Group Headquarters The Headquarters Business Park Bahrain Bay West Tower, 15th Floor, Corniche Road, Jeddah PO Box 1882, Manama, Kingdom of Bahrain PO Box 8021, Jeddah, 21482 Board Member and Chief Executive Officer Kingdom of Saudi Arabia Mr Mohammed Isa Al Mutaweh Managing Director and Chief Executive Officer: Tel: +973 17535 300, Fax: +973 17533 993 Mr Adil S Dahlawi Web: www.baraka.bh Tel: +966 125 106030, Fax: +966 125 106033 Web: www.itqancapital.com Algeria South Africa Banque Al Baraka D’Algerie S.P.A. Albaraka Bank Limited Hai Bouteldja Houidef, Villa No. 1, Rocade Sud 2 Kingsmead Boulevard Ben Aknoun, Algiers, Algeria Kingsmead Office Park Board Member and General Manager: Stalwart Simelane Street, Mr Mohamed Seddik Hafid Durban, 4001 Tel: +213 23 381 273, Fax: +213 23 381 276/77 South Africa Web: www.albaraka-bank.com PO Box 4395, Durban, 4000 South Africa Egypt Board Member and Chief Executive Officer: Al Baraka Bank Egypt Mr Shabir Chohan 60 Mohie Elddin Abu Elezz Street Tel: +27 31 364 9000, Fax: +27 31 364 9001 PO Box 455, Dokki, Giza, Egypt Web: www.albaraka.co.za Vice Chairman and Chief Executive Officer: Mr Ashraf El Ghamrawi Sudan Tel: +2023 748 1222, Fax: +2023 761 1436/7 Al Baraka Bank Sudan Web: www.albaraka-bank.com.eg Al Baraka Tower PO Box 3583 Indonesia Qasr Street, Khartoum, Sudan Al Baraka Banking Group Representative Office General Manager: Ravindo Building, 10th floor Mr Abdullah Khairy Hamid Jalan Kebon Sirih No.
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Al Baraka Banking Group Publishes Its Sustainability & Social
PRESS RELEASE Your Partner Bank Al Baraka Banking Group publishes its Sustainability & Social Responsibility Report for 2017 Manama I November 28, 2017 Al Baraka Banking Group B.S.C. published the Group’s Sustainability & Social Responsibility Report for 2017. The Report includes Al Baraka’s progress during 2017 on its various programs and activities and covers countrywide global overview of achievements and all sustainability and social responsibility programs. The Report also includes an impact assessment of all the Al Baraka’s programs and activities. As part of the Report, Al Baraka also announces the second year assessment of the Al Baraka SDG Goals (2016- 2020). The Report reflects Al Baraka Banking Group’s commitment in following a business model that helps the organization to be socially responsible and impactful. In 2016, Al Baraka announced the Al Baraka SDG Goals (2016-2020) with a pledge of over $635 million to finance and fund Al Baraka SDG Goals. Al Baraka SDG Goals focus on Job Creation, Education, and Healthcare; and are linked with seven (7) of the Sustainable Development Goals 2030. The Al Baraka SDG Goals (2016-2020) seek to: 1. Create over 51,000 jobs. 2. Finance over $ 434 million for healthcare projects. 3. Finance over $191 million for educational projects. During 2017, Al Baraka Banking Group B.S.C. has been able to deliver on its Al Baraka SDG Goals, as follows: 1. Helped create 7,446 jobs which was 73% of the 2017 target of 10,207 jobs. 2. Provided $100,000,000 in education funding / financing which was 261% of the 2017 target of $38,173,398.
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GFH Buys Athena Private School for Special Education
TUESDAY, DECEMBER 1, 2020 05 GFH buys Athena ABG EGM okays conversion of Private School for Bahrain-based parent company Kamel. usual under the supervi- stated, “This is a strategic The conversion is The license conversion sion of the CBB and their step that will enable the • will allow the Group to respective local banking Group to further enhance subject to receiving change the operational regulators. efficiency and performance Special Education regulatory approval structure of its parent com- The Group will also con- and, ultimately, enable us pany in Bahrain to better tinue to be listed on the to deliver greater value and TDT | Manama align it to the Group’s strat- Bahrain Bourse and NAS- opportunity for all stake- egy and business model DAQ Dubai. holders across the Group.” while ensuring that it can President & Chief Exec- l Baraka Banking continue to fully benefit Al Baraka Group B.S.C. utive of Al Baraka Bank- AGroup’s Extraordinary from the regulatory frame- Shareholders also ap - ing Group, Adnan Ahmed General Meeting approved work of the CBB. proved changing the Yousif added: “This tran- the recommendation of its However, the conversion Group’s commercial name sition will set the grounds Board of Directors to in - will in no way impact the from “Al Baraka Banking for streamlined operations, itiate the process of con- Group’s banking subsidiar- Group B.S.C.” to “Al Baraka better allocation of resourc- Athena Private School for Special Education Fatema Kamal verting the Group’s current ies, including Al Baraka Is- Group B.S.C.” es, improved results and Islamic Wholesale Bank lamic Bank Bahrain, which Chairman of the Board strong, ongoing support for TDT | Manama Athena also provides house boarding license in Bahrain to a Cat- will continue their banking of Directors of ABG, Shai- our subsidiaries around the facilities, which can accommodate egory 1 Islamic Investment activities and business as kh Abdullah Saleh Kamel world.” FH Financial Group (GFH) yester- up to 80 students in separate gender Firm license.
