Established in 1989, Al Baraka Bank Limited holds the distinction of being South Africa's first Islamic bank. It operates under the principles of Shari'ah law, providing ethical, interest-free banking solutions. The bank is a subsidiary of the Al Baraka Banking Group (ABG), a prominent international Islamic banking group headquartered in Bahrain. Its mission is to be the leading provider of Islamic financial services in South Africa, focusing on community upliftment and shared prosperity through a range of products including transactional accounts, vehicle and property finance, and investment products for individuals and businesses.

Founded in

South Africa