Albaraka Bank In Durban

Albaraka Bank In Durban

Al Baraka Bank Limited (Head Office) is located at Durban KwaZulu Natal in South Africa. This bank was established in 1989. Al Baraka Bank, registered in South Africa has pioneered Islamic banking in South Africa in response to an identified need for a system of banking which adhered to Islamic economic principles.

The bank, with its Head Office in Durban and a strategically located national branch network, is South Africa¿s only fully-fledged Islamic bank. It is a subsidiary of the international Al Baraka Banking Group B.S.C which has established one of the largest international Islamic banking groups in the world.

The bank¿s track-record to date is indicative of a growing acceptance and confidence in South Africa, creating an ideal platform for Al Baraka Bank to increase its Islamic financial sector.

Al Baraka Bank Limited offers a profit-generating account in which your capital is invested for a fixed period. Investment is placed in a pool together with capital from other investors.

At the end of the investment period, clients share in the profits generated on a pro-rata basis. The bank also effectively provides finance trading, electronic and international banking.

They offer foreign exchange services as well as administration of estates and wills. Al Baraka Bank provides practical financial solutions that suit individual pockets and lifestyles. Al Baraka Bank is open from 08:00 to 16:00 hours on Monday to Sunday and Public Holidays.


Mr. Shabir Chohan
Board Member & CEO

2 Kingsmead Boulevard,
Kingsmead Office Park,
Stalwart Simelane Street,
P.O BOX 4395,
Durban 4000,
South Africa
TEL: +2731 364 9000
FAX: +2731 364 9001