Al Baraka Bank Wins Best Islamic Bank South Africa at IFN Awards

05 May 2024

Al Baraka Bank is proud to announce that it has been awarded the prestigious title of Best Islamic Bank South Africa for the year 2023 at the Islamic Finance News (IFN) Awards held at The Address Sky View Dubai on April 25th. This marks the 6th time Al Baraka Bank has received this esteemed recognition. 

The IFN Awards, organized by Islamic Finance News, are renowned for celebrating excellence and innovation in the Islamic finance industry worldwide. These awards hold significant prestige within the industry, recognizing institutions that demonstrate outstanding performance and contributions. The winners are determined through a voting system, emphasizing the acknowledgment and validation of industry peers and stakeholders. 

"We are honoured to once again be recognised as the Best Islamic Bank in South Africa," said Nasir Seedat, GM of Retail, Wealth, and Marketing at Al Baraka Bank. "This award is a testament to the dedication and hard work of our team, as well as the trust and support of our valued customers." 

Winning the Best Islamic Bank South Africa category reaffirms Al Baraka Bank's commitment to providing innovative Islamic banking solutions and superior customer service. Al Baraka Bank remains committed to delivering Sharia-compliant financial products and services that meet the diverse needs of our customers and contribute to the growth and development of the Islamic finance industry in South Africa. 

About Al Baraka Bank:
Al Baraka Bank is a leading Islamic financial institution dedicated to providing ethical banking solutions in South Africa. Committed to the principles of Islamic finance, Al Baraka Bank offers a range of Shariah-compliant products and services tailored to meet the diverse needs of its customers. With a focus on transparency, integrity, and community development, Al Baraka Bank strives to be a trusted partner in the financial well-being of its clients and the broader society.