AlbarakaTech Global Competitors

We’re proud to be pioneers in our sector. Founded in 1977 in the State of Kuwait, we were the country’s first Islamic bank, and today we continue to lead the way in Islamic finance. Islamic banking is compliant with Shari’a religious law and guided by the Islamic principles of an integral and just society. Transparency and honesty sit at the heart of this approach, which aims to benefit both the bank and its customers. Committed to evolving to meet the changing needs of our global customers, we offer a broad range of Islamic financial services and products, including real estate, trade finance, investment portfolios, and commercial, retail, and corporate banking. Our growing network spans seven regions with 640 branches, around 800 ATMs, and 8,600 team members worldwide. Our ambitions have always extended beyond our home country. Over the past nearly 50 years, we have grown steadily, becoming one of the biggest lenders in local and regional markets and a major player within the wider banking industry. KFH (KSE: KFIN) is a publicly listed company on the Kuwait Stock Exchange (KSE). As of 31 December 2013, our largest shareholders included the Kuwait Investment Authority (Direct), Kuwait Awqaf Public Foundation (Direct), Public Authority for Minors’ Affairs (Direct), and The Public Institution for Social Security (Indirect).

Sharjah Islamic Bank, formerly known as the National Bank of Sharjah, is a publicly listed Islamic bank headquartered in the emirate of Sharjah in the United Arab Emirates. The bank was established in 1975 and in 2004 converted into a fully Shariah compliant bank. Sharjah Islamic Bank’s reputation and continued success has been built by providing customers with unparalleled levels of service and satisfaction. Through adopting a visionary strategy and upholding clear policies of risk management and cost control throughout all areas of operations, we have successfully diversified to offer customers a broad range of Sharia’a compliant retail, commercial, corporate, investment and international banking services through its extensive UAE network. Since its inception in 1975, Sharjah Islamic Bank has gone from strength to strength. Today, the bank has a rapidly expanding network of 35 branches throughout the UAE supported by a growing number of ATM’s and EDM’s located in convenient and popular business, shopping and leisure destinations. Sharjah Islamic Bank takes a proactive and responsible approach to its economic and social role in developing society. The bank ensures that banking systems and services offered adhere to economic and financial development and are shaped by moral, social and religious beliefs to meet the needs and requirements of a wide and diversified customer base. Our Mission has multiple dimensions aimed at communicating with all of our different audiences. Customers To add value by managing and enhancing individual customer experiences and providing creatively inspired solutions. Society To promote the development of our community by fostering the principles of social responsibility enshrined in our vision statement. Staff To be the employer of first choice in the UAE by providing a culture of knowledge sharing, teamwork, respect, leadership and initiative. Shareholders To create sustainable growth for our stakeholders.

Albaraka Türk completed its establishment in 1984. 1985 is the year when Albaraka Türk commenced operations, introducing a fresh breath to the financial sector of Turkey. Albaraka Türk has been the symbol of reliance and respect, as well as knowledge and experience since its incorporation. Moreover, it has been the pioneer and leader of an alternative financial system in Turkey since its inception. The new system of interest-free financial services which was developed by Albaraka's vanguardiance has indeed provided an alternative facility to savers who never deposited with conventional banks dealing with “interest”. Under this new system, the savings of depositors are treated as their investments based on “profit and loss sharing” philosophy. Among the major shareholders of Albaraka Türk we are proud to present the following groups: An industrialist family of a prominent textile group in Turkey. Dallah Albaraka Group of Saudi Arabia which is globaly well-known in commerce, construction, transportation, media, services and finance. Islamic Development Bank (headquartered in Jeddah, Saudi Arabia) which was founded by 52 states of the world. Albaraka Türk has so far contributed a lot in deepening the roots of this new system by means of the strong and contemporary technical infrastructure which was set up in 1985, the regular training and education programmes practised in-house, the organic organisation which is functioning effectively in its branches and Head Office, as well as enriching the available human resources for this system. Albaraka Türk is able to serve its clients globaly by the help of a wide network of correspondent banks, comprising of over 207 banks operating in about 60 countries around the world, say, from Singapor to U.K., from South Africa to China, from Australia to Kazakhstan. This network increases the speed, quality and security of foreign-trade business of Albaraka Turkish and its clients.