ALBARAKA ISLAMIC B.S.C.

Company Introduction

Al Baraka Islamic B.S.C. refers to Al Baraka Banking Group B.S.C., a prominent international Islamic banking group headquartered in Bahrain. In Pakistan, its operations are carried out through its subsidiary, Al Baraka Bank (Pakistan) Limited. This institution is dedicated to providing a comprehensive range of Shariah-compliant financial products and services. It caters to diverse client segments including retail customers, corporations, and small and medium-sized enterprises. The bank offers various services such as consumer banking, corporate banking, investment banking, and treasury functions, all structured according to Islamic principles. Al Baraka is known for its commitment to ethical banking practices and its role in fostering economic development in the regions where it operates.

Factory or Trader

Al Baraka Islamic B.S.C. is neither a factory nor a trader. It is a financial institution, specifically an Islamic bank, providing banking and financial services.

Al Baraka Islamic Bank (Pakistan) Limited offers a range of Sharia-compliant products and services. These include:

Personal Banking Products

Current Accounts

Savings Accounts (based on Mudarabah)

Term Deposit Accounts (based on Mudarabah)

Home Financing (Easy Home - based on Diminishing Musharakah)

Auto Financing (Easy Car - based on Murabaha or Ijarah)

Personal Financing (Easy Cash - based on Murabaha)

Debit Cards (PayPak, MasterCard)

Remittance Services

Business Banking Products (for Small and Medium Enterprises and Corporates)

Business Current Accounts

Business Savings Accounts

Working Capital Finance (based on Murabaha, Musharakah, Ijarah, Salam, Istisna)

Trade Finance (including Import and Export Murabaha, Letters of Credit, Letters of Guarantee)

Project Finance

Cash Management Services

Digital and Other Services

Al Baraka Mobile Banking Application

Internet Banking

ATM Services