Banque Al Baraka D’ Algerie was incorporated in May 1991 as an Islamic Bank and operates under a commercial banking licence issued by the Bank of Algeria. The main activities of the bank are retail and commercial banking. The Bank operates 11 branches.

Banque Albaraka D’Algerie is the only commercial bank in Algeria operating according to the principles of the Shari’a. The bank’s growth since its inception in 1991 has traced that of the Algerian economy itself over that time.

The bank’s success is a result of its focus on a variety of growth sectors, participating for example in the financing of the mobile telephone, construction, food, transportation and the oil downstream industries.

Mr. Mohammed Seddik Hafid
Managing Director & General Manager
Banque Al Baraka D’Algerie
32, rue des Freres Djillali
Birkhadem, Algiers, Algeria
Tel: +21321 916 450-5
Fax: +21321 916 457 / 8
Website: www.albaraka-bank.com