Al Baraka Bank Egypt
Al Baraka Bank Egypt[edit]
Al Baraka Bank Egypt has been operating since 1980[1] as a part of Al Baraka Group, which is considered to be one of the pioneers of Islamic banking globally.
The bank operates with a network of 32 branches[2] throughout Egypt’s Republic; covering Cairo, Alexandria and Delta, the Bank aims to have a geographical expansion through increasing the number of branches in most governorates by the end of 2025. The bank employs more than 1,000 qualified and skilled employees to provide the best banking and banking products and services to serve more than 150,000 customers.
Al Baraka Bank was awarded by Global Business Outlook Magazine “GBO” as the Fastest Growing Islamic Bank in 2022[3], it has also been listed in Forbes' Top 50 Listed
Companies in Egypt 2022[4] & 2023[5]
The bank is also developing a new 3-year strategy plan[6] that aspires to strengthen its activity in the Egyptian banking market.
ABG and its Units offer retail, corporate, treasury, and investment banking services that are applied in accordance with the principles of the Islamic "Sharia". During the Bank’s successful career in the banking sector and as a leading Islamic institution, Al Baraka Bank has been able to provide various and distinguished banking services and products that are suitable for all Customers segments of society, and in accordance with "Sharia" provisions (Deposits, Certificates, and Sukuk)
Al Baraka Banking Group (ABG) takes Bahrain as its headquarters. It provides its distinct banking services to many people, across all the countries in which it operates. The authorized capital of ABG is US$2.5 billion.
International Bank[edit]
Al Baraka Bank Group provides exceptional services in the countries in which it operates, the group has a wide geographical presence in the form of subsidiary banking units and representative offices in 3 continents (15 countries)[7], which in turn provide their services in more than over 600 branches.
The headquarters of the group is located in Bahrain & Al Baraka Group has operations and representatives in;
- Jordan
- Egypt
- Tunis
- Bahrain
- Sudan
- Turkey
- South Africa
- Algeria
- Pakistan
- Lebanon
- Syria
- Morocco
- Germany
- Iraq
- Libya
Board of Directors[8][edit]
- Chairman: Eng. Abdel Aziz Mohamed Abdo Yamani
- Managing Director: Mr Hazem Hussein Rashad Hegazy[9]
- Mr Hossam Bin El-Habib Bin Haj Amor
- Mr Ismail Saleh Abd El-Fattah
- Mr Hatem Abd El-monem Mohamed Montasser
- Mr Ahmed Mustafa Abd El-Hamid
- Mr Mohamed Abd El-Salam Elbasheer Elshokary
- Mr Ramy Ahmed Hasan El-Borai
- Mr Karim Mohamed Fouad Elfateh
- Mrs. Ghada Mustafa Labib
Financial Statements[edit]
1.755 Billion EGP, net profit growth rate of 55% by the end of December 2022.[10]
References[edit]
This article "Al Baraka Bank Egypt" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Al Baraka Bank Egypt. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
- ↑ "Al Baraka | Global Network". www.albaraka.com. Retrieved 2023-06-18.
- ↑ "Al Baraka Banking Group", Wikipedia, 2023-03-22, retrieved 2023-06-18
- ↑ "Facebook". www.facebook.com. Retrieved 2023-06-19.
- ↑ Mughal, Waqar. "Top 50 Listed Companies In Egypt 2022". Forbes Lists. Retrieved 2023-06-18.
- ↑ Mughal, Waqar. "Egypt's Top 50 Listed Companies 2023". Forbes Lists. Retrieved 2023-06-18.
- ↑ "Our Story | Al Baraka Bank Egypt". www.albaraka.com.eg. Retrieved 2023-06-19.
- ↑ "Al Baraka | Global Network". www.albaraka.com. Retrieved 2023-06-18.
- ↑ "Our Team| Al Baraka Bank Egypt". www.albaraka.com.eg. Retrieved 2023-06-18.
- ↑ contributors, Mark Otto, Jacob Thornton, and Bootstrap. "حازم حجازي". manhom.com (in العربية). Retrieved 2023-06-19.
- ↑ "Quarterly financial statements | Al Baraka Bank Egypt". www.albaraka.com.eg. Retrieved 2023-06-18.
