Albaraka Bank

Albaraka Bank is South Africa's only fully-fledged Islamic bank, operating as a commercial banking institution that provides Shariah-compliant financial services. The bank is a subsidiary of the Bahrain-based Al Baraka Banking Group, one of the world's largest Islamic financial institutions with over US$25 billion in assets and approximately 600 branches across 15 countries.

With a national business footprint that includes retail branches, corporate banking offices, and regional offices, Albaraka Bank serves South Africa's estimated 1.5 to 2 million Muslim population, as well as individuals and businesses seeking ethical, interest-free banking alternatives. As of 2017, the bank managed approximately R5.6 billion in total assets and R4.8 billion in customer deposits.