Baraka

Key Contacts

Abdul Jalil Alawadhi

General Manager

Abdul Jalil Alawadhi

General Manager

PRODUCT & SERVICES

Al Baraka Islamic Bank launches AI-powered chatbot

October 29, 2023

Al Baraka Islamic Bank (AIB) has recently announced the soft launch of its multi-lingual AI-chatbot powered by ChatGPT a groundbreaking addition to the bank s digital transformation journey. This come... View more

Al Baraka seals project finance deal with Sayacorp Aqar

May 23, 2023

Bahrain-based Al Baraka Islamic Bank has signed a strategic partnership agreement with Sayacorp Aqar a wholly-owned real estate and property development arm of leading hospitality group Sayacorp. As p... View more

Al Baraka Bank, TDFP to launch mobile wallet service in Tunisia

August 1, 2022

Tunisian Digital Finance for People (TDFP) has signed a partnership agreement with Al Baraka Bank to jointly launch and operate a financially and socially inclusive mobile wallet service in Tunisia. T... View more

Al Baraka inks finance deal with Burooj Property Development

April 17, 2022

Al Baraka Islamic Bank one of the leading Bahraini financial institutions has signed a MoU with Burooj Property Development to provide sharia a compliant real estate financing solutions to customers l... View more

Al Baraka unveils package to finance solar systems

January 16, 2022

Bahrain s Al Baraka Islamic Bank (AIB) has launched an exclusive financing package for its customers who wish to install solar systems to adopt a sustainable lifestyle as these systems feature a low i... View more

Mobile banking company REZQ-Baraka raises $20m for expansion

July 13, 2021

Zurich Capital Funds Holding (ZCFH) has marked the beginning of an exciting new chapter in its ongoing journey towards expanding its investment portfolio with the launch of its new mobile banking. ZCF... View more

Al Baraka Islamic hands over first Danat Al Baraka villa

June 16, 2021

Al Baraka Islamic Bank (AIB) has announced the successful handover of the first villa in Danat Al Baraka project located in Jannusan Bahrain. This comes following the bank s announcement of exclusive ... View more

Al Baraka Islamic unveils special offers for 211-unit Bahrain project

May 9, 2021

Al Baraka Islamic Bank (AIB) a leading Bahraini financial institution specialising in the field of Islamic banking has signed an agreement with Eskan Bank to launch exclusive financing offers for the ... View more

Al Baraka Islamic launches special property financing package

April 8, 2021

Al Baraka Islamic Bank (AIB) a leading financial institution in Bahrain has announced a first-of-its-kind financing offer in the kingdom in partnership with Bahrain s Ministry of Housing and Eskan Ban... View more

Al Baraka Islamic Bank net profits rise

February 22, 2021

Al Baraka Islamic Bank (AIB) reported a net profit attributable to the shareholders of BD1.23 million ( 3.26 million) in the fourth quarter of 2020 compared to BD196 000 reported in the fourth quarter... View more

Al Baraka set to launch digital banking platform

February 17, 2021

Al Baraka Islamic Bank (AIB) a leading Bahraini financial institution has partnered with Jumio a leading provider of end-to-end AI-powered identity verification and eKYC solutions to launch the bank s... View more

Al Baraka-Bahrain to cease ops at key branch

March 19, 2019

Al Baraka Islamic Bank (Al Baraka Bahrain) said that its Diplomatic Area branch will no longer be operating with effect from April 18 in line with its strategy to expand its presence in the digital ba... View more

Al Baraka Banking Group's Q1 net income up 11pc

May 8, 2018

Al Baraka Banking Group (ABG) a leading Bahrain-based Islamic banking group has reported a 11 per cent growth in its net income for the first quarter which rose to 57 million compared to 52 million fo... View more

Al Saraya Properies inks deal with Al Baraka

November 2, 2017

Al Saraya Properties a leading real estate brand in Bahrain has signed an agreement with Al Baraka Bank to provide its customers a number of unique benefits including credit card facility with mortgag... View more

Al Baraka launches first-ever Islamic credit cards

May 10, 2017

Al Baraka Islamic Bank (AIB Bahrain) a pioneer in the development of Islamic finance has announced the launch of its first-ever fully Shari a compliant credit cards. The new credit cards are being lau... View more

Al Baraka achieves $152m net income in 2016

February 23, 2017

Bahrain-based Al Baraka Banking Group a leading Islamic banking group has announced a seven per cent increase in total operating income and 9 per cent increase in net operating income during 2016 comp... View more

Al Baraka posts $116m net income

November 14, 2016

Bahrain-based Islamic banking group Al Baraka (ABG) has posted a net income of 116m during the first nine months of the year reported the Gulf Daily News our sister publication. To read further please... View more

Dana Gas announces a new oil discovery in Egypt’s Baraka

August 26, 2010

DANA Gas the Middle East s first and largest regional private sector natural gas company has announced that the Al Baraka-4 well drilled as an appraisal of the Al Baraka Field in the Komombo Concessio... View more