Al Baraka Islamic Bank B.S.C.

Al Baraka Islamic Bank B.S.C. provides Islamic banking and financial services. Its Islamic financing products include letters of credit, and credit financing and syndications, as well as investment and structured finance services, such as Islamic debt instruments, financial advisory services, special assignments for the implementation of projects, mergers and acquisitions activities, and private portfolio management services. The company also provides murabaha, a contract of sale in which the price of the goods that includes an agreed profit margin is specified; Istisna, an Islamic form of financing for construction and industrial projects; letters of guarantee; and financing services, such as working capital finance, financing of contracts for contractors, project finance, trade finance, and real estate finance. In addition, it offers TAQSEET finance, e-services, and Islamic export refinance. Al Baraka Islamic Bank B.S.C. was founded in 1984 and is based in Manama, Bahrain. It has operations in Bahrain, Saudi Arabia, the United Arab Emirates, Pakistan, and GCC countries. The company has branches in Muharraq, Riffa, and Isa Town, Bahrain; and Lahore, Pakistan. Al Baraka Islamic Bank B.S.C. operates as a subsidiary of Al Baraka Banking Group B.S.C.