Together we grow. Al Baraka Social Responsibility Report Your Partner Bank

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1 Together we grow Al Baraka Social Responsibility Report Your Partner Bank

2 Jordan 2. Egypt 3. Tunisia 4. Bahrain 5. Sudan 6. Turkey 7. South Africa 8. Lebanon 9. Pakistan 10. Algeria 11. Indonesia 12. Syria 13. Libya 14. Iraq 15. Saudi Arabia 7

3 9 Contents (Click text below to open page link) Al Baraka Mission and Vision... 2 introduction Al Baraka Social Responsibility Program... 4 Board Committee on Social Responsibility... 6 Board Social Responsibility Committee... 7 Management Committee on Social Responsibility... 9 President and Chief Executive s Welcome Overview of the Al Baraka Social Responsibility Program part one: global overview ABG Bahrain Egypt Sudan Syria Lebanon Turkey Jordan Algeria Pakistan Tunisia South Africa part two: global activities overview Philanthropic Program Education Community Development Arts, Culture and Literature Scholarly Works Youth Engagement Environment and Sustainability Human Resource Development Special Needs Services Women Empowerment Children Activities Qard-Hasan Economic Opportunities & Social Investments Program Community Development Local Industries Other Industries al baraka social responsibility report

4 Al Baraka Mission and Vision Our Beyond Banking philosophy emanates from our Vision and Mission. Our Vision We believe society needs a fair and equitable financial system: one which rewards effort and contributes to the development of the community. Developing from our values and as a natural consequence of it, our Mission is thus: To meet the financial needs of communities across the world by conducting business ethically in accordance with our beliefs, practicing the highest professional standards and sharing the mutual benefits with the customers, staff and shareholders who participate in our business success. 02 al baraka social responsibility report

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6 introduction Al Baraka Social Responsibility Program Return to Contents Social Responsibility is, in essence, an approach towards all aspects of an organization s business activities with the aim of meeting the needs of the organization, its shareholders, employees and customers whilst sustaining the resources human and natural that will be needed over the long term. Social Responsibility aims to create long-term economic growth through the careful management of natural resources (e.g. reduction of energy usage, waste management, etc.), development of human resources (through training, personal development and career and succession planning), and the general enhancement of the quality of life throughout society. The concept of Social Responsibility fits easily with the business ethics of Islam and, therefore, with Al Baraka s traditional principles and philosophy. Our philosophy, in essence, is that Allah grants mankind the capacity to inherit the land on this earth and therefore that mankind is not the owner of wealth, but is entrusted with it. As the purpose of mankind is to construct, embellish and build on this earth, we are therefore ordained to create jobs and opportunities for others. Thus, the wealth bestowed upon us must therefore be invested in creating the wealth and opportunities in the society. As members of a banking group founded on Islamic principles and values, we at Al Baraka believe that we have a particular obligation to society, through patronage and sponsorship of educational and social projects, to enhance the living conditions and quality of life of needful individuals in the local communities, of which we are part. In meeting this commitment to society, we make all possible efforts to apply one of the important philosophical pillars of Islamic banking: the concept of E mar Al Ardh (or construction, or development of land), which means, adding tangible value to assets (whether natural or human). This concept has a direct relevance to the development of society and its social and economic progress and we seek to apply it through active investment mediation, which complements real and value-added production, and through the exchange of commodities and services, to be able to offer practical alternatives to those financial intermediaries that provide no benefit to society at large. These principles may be summarized as: First: Investments may only be made in sectors and industries that meet ethical standards. The moral values of Islam dictate that Muslims must invest in the production of, and trade in, useful and beneficial goods only. They therefore forbid investment in such activities as, for example, contribute to the production of alcoholic beverages, tobacco or weapons, or are associated in any way with gambling, pornography or the abuse of children, women and minorities, or any other morally questionable practices. Second: All Islamic banks and financial institutions eschew the payment of interest in their relations with depositors, consumers and businesses, as Islam prohibits the paying or charging of interest. Instead, ABG s banking subsidiaries, like all Islamic banks; accept deposits on an investment basis whereby depositors share with the bank in the actual results of the realization of their investments. Financing is provided to businesses in turn mainly on the basis of installment sale, leasing or equity participation. In this way, they and their depositors share the financial risk with the entrepreneurs and together they reap the benefits of the investments. The essential difference in Islam is that the practice of profit sharing is such that wealth creation is the result of a partnership between investors and entrepreneurs in which both the risks and the rewards are shared: returns on invested capital are based on profits actually generated rather than predetermined interest rates. Third: All contracts entered into by Al Baraka s banking subsidiaries, and all their relations with businesses and depositors, must comply with the ethical standards of the Shari a. We have established the Al Baraka Social Responsibility Program, the first such Program to be introduced by any Islamic banking and financial services institution. We consider the role of Social Responsibility in our organization to be essential to our business model in all the countries we operate in, are based. All our subsidiaries embrace Islamic ethical principles and apply them to their banking operations and services. 04 al baraka social responsibility report

