Albaraka

Introduction to Albaraka

Albaraka is a financial services company located in Birmingham, England. The company was founded with the purpose of providing ethical banking services to the community. Albaraka is unique because it operates according to the principles of Islamic finance, which prohibits charging or paying interest (riba). Instead, the company operates on a profit-sharing basis, which benefits both the company and its customers.

Services & products

Albaraka offers a range of financial services, including savings accounts, current accounts, and mortgages. The company also provides business banking services, such as trade finance and working capital financing. In addition, Albaraka operates a network of ATMs throughout the UK, making it easy for customers to access their funds.

Location

Albaraka is located on Coventry Road in Birmingham, which is a bustling commercial area with a diverse range of businesses. Customers can expect to find a variety of shops, restaurants, and other services in the area. The closest public transportation options are the Small Heath, Adderley Park, and Bordesley train stations, which are all within 1 mile of the company's location.

Benefits

Customers who choose Albaraka can benefit from the company's ethical approach to banking, as well as its competitive rates and fees. In addition, Albaraka's network of ATMs makes it easy for customers to access their funds at any time.

Good to know

Customers should be aware that Albaraka operates according to the principles of Islamic finance, which may be different from traditional banking practices. However, the company's commitment to ethical banking makes it an attractive option for those looking for an alternative.

Reviews

Customers have praised Albaraka for its friendly and helpful staff, as well as its competitive rates and fees. Many customers appreciate the company's commitment to ethical banking practices and its focus on community involvement. Overall, Albaraka has received positive reviews from its customers.