Al Baraka Islamic Bank was granted a licence by the Bahrain Monetary Agency to operate as an offshore investment bank in 1984, originally under the name of Al Baraka Islamic Investment Bank B.S.C. (E.C.). In December 1998 the bank’s name was officially changed to its present form. It was also granted a commercial banking licence and operates two branches in Bahrain (two more branches are due to open soon). It was granted a licence to operate in Pakistan by the State Bank of Pakistan in 1991 and currently has 9 branches there, located in the major centres of Lahore (3), Karachi (3), Islamabad, Faisalabad and Rawalpindi, in addition to the Bahrain commercial unit mentioned above. Most of its 293 employees are located in Pakistan.
Mr. Mohammed Al Mutaweh Chief executive Officer & Board Member Al Baraka Tower, P.O. Box 1882 Manama, Kingdom of Bahrain Tel: +97317 535 300 Fax: +97317 533 993 www.barakaonline.com