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Islamic Finance Outlook 2021 Edition 3 Foreword
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Your Partner Bank
Your Partner Bank Al Baraka Bank South Africa Net Income Increases by 64% during the first half of 2019 4 September 2019 Al Baraka Bank South Africa, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), announced recently its financial results for the first half of 2019. The results revealed that the Bank continued to achieve excellent financial results and growth in businesses, where net income increased by 64% during the first half of 2019 compared to the same period last year. Total assets also increased by 6%, at the end of June 2019 compared to the end of 2018. The Bank's financial statements for the first half of 2019 show that the Bank succeeded in increasing its revenues and diversifying them from income from financings, fees and commissions, including the commissions from electronic banking services. As a result, total operating income increased by 7% to reach US$ 13.5 million compared to the same period last year. After deducting all operating expenses, net operating income increased by 47%, reaching US$ 4.8 million. While, net income increased significantly by 64% to reach US$ 3.7 million in first half of 2019 compared to the same period last year. On the other side, the Bank succeeded also in increasing its share from the deposits market, which was reflected positively on the total assets, which increased by 6% to reach US$ 503 million as at the end of June 2019 compared to the end of 2018. The Bank employed this increase in expanding its financing activities.
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Al Baraka Pulse : Issue 1
Al Baraka An Economic Bulletin from Al Baraka Banking Group PULSEFebruary 2019 Research & Development COVER FEATURE: Sustainability and Social Responsibility at Al Baraka Inside 02 Notes from the President & Chief Executive 04 Cover Story: Sustainability and Social Responsibility at Al Baraka 08 Al Baraka Bank-Egypt Building a better world through development 10 Al Baraka Bank- Algeria First Islamic Bank in Algeria 16 Al Baraka Banking Group holds it’s 26th Group Strategy Meeting 19 Al Baraka Bank-South Africa Sustainable Revenue and Value- Producing Opportunities through Digitalisation 22 Industry Update Al Baraka Pulse I February 2019 1 Notes from the President & Chief Executive Through its banking units in 17 countries, the Group continued to implement business expansion strategies, increase branches, strengthen market share in its local markets and strengthen its relationships with customers by providing high quality and competitive products and services. We are pleased to reach out to you again with Al Baraka Pulse, and we are indeed very happy to receive such an encouraging response to the first two issues from all our readers. Al Baraka Pulse is a link and a channel for the interaction between all our banking units, through which we share each of our individual Units’ successful and distinctive experiences and learn how to benefit from them. Thus, we are strengthening our consolidated business strategies. In 2018, we faced many challenges, particularly with the unstable global economic environment, regulatory and legislative developments and fluctuations in the local currencies against the US dollar in a number of countries where the Group’s units operate.
