Dallah al Baraka Group Company Description

Dallah al Baraka Group has built its own kingdom within the Kingdom of Saudi Arabia. The holding company, owned by billionaire Sheikh Saleh Abdullah Kamel and his family, is organized in three sectors:

• Business: agriculture, communication, education, airport services, and food services industries
• Finance: Pioneer in Islamic Banking
• Media. Arab Radio & Television and Arab Digital Distribution. Its broadcast programs include the US NBA finals, Printing, publishing, Advertising

The Rest @ Hoovers

al Baraka businesses and NGOS

Zawya Keeps a company profile on al Baraka, the Development Family of Businesses and non Profits. This group has been identified in repeated suits and endigthments as supporters of terrorist activities. In some cases the organizational assets were frozen After THe attacsk on the world trade center and September 11, 2001.

you would expect, Saleh Abdullah Kamel the Chairman of this group, to be in prison or i n disgrace among Muslims everywhere.

The answer is the opposite. He is renowned in the Muslim world. His name is synonymous with the creation of a world wide islamic finance system that oiperates in veritually every country of the world. He is associated with

• Sharia Compliant Sukuk or Bonds
• A new World Wide Centralized Zakat (religious alms due upon money earned by money sitting ina an account) Collection and review Center in Malasia
• He is the Father and director of a hughe family of non-profit organizations which continue to radicalize Islamic youth in Africa.

As you can see byt he profile that follows, al Baraka is primarily an investment and financial services company on the surface

-Shimron

Ownership Type Private
Company Type Partnership

Financial Services Investment Companies - Islamic

Principal Activities

Commercial and investment banking; insurance and leasing according to Islamic Sharia principles.

Date of Establishment
1982

Key Officers
Saleh Abdullah Kamel Chairman

Hassan Salem Al Ammari Chief Executive Officer

More Officers

Contact Details
Address:P.O. Box 6854Jeddah 21452
Country:Saudi Arabia
Tel:+966 2-669-4100
Fax:+966 2-669-4264

Latest Headline
'Terrorist financing': New targets, new tactics - Gulf States Newsletter
More News

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Major Shareholders

Saleh Abdullah Kamel
Private
Saudi Arabia
100.00%

Organization Structure and Related Entities
Parent Company/Organization

Dallah Albaraka Group assets were frozen in 2002

Saudi Arabia
100.00%
Subsidiaries/Associates/Affiliates

• al Baraka Bancorp
• Dallah Al Baraka UK
• Arabian Steel Pipes Manufacturing Company
  Jordan
  41.00%
• Jordan International Trading Centre
  Jordan
  20.05%
• Al Baraka Bank Bangladesh
  Bangladesh
• Al Shamal Islamic Bank
  Sudan
• Al Tawfeek Company for Investment Funds
  Saudi Arabia
• Al Tawfeek Investment Bank
  Pakistan
• Arab Albanian Bank
  Albania
• Arab Leasing and International Finance Company [ALIF]
  Saudi Arabia
• Banque Al Wava Mauritanienne Islamique
  Mauritania
• Dallah Al Baraka (Malaysia) Holding Sdn Bhd
  Malaysia
• El Gharb Islamic Bank
  Sudan
• Faisal Islamic Bank of Sudan
  Sudan
• Islamic Bank Bangladesh
  Bangladesh
• Islamic Bank of Yemen for Finance and Investment
  Yemen
• Islamic Insurance and Reinsurance Company [IIRCO]
  Bahrain
• Lariba Bank Kazakh
  Kazakhstan
• Sudanese Islamic Bank
  Sudan
• Tadamon Islamic Bank of Sudan
  Sudan

Investments

• Universal Chemical Industries
  Jordan
  14.30%
• Amlak International for Real Estate Development and Finance Company
  Saudi Arabia
  10.00%
• NIMA Development and Investment Bank
  Sudan
  10.00%
• National Cable and Wire Manufacturing
  Jordan
  7.56%