Al Baraka Bank Sudan was established on 26/02/1984 and was officially inaugurated on 14/03/1984. The Head office is located at AlBaraka Tower Qasr Avenue, Khartoum-Sudan. The Bank is registered in the Sudanese General Registrar of Companies under the No. sh/2732 and licensed by the Central Bank of Sudan to exercise banking and investment business according to the provisions of Islamic Shari'a.
The bank’s authorized capital is USD 200 million (USD Two Hundred Million) with USD 42.6 million (USD Forty-Two million six hundred thousand) issued and fully paid. Al Baraka Banking Group contributes 86.17% to the capital while other Sudanese shareholders contribute 13.83%.
Al Baraka Bank Sudan is a unit affiliated to AlBaraka Banking Group (ABG), a Bahraini Joint Stock Company listed on Bahrain and Dubai stock exchanges, which Includes several recognized leading international Islamic banks with Standard and Poor's long and short term credit ratings of BBB- and A-3 respectively. ABG provides Shari'a compliant banking and investment services in addition to treasury services to individuals and companies. The authorized capital of ABG is USD 1.5 billion with a total shareholders' equity amounting to about USD 1.9 billion.
The Group enjoys a wide geographical presence represented in its subsidiary banking Units in 15 countries providing services through more than 400 branches. The ABG banking Units include; Albaraka Islamic Bank – Jordan, Albaraka Islamic Bank - Bahrain, Albaraka Pakistan - Pakistan, Banque Albaraka D’Algerie - Algeria, Albaraka Bank Sudan - Sudan, Albaraka Bank Limited - South Africa, Albaraka Bank Lebanon - Lebanon, Albaraka Bank Tunisia - Tunisia, Albaraka Bank Egypt - Egypt, Albaraka Turk Participation Bank - Turkey, Albaraka Bank Syria, Libya (under formation), Iraq, Kingdom of Saudia Arabia and a Representative office in Indonesia.
Since its inception, Al Baraka Bank Sudan occupied a leading position in the field of improving Islamic financial and banking services in Sudan, by constantly enhancing the service standards, beside being the pioneer in the area of electronic banking services and business re-engineering. Al Baraka Bank Sudan is the first bank to introduce electronic signatures, magnetic Cheques, connected its branches together by a network. Moreover, Al Baraka Bank Sudan was the and the first bank to introduce the Universal Teller concept in Sudan to establish a centralized operation processing Dept as a result of a complete business reengineering. The bank spreads geographically all over Sudan to cover many cities through 26 branches, with its three specialized branches designed to meet the needs of specific segments of society, such as Hirafeen (craftsmen) Branch; to meet craftsmen needs in Sudan, Mughtarbeen (Expatriates) Branch; to meet Sudanese expatriates, Zahraa (Ladies) Branch; is the first branch specially dedicated for ladies in Sudan. Al Baraka Branches network in Sudan is well distributed in the country.