Albaraka Bank Sudan
Al Baraka Bank Sudan was established on 26/02/1984 and was officially inaugurated on 14/03/1984. The Head office is located at Al Baraka Tower Qasr Avenue, Khartoum-Sudan. The Bank is registered in the Sudanese General Registrar of Companies under the No. sh/2732 and licensed by the Central Bank of Sudanto exercise banking and investment business according to the provisions of Islamic Shari'a.
The bank’s authorized capital is 500 million SDG ( Five Hundred Million SDG) with USD 42.6 million (USD Forty-Two million six hundred thousand) issued and fully paid. Al Baraka Banking Group contributes 75.7% to the capital while other Sudanese shareholders contribute 24.3%.
Al Baraka Bank Sudan is a unit affiliated to Al Baraka Banking Group is a Bahrain Joint Stock Company licensed as an Islamic wholesale bank by Central Bank of Bahrain, listed on Bahrain Bourse and Nasdaq Dubai stock exchanges. It is a leading international Islamic banking group providing its unique services in countries with a population totaling around one billion and is rated by Standard & Poor's at BBB+ (long term) / B (short term). Al Baraka offers retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the Islamic Shari'a. The authorized capital of Al Baraka is US$ 1.5 billion, while total equity is at about US$ 2 billion.
The Group has a wide geographical presence in the form of subsidiary banking Units and representative offices in fifteen countries, which in turn provide their services through over 700 branches. Al Baraka currently has a strong presence in Jordan, Tunisia, Sudan, Turkey, Bahrain, Egypt, Algeria, Pakistan, South Africa, Lebanon, Syria, Iraq and Saudi Arabia, including two representative offices in Indonesia and Libya.
Since its inception, Al Baraka Bank Sudan occupied a leading position in the field of improving Islamic financial and banking services in Sudan, by constantly enhancing the service standards, beside being the pioneer in the area of electronic banking services and business re-engineering. Al Baraka Bank Sudan is the first bank to introduce electronic signatures, magnetic Cheques, connected its branches together by a network. Moreover, Al Baraka Bank Sudan was the and the first bank to introduce the Universal Teller concept in Sudan to establish a centralized operation processing Dept as a result of a complete business reengineering. The bank spreads geographically all over Sudan to cover many cities through 26 branches, with its three specialized branches designed to meet the needs of specific segments of society, such as Hirafeen (craftsmen) Branch; to meet craftsmen needs in Sudan, Mughtarbeen (Expatriates) Branch; to meet Sudanese expatriates, Zahraa (Ladies) Branch; is the first branch specially dedicated for ladies in Sudan.Best Islamic Bank in Sudan for four consecutive years (2013, 2014, 2015 and 2016)
Al Baraka Branches network in Sudan is well distributed in the country.