Al Baraka Bank Egypt

What Al Baraka Bank Egypt does

Al Baraka Bank Egypt B.S.C. (C) is a Cairo-headquartered Islamic banking institution and wholly-owned subsidiary of Bahrain-based Al Baraka Banking Group B.S.C., a diversified international Islamic banking conglomerate with operations across 13 countries in MENA, Africa, and South Asia. Founded in 1980 and listed on the Egyptian Exchange (EGX: SAUD), the bank serves retail customers, corporates, and SMEs through a 44-branch domestic network that includes its first presence in Upper Egypt governorates, complemented by mobile banking, internet banking, I-Save, and INSTAPAY digital channels. The bank is regulated by the Central Bank of Egypt and operates under a Sharia Supervisory Board.

The bank's product architecture is built entirely on Sharia-compliant principles and spans deposit and investment products (savings accounts, current investment accounts, certificates of deposit and Sukuk, multi-currency time deposits, USD-denominated Diamond certificates), card products (Islamic credit cards including the Classic Card and World Credit Card, and the World Debit Card for Tharaa premium customers), and a broad retail financing suite covering personal, auto, education, home furnishings, home finishings, tourism, and club memberships. Corporate offerings include financing channels, structured finance and syndication, global transactional banking, custody and clearing, investment and securities services, and the Tamayoz corporate service. SME banking is served through the Izdhar program, and bancassurance offerings include the I-Relax, I-Guard, I-Protect, I-Shine, I-Start, and I-Study product family.

Al Baraka Bank Egypt generates revenue through conventional Islamic banking activities — primarily net income from financing activities, investment returns on restricted and unrestricted investment accounts, and fee-based services from cards, trade finance, custody, and syndication. In 2025 the bank reported net profits of EGP 4.02 billion, a 33.5% YoY increase with 400% cumulative growth over four years, against a corporate portfolio of EGP 40.9 billion and a syndicated financing portfolio exceeding EGP 12 billion (+62% YoY). Recent inorganic expansion includes the 2025 acquisition of mortgage lender Amlak Finance Egypt and an ongoing mandatory tender offer for a majority stake in Al Tawfeek Leasing Company (A.T. LEASE), positioning the bank as a consolidator of Egypt's Sharia-compliant non-bank financial services sector.

Name

Al Baraka Bank Egypt

Legal name

Al Baraka Bank Egypt B.S.C. (C)

Website

https://albaraka.com.eg

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Al Baraka Bank Egypt is a Cairo-based, EGX-listed Islamic bank and subsidiary of Al Baraka Banking Group, providing Sharia-compliant retail, corporate, and SME banking across 44 branches and digital channels in Egypt.

Ownership category

akta.pro rank

Product category

Islamic Retail & Corporate Banking

NAICS

Commercial Banking (522110), Offices of Bank Holding Companies (551111)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Islamic Corporate Banking (FSABAGAC), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF)

Keywords

• Islamic banking services
• Sharia-compliant financing
• Retail banking products
• Corporate banking solutions
• Digital banking platforms

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Conventional Banking Revenue: Al Baraka Bank Egypt operates as an Islamic bank providing Sharia-compliant financial products and services including personal finance, auto finance, education finance, credit cards, and corporate financing. Revenue generated through financing activities, investment returns, and fee-based services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Al Baraka Bank Egypt is a Sharia-compliant (Islamic) banking institution offering retail and corporate banking products and services. Its product range includes personal finance, auto finance, credit and debit cards, savings and investment accounts, certificates of deposit, structured corporate financing, syndicated lending, global transactional banking, SME financing programs, and bancassurance products, delivered through a 44-branch Egyptian network plus digital banking channels.

Product overview

Al Baraka Bank Egypt operates as an Islamic banking institution offering a comprehensive portfolio of Sharia-compliant financial products and services. The bank's architecture comprises personal banking services (accounts, cards, and financing), digital banking platforms (mobile app, internet banking, I-Save), corporate banking (structured finance, syndicated financing, global transactional banking), and SME financing programs. The bank also provides Bancassurance products and credit/debit cards under its card portfolio including Classic, World Credit, and World Debit variants. Key digital offerings include INSTAPAY integration and the Tharaa premium banking program. The product range is unified under Islamic banking principles with offerings spanning deposits, financing, cards, insurance, and digital services.