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Al Baraka Sustainability and Social Healthcare with US$434 Million Through Financing Responsibility Programs During 2019 Has Been US$3.4 Billion
ACHIEVING TOMORROW’S ASPIRATIONS... TODAY Sustainability & Social Responsibility Report 2019 At Al Baraka, it is the social impact that means more to us and this is deeply ingrained in our business model”. Your Partner Bank Al Baraka Banking Group B.S.C. Al Baraka Headquarters - Bahrain Bay P.O. Box 1882 Manama, Kingdom of Bahrain (Licensed as an Islamic Wholesale Bank by CBB) albaraka.com All pictures used in this report are original images received from Al Baraka Units from across the globe. Al Baraka Banking Group B.S.C. Sustainability and Social Repsonsibuility Report 2019 01 CONTENTS 02INTRODUCTION 12PART 1 21PART 2 AL BARAKA GOALS AL BARAKA GLOBAL (2016 – 2020) PROGRAMS 03 Vision and Mission 13 Al Baraka Goals (2016-2020) 24 Al Baraka Banking Group 07 Board Sustainability and Social 14 Al Baraka Goals (2016-2020): 26 Jordan Responsibility Committee 2019 Progress 28 Egypt 08 President and Chief 30 Tunisia Executive Statement 32 Bahrain 10 Overview of Al Baraka 34 Sudan Sustainability and Social 36 Turkey Responsibility Program 38 South Africa 40 Algeria 42 Pakistan 44 Lebanon 46 Syria 48 Morocco / Saudi Arabia 49PART 3 68PART 4 THE AL BARAKA IMPACT METHODOLOGY 1. The Al Baraka Initiatives: 50 South Africa Initiatives 52 Turkey Initiatives 54 Lebanon Initiatives 2. The Al Baraka Programs: 56 The Al Baraka Philanthropic Program 62 The Al Baraka Qard Hasan Program 63 The Al Baraka Economic Opportunities and Social Investments Program 65 The Al Baraka Time Commitment Program We believe that banking has a crucial role to play, and as bankers we have an incredible responsibility towards the resources in our hands”.
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AGM & EGM Meetings for the Year Ended 31/12/2018
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Company Profile
COMPANY PROFILE Creating the ultimate banking experience AL BARAKA BANK IN SOUTH AFRICA IS A FULLY INTEGRATED SUBSIDIARY OF BAHRAIN- BASED AL BARAKA BANKING GROUP, ONE OF THE WORLD’S LEADING ISLAMIC BANKING GROUPS. Al Baraka Banking Group - Bahrain term relationships with its clients. The bank has long adopted and Al Baraka Banking Group has subsidiary banking units and continues to adhere to a personal approach, enabling it to foster representative offices in no fewer than 15 countries, all of which close and meaningful partnerships with clients to the mutual benefit offer Shariah-compliant retail, corporate, investment and treasury of both client and bank. banking services. The group’s services are delivered through some 587 branches by 11 458 members of staff. The bank’s head office is situated in Durban. It boasts a national operating footprint comprising seven retail branches, three Established to meet the need for world-wide Islamic banking corporate banking offices, a business office and a dedicated Foreign services, Al Baraka Banking Group is listed on the Bahrain and Dubai Exchange Bureau, providing a range of products as a fully-fledged financial exchanges. Islamic and commercial banking enterprise. As at 31 December 2015, Al Baraka Bank’s primary shareholders included the Bahrain-based As a fully integrated financial institution, the group provides a Al Baraka Banking Group B.S.C. (64,51%), DCD Holdings (SA) (Pty) comprehensive financial products offering, specifically designed to Ltd. (6,01%), DCD London and Mutual plc (6,60%), Johannesburg- meet the changing requirements of its clients. based Timewest Investments (Pty) Ltd.
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Al Baraka Banking Group B.S.C
Al Baraka Banking Group B.S.C. UNIFIED SHARI'A SUPERVISORY BOARD REPORT, REPORT OF THE BOARD OF DIRECTORS, INDEPENDENT AUDITORS' REPORT AND CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2020 Ernst & Young — Middle East Tel: +973 1753 5455 P.O. Box 140 Fax: +973 1753 5405 East Tower — 10th floor [email protected] Bahrain World Trade Center www.ey.com/mena Manama C.R. no. 29977-1 Kingdom of Bahrain INDEPENDENT AUDITOR’S REPORT TO THE SHAREHOLDERS OF AL BARAKA BANKING GROUP B.S.C. Report on the Audit of the Consolidated Financial Statements Opinion We have audited the accompanying consolidated financial statements of Al Baraka Banking Group B.S.C. ("the Bank") and its subsidiaries (together "the Group"), which compromise the consolidated statement of financial position as at 31 December 2020, and the related consolidated statements of income, cash flows, changes in owners' equity and changes in off- balance sheet equity of investment accountholders for the year then ended, and notes to the consolidated financial statements, including a summary of significant accounting policies. In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at 31 December 2020, and the consolidated results of the operations, its cash flows, changes in owners' equity and changes in off-balance sheet equity of investment accountholders for the year then ended in accordance with Financial Accounting Standards ["FAS"] issued by the Accounting and Auditing Organisation for Islamic Financial Institutions ["AAOIFI"] ("FAS issued by AAOIFI as modified by CBB"). In our opinion, the Bank has also complied with the Islamic Shari'ah Principles and Rules as determined by the Shari'ah Supervisory Board of the Bank during the period under audit.
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