Albaraka Banking Group (ABG) was incorporated in Bahrain on 27 June 2002 and is 55% owned by Shaikh Saleh Abdullah Kamel and 45% by Dallah Al Baraka Holding Company (E.C.), Bahrain. ABG operates under an offshore banking licence and is holder of its shareholders’ interests in ten geographically diverse subsidiaries incorporated in Algeria, Bahrain, Egypt, Jordan, Lebanon, Pakistan, South Africa, Sudan, Tunisia and Turkey.
The creation of Albaraka Banking Group arose from the need, identified through the wisdom of Shaikh Saleh Kamel, for a truly global Islamic banking service for Muslims worldwide. Through the consolidation under the banner of Albaraka Banking Group in Bahrain – arguably the foremost Islamic banking centre in the world today – of these already established and successful banks, an entity has been created that is fast establishing a name for itself in the Arab and Islamic banking world.

The joining of the ten constituent banks under a single holding company, ABG, has not only created a group whose financial strength is greater than the sum of its parts, but has ideally placed it to take advantage of this growth in the industry and to expand to meet the challenges of that growth. ABG sees its mandate as the creation of an Islamic banking conglomerate that will provide its customers worldwide with a growing array of products and services strictly in conformity with the principles of the Shari’a.
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The Chief Executive Officer of ABG is Adnan Ahmed Yousif, also a Member of the Board, a prolific international banker who has over 30 years’ of experience and is the recipient of the prestigious Islamic Banker of the Year Award for 2004.

He is assisted by a Senior Management team comprising of Othman Ahmed Sulieman, Deputy General Manager, a senior and well-respected banker who has spent many years with the Dallah Al Baraka Group; K. Krishnamoorthy, Head of Financial Control, a senior financial professional who spent a number of years with Arab Banking Corporation (B.S.C.); Majeed H. Alawi, Head of Internal Audit, also a senior finance professional who was earlier with Arab Banking Corporation (B.S.C.) for many years; and Dr. Ahmed Mohyedeen, Head of Research & Development and Member of the Shari’a Supervisory Board, who has spent a number of years with the Dallah Al Baraka Group.