alBaraka
Al Baraka Islamic Bank is a Bahrain-based Sharia-compliant financial institution founded in 1984, serving individual retail and corporate customers in Bahrain through an online banking portal, a QR-authenticated mobile application, and a physical branch and ATM network.
- Company typePrivate
- Founded1984
- HeadquartersManama, Bahrain
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What alBaraka does
Al Baraka Islamic Bank (ABIB) is a Bahrain-based, Sharia-compliant financial institution founded in 1984, headquartered in Manama and operating as a private for-profit entity with 251–500 employees. The bank provides a full suite of Islamic banking products and services — including deposits, financing, and trade finance — to two clearly defined customer segments: individual retail customers (authenticated via Bahraini Civil Personal Record numbers) and corporate customers (authenticated via agent usernames). Its go-to-market is direct-to-consumer, supported by a multi-channel distribution model that combines a web-based online banking portal, a QR-code-authenticated mobile application for returning users, and a physical branch and ATM network searchable via an integrated locator.
The underlying technology stack is a conventional digital banking platform centered on the online portal at albaraka.bh, supplemented by the Al Baraka mobile application. Proprietary or differentiated technical components are limited to ease-of-use implementations such as QR-code mobile login and integrated value-add tools (real-time forex rates, financial calculators, branch locator, and contact services). The bank publicly emphasizes information safety and security aligned with state-of-the-art international standards, but discloses no APIs, SDKs, third-party integrations, AI/ML capabilities, or broader ecosystem partnerships.
The revenue model is transaction-fee-driven Islamic banking — Al Baraka earns from financing spreads, deposit intermediation, and trade finance activity across retail and corporate books. Pricing is not publicly disclosed; specific fees, profit rates, and service charges are communicated upon customer onboarding or via customer service channels. Marketing is digital-first via the corporate website, and the bank does not disclose ownership structure, shareholders, parent entity, or financial performance in the available source material, which limits external triangulation of scale and economics.
alBaraka firmographics
Firmographics- Name
- alBaraka
- Website
- https://albaraka.bh
- Company type
- Private
- Founded year
- 1984
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Al Baraka Islamic Bank is a Bahrain-based Sharia-compliant financial institution founded in 1984, serving individual retail and corporate customers in Bahrain through an online banking portal, a QR-authenticated mobile application, and a physical branch and ATM network.
- Ownership category
- akta.pro rank
alBaraka industry classification
Industry- Product category
- Islamic Retail Banking
- NAICS
- Commercial Banking (52211), Commercial Banking (522110)
- SIC
- State Commercial Banks (6022), National Commercial Banks (6021)
- akta.pro primary industry
- Islamic Retail Banking (FSABAGAA)
- akta.pro secondary industries
- Islamic Corporate Banking (FSABAGAC), Islamic SME & Commercial Banking (FSABAGAB), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)
Keywords
Where alBaraka is headquartered
LocationHeadquarters
- HQ city
- Manama
- HQ country
- Bahrain
- HQ region
- Middle East
Offices1 record
Markets served
alBaraka business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Islamic Banking Services: Al Baraka Islamic Bank (ABIB) operates as a full-service Islamic financial institution providing Sharia-compliant banking products and services including deposits, financing, and trade finance to retail and corporate customers through digital and branch channels.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Individual Banking |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels1 record
alBaraka product offering
Product offeringCore offering
Al Baraka Islamic Bank (ABIB) operates as a full-service Islamic financial institution providing Sharia-compliant banking products and services including deposits, financing, and trade finance to retail and corporate customers. Services are delivered through digital channels (online banking portal and mobile application) as well as a physical branch and ATM network in Bahrain, with separate authentication flows for individuals (CPR-based) and corporate customers (agent username-based).
Product overview
Al Baraka offers a digital banking platform consisting of its Online Banking portal as the core product, which provides account access, foreign exchange (FOREX) services, financial calculators, branch location finder, and contact functionality. The platform also supports mobile access via the Al Baraka mobile app with QR code authentication.
Differentiator
Problem solved
Functional benefit
Products and services
- Al Baraka Online Banking Web-based digital banking platform providing Al Baraka Islamic Bank customers with online access to account management, foreign exchange (FOREX) rate information, financial calculators, a branch/ATM location finder, and contact services. Individual customers authenticate using their CPR (Civil Personal Record) number, while corporate customers authenticate using an agent username.
