Al Baraka Bank | 2 Kingsmead Blvrd Kingsmead Office Park Stalwart Simelane St, Durban, Durban, 4001, KwaZulu-Natal

The South African subsidiarys Al Baraka Banking Group linkage provides it with the springboard for significant growth potential and assists in the positioning of Al Baraka Bank at the leading edge of Islamic banking in this country. Al Baraka Bank operates in an important and rapidly growing niche market. Since inception, the bank has shown impressive growth and the continued increasing demand for Al Baraka products and services is considered as being a direct consequence of its Shariah compliance. In this regard, the bank enjoys the support of regular internal Shariah audits, whilst its Shariah Department works closely with an Independent Shariah Supervisory Board to ensure compliance with Islamic economic principles. Al Barakas growth and development is attributed to its niche markets faith and confidence in the banks ability to implement and further develop a viable alternative to interest-based banking in South Africa. The banks track record to date is indicative of a growing acceptance and confiden