About Al-Barakah Microfinance Bank
Al-Barakah Microfinance Bank is a Financial Services company based in New York (United States) founded in 2011. It offers microfinance services, savings accounts, loans, and banking for individuals and businesses. It operates on a B2C and B2B model. Al-Barakah Microfinance Bank offers products and services including Savings Accounts, Quick Loan, Fixed Deposit Account, Business Financing, and Smart Kids Account. Its focus areas include Finance, Banking, Savings and Investments and Community Finance. Its competitors include Kiva, Optus Bank and Our Microlending; 2 of its 3 listed competitors have raised funding.
Company details
Al-Barakah Microfinance Bank is a unit microfinance bank that delivers financial solutions to traders, artisans, small-scale industries, and the self-employed. It provides services like savings accounts, loans, fixed deposits, and specialized accounts for children and festivals, supporting daily business needs and wealth creation through ethical banking practices. The bank focuses on economic empowerment and community development with flexible repayments and financing options.
- Headquarters New York, United States
- SectorsFinancial Services
- Website albarakahmfb.com
- Social Facebook Instagram
- Legal Name Al-Barakah Microfinance Bank
Products & Services of Al-Barakah Microfinance Bank
Al-Barakah Microfinance Bank offers a comprehensive portfolio of products and services, including Savings Accounts, Quick Loan, Fixed Deposit Account, Business Financing, and Smart Kids Account.
Accounts for individuals and organizations to save money securely
Loans up to 50% of net monthly salary for personal needs
Fixed-term deposits for earning returns on savings
Financing for cooperatives and asset acquisition
Child trust fund for future education expenses
Competitors of Al-Barakah Microfinance Bank
Al-Barakah Microfinance Bank has 3 listed competitors in our database, 2 of them funded. They include Kiva, Optus Bank and Our Microlending.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kiva.org | 2005 | San Francisco, United States | $9.56M | 125 | Microloans are facilitated globally to entrepreneurs through Kiva. | |
| optus.bank | 1921 | Columbia, United States | $57M | Microfinance banking services are provided to underserved populations. | ||
| ourmicrolending.com | 2007 | Miami, United States | Provides comprehensive micro financial services to individuals. |
Detailed competitors of Al-Barakah Microfinance Bank
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- Full competitor set
- Operating metrics
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Web traffic of Al-Barakah Microfinance Bank
Websites that share an audience with Al-Barakah Microfinance Bank (albarakahmfb.com).
Websites whose visitors overlap most with Al-Barakah Microfinance Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| albaraka.com | 38% | 29.5K | View details |
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Frequently Asked Questions about Al-Barakah Microfinance Bank
Al-Barakah Microfinance Bank was founded in 2011.
Al-Barakah Microfinance Bank is headquartered in New York, United States. It is registered at New York, New York, United States.
Al-Barakah Microfinance Bank is a unit microfinance bank that delivers financial solutions to traders, artisans, small-scale industries, and the self-employed. It provides services like savings accounts, loans, fixed deposits, and specialized accounts for children and festivals, supporting daily business needs and wealth creation through ethical banking practices. The bank focuses on economic empowerment and community development with flexible repayments and financing options.
Al-Barakah Microfinance Bank's top competitors include Kiva, Optus Bank and Our Microlending.
Al-Barakah Microfinance Bank offers Savings Accounts, Quick Loan, Fixed Deposit Account, Business Financing, and Smart Kids Account.
Al-Barakah Microfinance Bank operates through Al-Barakah Microfinance Bank.