- Al Baraka Mobile Banking Application Smartphone application providing Al Baraka Islamic Bank customers with on-the-go access to their banking services, supporting QR code-based login for returning users who have previously installed the app on their device.
Companies that use alBaraka
Customer profileSegments2 records
Ideal customer profiles2 records
alBaraka technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
alBaraka partnerships and signals
Strategic signalRecent moves3 records
Expansion highlights2 records
alBaraka competitors and assessment
Company assessmentBroad incumbents
- Al Rajhi Bank: Al Rajhi Bank is the largest Islamic bank globally, headquartered in Saudi Arabia, offering a full suite of Sharia-compliant retail, corporate, and investment banking products. It is a broad incumbent comparable to Al Baraka across the full Islamic banking stack and a benchmark for digital transformation in GCC Islamic banking.
Direct peers
- Kuwait Finance House: Kuwait Finance House is one of the largest Islamic banks globally, offering Sharia-compliant retail, corporate, and investment banking. It is a direct peer to Al Baraka in product scope (deposits, financing, trade finance) and serves a GCC customer base with similar Islamic-banking positioning.
- Dubai Islamic Bank: Dubai Islamic Bank is a flagship UAE Islamic bank providing full-service Sharia-compliant banking to retail, SME, and corporate clients. It directly competes with Al Baraka in Islamic deposits, financing, and digital banking, and is comparable in size and product breadth.
- Abu Dhabi Islamic Bank: Abu Dhabi Islamic Bank is a leading UAE Islamic bank offering retail, corporate, and investment Sharia-compliant products. It is a direct peer to Al Baraka in the GCC Islamic banking space with comparable digital and branch distribution.
- Qatar Islamic Bank: Qatar Islamic Bank is the largest Islamic bank in Qatar, providing full-service Sharia-compliant banking across retail and corporate segments. It is a direct regional peer with a similar product mix and customer base to Al Baraka.
Regional players
- Bank of Bahrain and Kuwait: Bank of Bahrain and Kuwait is a Bahrain-based commercial bank offering conventional retail and corporate banking. It is a same-geography incumbent comparable to Al Baraka in Bahraini market footprint and target customer segments, though it is not Sharia-focused.
- National Bank of Bahrain: National Bank of Bahrain is a leading Bahraini retail and corporate bank operating in the same domestic market as Al Baraka. It is a regional incumbent comparable in geographic footprint, though primarily conventional rather than Islamic.
Peers
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
alBaraka social profiles
Digital presencealBaraka financial estimates
Financial estimateRevenue estimate
Valuation estimate
alBaraka leadership team
Management profileNumber of profiles
Profiles2 records
alBaraka funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
alBaraka M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about alBaraka
What does alBaraka do?
Al Baraka Islamic Bank (ABIB) operates as a full-service Islamic financial institution providing Sharia-compliant banking products and services including deposits, financing, and trade finance to retail and corporate customers. Services are delivered through digital channels (online banking portal and mobile application) as well as a physical branch and ATM network in Bahrain, with separate authentication flows for individuals (CPR-based) and corporate customers (agent username-based).
When was alBaraka founded?
alBaraka was founded in 1984. It employs 251 to 500 people.
Where is alBaraka based?
alBaraka is headquartered in Manama, Bahrain, in the Middle East region.
How does alBaraka make money?
One revenue line is on record: islamic Banking Services.
Who are alBaraka's main competitors?
Al Rajhi Bank is listed as a broad incumbent. Direct peers are Kuwait Finance House, Dubai Islamic Bank, Abu Dhabi Islamic Bank and Qatar Islamic Bank. Regional players are Bank of Bahrain and Kuwait and National Bank of Bahrain. Ithmaar Bank is listed as a peer.
Does alBaraka have an API?
No public API is recorded for alBaraka.
What industry is alBaraka in?
alBaraka's product category is Islamic Retail Banking. Its primary akta.pro industry code is FSABAGAA, Islamic Retail Banking, with a secondary code of FSABAGAC, Islamic Corporate Banking. Its NAICS code is 52211 and its SIC code is 6022.