AlBaraka Islamic Bank is a leading Islamic Bank operating in Bahrain, covering Saudi Arabia, UAE, other GCC countries and Pakistan. The bank has a large base of customers who aspire to conduct their investments and financial transactions on the lines of Islamic Sharia.AlBaraka is a joint stock company registered in Bahrain as an exempt company. The Bank was incorporated and licensed to operate from Bahrain as an offshore bank on the 16th Ramadan 1404H; corresponding to 21st February 1984.The Bank operations are conducted under the vigilance of the Bahrain Monetary Agency. The paid up capital of the bank is US dollars 50 million, divided into 0.5 million shares of US dollars each. Around the world, there are 23 banks and financial institutions working under the name of AlBaraka.Currently operating with 29 branches in 17 major cities of the country, AIB offers a wide array of Islamic financing products such as Murabaha, Ijara, Musharaka and Islamic Export Refinance, etc., catering to a diverse cross-section of the economy, including the Corporate, SME and Consumer sectors.