Page 30 - KZN Top Business Portfolio 2024/5 - ebook

ALBARAKA BANK LIMITED

mutual rewards with our partners in business success:
our customers, our employees, our shareholders, and
our communities at large.
KEY PERSONNEL
CEO: Shabir Chohan
Financial Director: Abdullah Ameed
Regulatory Executive: Ebrahim Hassan
GM - SME & Corporate: Ismail Yuseph
GM - Retail, Wealth & Marketing: Nasir Seedat
CEO: GM: Credit: Saajid Arbee
Shabir Chohan GM - Finance: Rishaad Bismilla
GM - Operations Sumeshion: Chetty
Full Name of Company: Albaraka Bank Limited GM: Digitalization: Hamzah Asmall
Nature of Business: e Shariah Compliant Banking Products CONTACT DETAILS
and Services HEAD OFFICE
Services / Products: Investments / Finance /Transactional Physical Address: Kingsmead Boulevard, Kingsmead
Banking / Forex / Wealth Office Park, Stalwart Simelane Street, Durban 4000
Date Established 09 June 1989 Postal Address: P.O. Box 4395, Durban, 4001
B-BBEE Status: Level 7 Tel: 0860 225 786 / +27 (0)31 364 9000
E-mail: info@albaraka.co.za
VISION Website: www.albaraka.co.za
To be a global leader in innovative participation finance,
offering an agile ethical financial system built for the BRANCHES
digital age. 5 Branches – Durban / Lenasia / Laudium / Fordsburg /
Athlone
MISSION 2 Concierge Offices - Overport-Durban / Raslouw -
To fulfill the financial needs of communities across Centurion
the globe by conducting business through an ethical 2 Regional Offices – Gauteng / Western Cape
customer-centric approach tailored for the digital age, 3 Corporate Division – KZN / Gauteng / Western Cape
based on our core beliefs and aimed at sharing the 3 SME – KZN / Gauteng / Cape

DRIVING SUSTAINABLE GROWTH AND ETHICAL Today, it is a leading provider of Shari’ah-compliant and
ethical financial products, offering banking solutions
BANKING SOLUTIONS designed for both personal and business needs while
adhering to Islamic ethical guidelines.
Founded on the principles of integrity, transparency,
and community impact, Al Baraka Bank South Africa Key Leadership and Expertise
has positioned itself as a pioneer in the Islamic At the helm of Al Baraka Bank South Africa is a
banking sector, serving clients across South Africa leadership team deeply dedicated to advancing
with an alternative, Shari’ah-compliant approach ethical banking and fostering a socially responsible
to banking and finance. Al Baraka’s commitment to approach to finance. Led by CEO Shabir Chohan,
ethical practices and sustainable growth has earned the team includes seasoned executives and Shariah
it a reputable standing as a financial institution that scholars who bring expertise in finance, compliance,
prioritises the values of its clients, community, and the and community engagement. The bank’s board
broader economy. also features influential figures within the South
African and international banking community,
Al Baraka Bank South Africa began its journey in 1989, reinforcing its commitment to transparency and
as part of the Al Baraka Group, which is headquartered ethical governance.
in Bahrain. As one of the earliest entrants into the South
African banking landscape to offer Islamic financial Products and Services
solutions, the bank has grown steadily over the decades. Al Baraka Bank South Africa offers a comprehensive

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