Differentiator

Problem solved

Functional benefit

Brands

• Tharaa: Premium banking program offering exclusive privileges and offers for distinguished customers, with the Al Baraka World Debit Card equipped with latest payment technologies.
• World Credit Card
• I-Save

Products and services

• Tharaa Premium Banking Program
• Monthly Saving Account
• I-Save Account
• Al Baraka Diamond USD Certificates
• Time Deposits
• World Credit Card
• Classic Credit Card
• Personal Finance
• Auto Finance
• Education Finance
• Home Furnishings Financing
• House Finishings Financing
• Touristic Trips Financing
• Clubs Memberships Financing
• Bancassurance Products (I-Relax, I-Guard)
• Mobile Banking App
• Internet Banking Platform
• INSTAPAY Instant Payment Service
• Corporate Financing Channels
• Structured Finance and Syndication
• Global Transactional Banking
• SME Financing Programs (Izdhar)

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core.

• A.T. Lease (Al Tawfeek Leasing Company)coreStrategic or Co-development Partner · 26 March 2026Financial Regulatory Authority (FRA) reviewing Al Baraka Bank Egypt's mandatory tender offer (MTO) to acquire a majority stake (51-90%) in Al Tawfeek Leasing Company (A.T. LEASE).
• Al Ahly Pharos Investment BankingcoreImplementation/ SI/ Consulting Partner · 26 October 2025Served as exclusive sell-side advisor to Amlak Finance PJSC during the sale process of Amlak Finance Egypt to Al Baraka Bank Egypt.
• Capital Markets AdvisorscoreImplementation/ SI/ Consulting Partner · 25 October 2025Acted as exclusive buy-side advisor to Al Baraka Bank Egypt in its acquisition of Amlak Finance Egypt, marking a strategic milestone for the bank's expansion in the Egyptian financial sector.
• Amlak Finance EgyptcoreStrategic or Co-development PartnerAl Baraka Bank Egypt acquired 100% of Amlak Finance Egypt from its UAE-based parent Amlak Finance PJSC. The acquisition aims to expand Al Baraka's presence in the Egyptian mortgage financing market and add to its portfolio of Sharia-compliant financial products.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Faisal Islamic Bank of Egypt: Faisal Islamic Bank of Egypt is another major Egyptian Sharia-compliant bank offering retail, corporate, and investment banking services directly comparable to Al Baraka's Islamic banking portfolio. Both banks compete head-to-head for the same Egyptian Islamic banking customer base.
• Abu Dhabi Islamic Bank (ADIB) Egypt: ADIB Egypt is a foreign-owned Islamic bank operating a similar Sharia-compliant retail and corporate banking franchise in Egypt. It is a direct competitor on product set, distribution model, and target customer segments.
• Al Rajhi Banking and Investment Corporation: Al Rajhi is the largest Islamic bank globally and a fellow Al Baraka Group peer in the multinational Islamic banking space. Its product mix across retail financing, corporate banking, and treasury directly parallels Al Baraka Egypt's Islamic offerings.
• Kuwait Finance House: Kuwait Finance House is a leading global Islamic bank offering a comparable suite of Sharia-compliant retail, corporate, and investment banking services. Its cross-border presence and Islamic finance expertise make it a direct strategic peer.
• Dubai Islamic Bank: Dubai Islamic Bank is a UAE-headquartered Islamic bank with comparable retail, corporate, treasury, and Sharia-compliant financing products. It is a key direct peer within the MENA Islamic banking competitive set.
• Jordan Islamic Bank: Jordan Islamic Bank is a sister entity within the Al Baraka Banking Group network, operating as a Sharia-compliant bank in Jordan with comparable retail and corporate Islamic banking products. It is a direct intra-group peer for benchmarking cross-border Islamic banking execution.

Broad incumbents

• Commercial International Bank (CIB) Egypt: CIB is the largest private-sector bank in Egypt and a major counterparty in syndicated deals where Al Baraka participates. It is a broad incumbent competitor for corporate banking, transactional banking, and treasury services across Egypt.
• National Bank of Egypt (NBE): NBE is Egypt's largest state-owned bank and dominates corporate, retail, and syndicated lending. It co-leads and arranges the same syndicated facilities in which Al Baraka participates, making it a broad incumbent competitor.

Regional players

• Qatar National Bank (QNB) Egypt: QNB Egypt is the Egyptian subsidiary of Qatar National Bank, offering retail and corporate banking services primarily in Egypt. It is a regional peer with similar foreign-bank-owned positioning and comparable corporate-banking footprint in Egypt.
• Bank of Khartoum: Bank of Khartoum is a Sudan-based Islamic bank within the Al Baraka Group network. It is a regional peer that illustrates the same Islamic banking playbook applied in a different African geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks1 record

Key highlights1 record

Customer concentration

• Xx.com/albarakabankeg
• LinkedInlinkedin.com/company/about

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Al Baraka Bank Egypt