About Al Baraka Banking Group
Al Baraka Banking Group is a company based in Manama (Bahrain) founded in 1984.. Al Baraka Banking Group operates in a competitive market with competitors including Al Salam Bank, Ithmaar Bank, Khaleeji, Bank Alkhair and BOK International, among others.
- Headquarter Manama, Bahrain
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$29.94 M (USD), Debt – Conventional
Jan 16, 2018
- Investors
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Employee Count
Employee Count
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Funding Insights of Al Baraka Banking Group
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $29.9M
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First Round
First Round
(16 Jan 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2018 | Amount | Debt – Conventional - Al Baraka Banking Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Al Baraka Banking Group
Al Baraka Banking Group has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include EBRD. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Corporate advisory services are provided across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Al Baraka Banking Group
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Al Baraka Banking Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Al Baraka Banking Group Comparisons
Competitors of Al Baraka Banking Group
Al Baraka Banking Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Al Salam Bank, Ithmaar Bank, Khaleeji, Bank Alkhair and BOK International, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Bahrain.
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Operates as an Islamic retail bank offering Sharia-compliant financial services to customers.
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Functions as an Islamic bank offering specialized financial services.
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Islamic banking services are offered in Bahrain.
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Functions as an Islamic bank offering Sharia-compliant financial services to customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Al Baraka Banking Group
Frequently Asked Questions about Al Baraka Banking Group
When was Al Baraka Banking Group founded?
Al Baraka Banking Group was founded in 1984 and raised its 1st funding round 34 years after it was founded.
Where is Al Baraka Banking Group located?
Al Baraka Banking Group is headquartered in Manama, Bahrain.
Who is the current CEO of Al Baraka Banking Group?
Houssem Ben Haj Amor is the current CEO of Al Baraka Banking Group.
What does Al Baraka Banking Group do?
Provider of Sharia-compliant financial services and Islamic banking solutions. It offers a range of financial products and services adhering to Islamic principles. The company also conducts research and issues fatwas (religious opinions) related to Islamic finance. A key component is the Nadwa, an annual symposium bringing together scholars and experts to discuss contemporary banking transactions and provide guidance for the Islamic banking sector. This work contributes to the development of Islamic economic theory and the creation of new Sharia-compliant financial instruments.
Who are the top competitors of Al Baraka Banking Group?
Al Baraka Banking Group's top competitors include Al Salam Bank, Bank Alkhair and Ithmaar Bank.
Who are Al Baraka Banking Group's investors?
Al Baraka Banking Group has 1 investor. Key investors include EBRD.