Al Baraka Bank Egypt

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Overview

Al Baraka Bank Egypt is Egyptian Islamic commercial bank + CASE: SAUD + Al Baraka Banking Group ABG BHB: BARKA Bahraini parent ~73%+ controlling + Egyptian retail + institutional + foreign investors free float + one of Egypt's largest Islamic commercial banks by assets + founded Mar 21 1980 in Cairo Egypt as Egyptian Saudi Finance Bank ^{1, Egypt report}.

History

Mar 21 1980 — Egyptian Saudi Finance Bank founded in Cairo Egypt as Egyptian-Saudi Islamic commercial bank.

2009 — Al Baraka Bank Egypt rebrand consolidating Egyptian Saudi Finance Bank into Al Baraka Banking Group ABG Bahraini parent Egyptian subsidiary.

2014 — Al Baraka Egypt Mobile banking app launch.

Ownership & operator

Operating entity: Al Baraka Bank Egypt SAE (Egyptian Islamic commercial bank; CASE: SAUD).

Major shareholders: Al Baraka Banking Group ABG (BHB: BARKA; Bahraini Islamic commercial banking holding) ~73%+ controlling + Egyptian retail + institutional + foreign investors free float.

Regulators: Central Bank of Egypt CBE + Central Bank of Bahrain CBB via Al Baraka Banking Group parent.

Technical integration

Al Baraka Egypt Mobile app (iOS + Android) + albaraka-bank.com.eg online + Al Baraka Bank Egypt branch network across Egypt + Al Baraka Visa + Mastercard + Meeza Egyptian national card scheme (Islamic-compliant); Meeza national card scheme + Meeza QR (Egyptian national QR payment scheme) + Egyptian Pound EGP domestic transfers.

Implementations & partners

Parent group: Al Baraka Banking Group (Al Baraka Banking Group ABG; BHB: BARKA; one of Middle East's largest Islamic commercial banking groups by assets).

Major Egyptian banking + payments competitors: National Bank of Egypt (NBE) (National Bank of Egypt NBE; Egypt's largest commercial bank by assets) + CIB (Commercial International Bank Egypt) (Commercial International Bank CIB; CASE: COMI) + Banque Misr (BM Online + onebank) (Banque Misr) + QNB AlAhli (QNB Al Ahli Bank Egypt; QNB Qatari parent ~95%+ controlling) + Arab African International Bank (AAIB) (Arab African International Bank AAIB) + Faisal Islamic Bank of Egypt (Faisal Islamic Bank of Egypt; Egypt's first Islamic commercial bank) + ADIB Egypt (ADIB Egypt; Abu Dhabi Islamic Bank Egyptian subsidiary).

Regulators: Central Bank of Egypt CBE + Central Bank of Bahrain CBB via Al Baraka Banking Group parent.

Status

Active, Egyptian Islamic commercial bank + CASE:SAUD + Al Baraka Banking Group ABG BHB:BARKA Bahraini parent ~73%+ controlling + Egyptian retail + institutional + foreign investors free float + one of Egypt's largest Islamic commercial banks by assets + founded Mar 21 1980 in Cairo Egypt as Egyptian Saudi Finance Bank ^{1, 2}.

Sources

1 Al Baraka EG — official
2 Al Baraka EG — via ABG — Wikipedia
^{Egypt report} In-corpus: reports/countries/EG-egypt.md

Source

Biography extracted from al-baraka-egypt.md. See matrix.md for standards-support matrix if present.