Al Baraka Bank Tunisia was incorporated in Tunisia as a joint stock company in 1983 with an offshore bank licence. In 1985, pursuant to an amendment to the relevant legislation, the bank was permitted to conduct onshore banking business in local currency with Tunisian residents up to a ceiling of 1% of the total deposits of all the commercial banks. Within Tunisia, Al Baraka Bank Tunisia provides finance in respect of agricultural, industrial, tourism, and export industries. The bank currently has 4 branches serviced by 119 employees. In terms of relative size, it holds about 13% of the Tunisian Offshore Banks Sector's total assets and about 27% of its total deposits.
