Al Baraka Bank Steps Up Support for Learners in Need with Annual School Shoe Drive
01 April 2025 For many disadvantaged learners in South Africa, a pair of school shoes is not just part of their uniform—it is a necessity that impa...
Press Releases
Al Baraka Bank Welcomes Zahid Fakey as New Chairman
Al Baraka Bank is pleased to announce the appointment of Mr. Zahid Fakey as its new Chairman effective 1 March 2025. With a career spanning over 20...
Al Baraka Bank Wins Three Prestigious Awards at IFN Awards 2024
Al Baraka Bank – Ethical. Trusted. Award-Winning Al Baraka Bank is proud to announce that it has been honoured with three prestigious awards at ...
Al Baraka Bank Invests R35 000 in Extra Matric Tuition, Support, and Stationery at Disadvantaged School
17 FEBRUARY A severely under-resourced high school on KwaZulu-Natal’s lower south coast, serving rural learners striving for a quality education, ...
Unlocking Financial Security: Harnessing Tax-Free Savings Amid Economic Uncertainties
As South Africa navigates ongoing economic challenges, prioritizing financial security is more important than ever. Nasir Seedat, General Manager:...
Al Baraka Bank Celebrated Arbour Week 2024 with Tree Planting and Environmental Education Initiatives
In celebration of Arbour Week, Al Baraka Bank launched an environmental initiative across multiple schools in Durban, Johannesburg, and Cape Town. ...
Al Baraka Bank's Initiatives for Mandela Day 2024
#ItIsInYourHands Durban, 18 July 2024 - Mandela Day, an annual global celebration, honours the life and legacy of Nelson Mandela. On this day, indi...
Al Baraka Bank Successfully Conducts Blanket Drive 2024
20 June 2024 In response to the severe challenges faced by the homeless and other disadvantaged members of society during South Africa’s harsh Wint...
Al Baraka Bank Posts Record Financial Results for 2023 Financial Year, With Net Profit Before Tax Growing By A Massive 121%
10 May 2024 Al Baraka Bank, South Africa’s only fully-fledged, commercial Islamic financial institution, has surged to the delivery of record finan...
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 ...
Al Baraka Bank Hosted Successful Career Day 2024: Empowering Youth for Future Success
06 May 2024 Al Baraka Bank is pleased to announce the successful conclusion of its Career Day 2024, which took place on May 4th in Ixopo. The event...
Al Baraka Bank Launches R40 000 School Shoe Drive, Bringing Dignity To Deserving Learners Across South Africa
01 March 2023 The lack of school shoes negatively impacts the learning process, whilst also compromising the dignity and confidence of disadvantage...
Make Tax-Free Savings Work For You In 2024 Amidst Ongoing Economic Challenges
07 February 2024 As South Africa navigates through ongoing economic challenges, Al Baraka Bank, represented by its General Manager: Retail and Weal...
Al Baraka Bank Amplifies Impact on Al Baraka Day, Focused on No Poverty Goal
11 November 2023 - Al Baraka Bank proudly announces its participation in the second annual charity event, Al Baraka Day, aligning with the global c...
Al Baraka Bank South Africa Celebrates Inter-Franchise Collaboration with Al Baraka Bank Pakistan to Boost Trade Opportunities
19 September 2023 - Al Baraka Bank South Africa is pleased to announce a significant milestone in its journey of fostering global economic cooperat...
Al Baraka Bank SA undertook a national initiative to Feed the Poor and Support Local NGOs this Mandela Day
All over the world, the 18th of July represents a day that commemorates the Father of our Rainbow Nation, Nelson Rolihlahla Mandela. His legacy is ...
Al Baraka Bank’s R100 000 Winter Blanket Drive Assists South Africa’s Most Vulnerable Survive
For the homeless and other disadvantaged members of society, South Africa’s chilling Winter months are especially daunting and difficult to survive...
Al Baraka Bank Invests R35 000 in Extra Matric Tuition,
Al Baraka Bank Invest R35 000 in Extra Matric Tuition, Support and Stationery at Disadvantaged School A massively under‐resourced high school on K...
Leadership Succession for Trusts, Vital for Business Continuity
21 November 2022 The death of a Trustee can have a seriously negative impact on the business continuity of a Trust, unless properly addressed when ...
Labelling South Africa As A Failed State Is An Outdated Argument
05 October 2022 South Africa has been plagued by a barrage of bad news, weakening confidence in the country’s future, but analysts who focus on thi...
Bank Plants 300 Trees To Help With ‘Greening’ Communities During National Arbor Week - Gauteng
09 September 2022 Al Baraka Bank heeded a Government appeal to help with ‘greening’ communities by facilitating the planting of some 300 trees at e...
