Al Baraka

Al Baraka is a financial institution, often a bank, that operates in accordance with Islamic principles. Unlike conventional banks, it doesn’t charge interest (called riba) and avoids investments in businesses that conflict with Islamic ethics, such as alcohol or gambling. Instead, it offers services like profit-sharing accounts and asset-backed financing, promoting fairness and social responsibility. Al Baraka's goal is to provide financial solutions that align with Islamic values, emphasizing ethical conduct, community support, and risk-sharing. It aims to meet customers' banking needs while adhering to religious guidelines, fostering trust and integrity within its operations.