Al Baraka Banking Group BSc - Company Profile

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Al Baraka Banking Group BSc: Segment Analysis

Business Description

Al Baraka Banking Group BSc (ABG) is an international provider of Islamic wholesale banking and other related financial solutions. It offers retail, corporate and investment banking, and treasury services in various countries across the Middle East and Africa, Asia, and Europe. It provides these products and services in compliance with the principles of the Islamic Sharia. As of December 31, 2022, it operated through a network of 650 branches in 17 countries: Jordan, Tunisia, Germany, Sudan, Turkey, Bahrain, Egypt, Algeria, Pakistan, South Africa, Lebanon, Syria, Indonesia, Libya, Iraq, Morocco, and Saudi Arabia. The bank classifies its products and services under four categories: Investment Products, Commercial Banking, Retail, and Treasury Services. Under the Investment Products category, the bank offers a range of stocks, options, derivatives, and other financial instruments. Its Commercial Banking category serves corporate customers by providing a range of services, including corporate accounts, credit cards, term loans, working capital finance, project finance, import and export financing, trade finance services, auto loans, asset-based financing, and investment banking services. The Retail category of the bank offers its products and services to individual customers. Its product portfolio comprises savings accounts, debit cards, credit cards, personal loans, mortgages, and auto loans. Under Treasury Services category, the bank offers foreign exchange and money market services.

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Geographical Segments

Target Markets

Turkey and Germany

Performance

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Target Markets

Jordan, Bahrain, Saudi Arabia, Syria, and Iraq

Performance

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Target Markets

Tunisia, Libya, Algeria, Sudan, Egypt, and Morocco

Performance

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Target Markets

South Africa, Indonesia, Lebanon, and Pakistan

Performance

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