Bank Plants 300 Trees To Help With ‘Greening’ Communities During National Arbor Week - KZN
09 September 2022 Al Baraka Bank heeded a Government appeal to help with ‘greening’ communities by facilitating the planting of some 300 trees at e...
Bank Plants 300 Trees To Help With ‘Greening’ Communities During National Arbor Week – Cape Town
09 September 2022 Al Baraka Bank heeded a Government appeal to help with ‘greening’ communities by facilitating the planting of some 300 trees at e...
Massive Investment Uptake Results in 24% Over-subscription Of Al Baraka Bank’s Sukuk Issuance
08 September 2022 Al Baraka Bank’s recent issuance of a Sukuk (investment certificates), a Shariah-compliant investment and attractive alternative...
Bank Uses Mandela Day to Garner Support and Care for the Elderly
18 July 2022 All too often South Africa’s elderly and infirm are cast aside, ignored and their roles in our existence forgotten as we go about our ...
Al Baraka Bank Makes Winter A Little More Bearable For The Vulnerable In Informal Settlements - Durban
11 July 2022The onset of Winter heralds a battle of survival for South Africa’s homeless and those low-income families living indoors but suffering...
Don’t Live For Today, Begin Saving For A Sound Financial Future
20 June 2022 Saving money is vital as it provides financial freedom and assists in cases of emergencies, but few South Africans employ a savings c...
Al Baraka Bank’s Supermarket Link Makes Transactions More Convenient For Clients
26 April 2022 With today’s frenetic pace of life, South Africans are increasingly demanding more convenient and safer banking transaction options, ...
An Islamic Will And A Trusted Executor Are Imperatives That Muslims Should Not Ignore
Passing away is an inevitable fact of life, the only uncertainty being when it will actually transpire. This reality is more important now than eve...
Criminals Using Today's Digital Society To Target Victims
12 April 2022 Cyber security risks have increased at a global level, with continued moves to a digital society presenting new methods for criminal...
Vulnerable Learners Receive Brand New School Shoes From Al Baraka Bank
17 March 2022 A bank's humanitarian intervention has instilled in some 450 of South Africa's vulnerable young learners, a renewed sense of confide...
Make Tax-Free Savings Work For You In These Uncertain Times
22 February 2022 With the global COVID-19 pandemic heading into its third year, tightening financial pressures and the need for improved financial ...
Protect Yourself Against Increasing Levels of Cyber Crime, Warns Al Baraka Bank
18 November 2021 Cyber criminals are cashing-in on increased online shopping, banking and payments by consumers, the consequence of the COVID-19 p...
Al Baraka Bank Sponsors Extra Matric Tuition At Severely Disadvantaged School
22 October 2021 Matric learners at a significantly disadvantaged and under-resourced high school in KwaZulu-Natal's rural deep south have benefite...
Al Baraka Bank Conducts Financial Literacy Programme For Learners
20 October 2021 Teaching young South Africans to manage money is an imperative which will prepare them for the increasingly complex real-life econ...
Ensure The Security Of Mobiles To Avoid Cyber Breaches, Warns Al Baraka Bank
23 September 2021 With the rapid advancement of the technological age, people are increasingly reliant on the convenience of their smart phones fo...
Ensure You Have An Islamic Will In These Difficult Times
10 September 2021 South Africa, as with countries across the world, has not been spared the devastation of the COVID-19 pandemic, which has left i...
Al Baraka Bank Promotes The Importance of Saving Amongst The Youth
31 August 2021 In a country with an already poor savings culture, South Africans are battling to maintain financial wellness in the face of the o...
Women's Month Used By Al Baraka Bank To Promote the Greater Management of Money by Women
31 August 2021 Give her a house and she will give you a home, give her groceries and she will prepare you a meal ... give a woman anything and she...
Al Baraka Bank Gives Micro‐enterprise A Business Boost
26 July 2021 Al Baraka Bank has partnered with the national Department of Small Business Development to assist deserving and qualifying emergent e...
Al Baraka Bank Announces POPIA readiness
12 July 2021 With many organisations scrambling to ensure their readiness for the recently introduced Protection of Personal Information Ac...
Al Baraka Bank Helps South Africa's Homeless Ward Off Winter's Chill
08 July 2021 Homelessness is a desperate situation, regardless of the season, but being exposed to the elements as the icy chill of a South Africa...
Al Baraka Bank Makes Cash Deposits Easier For Clients With Chain Store Till Point Facilities
06 July 2021 In the quest to make banking transactions easier and safer for clients, especially given the need to minimise physical interaction ...
Vishing overtakes Phishing Cyber crime
01 July 2021 Members of the public are increasingly falling victim to fraudulent phone calls from scammers, conning unsuspecting individuals into ...
Al Baraka Bank Scoops International Award
17 June 2021 Durban-headquartered Al Baraka Bank has received an international accolade, named as a country winner in Global Finance magazine's 'W...