Al Baraka Bank Contributes Towards UN Sustainable Review

Late last year the 193 Member States of the United Nations adopted 17 Sustainable Development Goals in a valiant quest to end poverty, protect the planet and ensure prosperity for all. The organisation is driving business awareness and action as a means of supporting the achievement of its Sustainable Development Goals by 2030.

The United Nations’ Global Compact is built on the premise that companies have an important role to play in improving the world by, firstly, doing business responsibly and, secondly, by pursuing opportunities to provide solutions to the world’s greatest challenges. Al Baraka Banking Group announced that it had recently joined the United Nations global Compact.

Mr Adnan Ahmed Yousif, President and Chief Executive of Bahrain-based Al Baraka Banking Group, who is also Chairman of the South African subsidiary, said he was proud of the group’s deep commitment to social responsibility and sustainability, which was at the core of its business strategy. He added that Islamic finance was well-positioned to achieve the United Nations’ Sustainable Development Goals and that it was, therefore, quite natural for the group to have joined the United Nations’ Global Compact.

Commenting, the Chief Executive of Al Baraka Bank in South Africa, Mr Shabir Chohan, said: “One of the core value we espouse is that of making a social contribution. We have in place a long-standing and strategically-focused Corporate Social Investment (CSI) programme, through which we are able to impact positively on disadvantaged individuals and organisations across South Africa.”

He said that the poverty trap in the country was an inescapable fact, but stressed that many private sector enterprises were assisting in closing the gap between the ‘haves’ and the ‘have-nots’.

“As a significant private sector player in this country, Al Baraka Bank has long accepted the reality of South Africa and delivers an ongoing response designed to channel corporate social investment funds into strategically identified areas of need, inclusive of education, humanitarianism, health, poverty alleviation and security. Pleasingly and as a subsidiary of the Al Baraka Banking Group, our CSI programme is enabling us to contribute locally towards the achievement of three of the United Nations’ 17 Sustainable Development Goals, namely No Poverty, Good Health and Well-Being and Quality Education”.

Most Popular Products

Current Account can be opened in one of the listed currency below with no restriction in the number of withdrawal and deposits.

LEARN MORE Get Contacted

Al Baraka Business Plus Account has evolved with time to offer ease, flexibility and a wide range of unmatched free services. This product is specially tailored to match all the daily needs of business class and individual customers.

LEARN MORE Get Contacted

Al Baraka Shafqaat Account has been introduced as socially responsible banking services for most valued segments of our society in order for them to make their routine transactions with premium customer support along with healthy return on their investment. Al Baraka is the only full-fledged Islamic bank to offer such account services for the target market mentioned herein. This account comes along with a wide range of free services and benefits.


Al Baraka Mahana Barkah Account provides regular stream of halaal monthly income for lower and middle group customers with the same convenience and services of a regular savings account.