7 Al Baraka Banking Group s philosophy, in essence is that Allah grants mankind the capacity to inherit the land on this earth. And, the man is not the owner of wealth but he is entrusted with it. As the purpose of the creation of the mankind is to construct, embellish and build on this earth, we are therefore ordained to create jobs for others. Thus, the wealth bestowed upon us belongs to Allah. Therefore, we must apply Shari a rules related to the ownership of wealth in creating the wealth and in investing, exchanging, growing and spending the wealth Shaikh Saleh Abdullah Kamel, Chairman, Al Baraka Banking Group The Al Baraka Social Responsibility Program encompasses the following initial ad minima features of its business model: 1. Assessing the social impact of ABG s business at the local and transactional levels. 2. Investing in and supporting socially responsible businesses. 3. Supervising and monitoring development in the Al Baraka microfinance Program and financial inclusion. 4. Supporting the local economies. 5. Supporting academic institutions and centers of excellence. 6. Promoting Islamic classical arts and literature. 7. Promoting scholarly works of Islamic banking and finance. 8. Investing in people. 9. Nurturing and encouraging local talent. 10. Promoting Programs that protect the environment by adopting various conservation strategies, such as reduction of paper usage, energy and water conservation. The Al Baraka Social Responsibility Program has the following pillars: A. Al Baraka Philanthropic Program B. Al Baraka Economic Opportunities and Social Investments Program C. Al Baraka Qard-Hasan Program D. Al Baraka Time Commitment Program al baraka social responsibility report

8 introduction Board Committee on Social Responsibility Return to Contents A Board Committee for Social Responsibility has been formed, to oversee the activities of the Social Responsibility Management Committee, whose role is to: 1. Maintain the continuity of Al Baraka Social Responsibility Program and update it with the most recent international research and popular strategies to enhance Shari a objectives. 2. Manage and supervise Social Responsibility Program implementation of Al Baraka Group. 3. Ensure that the Program remains one of the leading Programs within the Islamic banking and finance industry in general, by developing new researches in Shari a and economic analyses on the subject. 4. Provide appropriate guidance for the implementation of the Program. 5. Compile, consolidate and publish annual and other periodic social responsibility reports. 6. Develop and update procedures that may result in enhancing the adequacy and effectiveness of the Program at Group level. 7. Exercise all necessary powers in relation to the Program to achieve the objectives and remain consistent with the rationale of the Committee. 8. Coordinate with other local and international social responsibility Programs. 06 al baraka social responsibility report

9 introduction Board Social Responsibility Committee Return to Contents Dr. Bassem Awadallah Chairman Chief Executive Officer, Tomoh Advisory, consultancy based in Dubai. He currently also serves as a Member of the MENA Advisory Board of Standard Chartered Bank. Previously Dr. Awadallah held a number of positions in Jordan: Economic Secretary to the Prime Minister ( ); Economic Advisor to the Prime Minister ( ); Director of the Economic Department at the Royal Hashemite Court ( ); Minister of Planning and International Cooperation (October 2001-February 2005); Minister of Finance (April 2005-June 2005); Director of the Office of His Majesty King Abdullah II (April 2006-November 2007) and Chief of the Royal Hashemite Court (November 2007-Septemper 2008). Prior to that Dr. Awadallah worked in the investment banking field in the UK. He is the recipient of the Al Hussein Medal for Distinguished Service, the Al Kawkab Decoration of the First Order, and the Al Istiqlal Decoration of the First Order. Awarded The King Abdullah Bin Abdul Aziz Visiting Fellowship at the Oxford Centre for Islamic Studies at Oxford University, September He was visiting Fellow at the Oxford Centre for Islamic Studies at Oxford University, Also served as Secretary General of the Islamic Chamber of Commerce and Industry Mr. Awadallah, a Jordanian national, has more than 28 years of diverse experience, holds a Ph.D. and M.Sc. degrees in Economics from the London School of Economics and Political Science, of the University of London, (1985 and 1988). Mr. Adnan Ahmed Yousif Member President & Chief Executive, Al Baraka Banking Group, Chairman of Jordan Islamic Bank, Banque Al Baraka D Algérie, Al Baraka Turk Participation Bank, Al Baraka Bank Ltd., South Africa, Al Baraka Bank Egypt, Al Baraka Bank Lebanon, Al Baraka Bank Syria, Al Baraka Bank Sudan and Al Baraka Bank (Pakistan) Ltd., Vice Chairman of Al Baraka Islamic Bank, Bahrain and Director of Al Baraka Bank Tunisia and Itqan Capital, Saudi Arabia. Past Chairman of the Union of Arab Banks for two successive terms and twice recipient of the Islamic Banker of the Year Award at the World Islamic Banking Conference. Mr. Yousif has additionally been honoured with the King Hamad Prize (Competency, First Class) Medal and awarded the Tatweej Award for excellence in leadership and institutional performance in the category Wise Leadership in the Field of Arab Banking for 2012 and the 2012 LARIBA Award for Excellence in Achievement by LARIBA American Finance House. He has over 39 years experience in international banking. Mr. Yousif, a Bahraini national, holds a Master of Business Administration degree from University of Hull, UK. al baraka social responsibility report

10 Mr. Abdul Elah Sabbahi Member Vice President, Dallah Al Baraka Group, Chairman of Al Baraka Bank Tunisia, Arab Leasing International Finance, Saudi Arabia and La Société de Promotion du Lac de Tunis. Mr. Sabbahi is also a Member of the Boards of Dallah Al Baraka Holding Co. E.C., Bahrain, Al Amin Investment Co., Jordan and a number of other international companies. Mr. Sabbahi has had over 33 years experience in international banking, the last 22 of which were with the Dallah Al Baraka Group in Saudi Arabia. Mr. Sabbahi, a Saudi national, holds a Bachelor of Science Degree in Accounting from King Abdulaziz University, Saudi Arabia. Mr. Fahad Abdullah A. Al-Rajhi Member Chairman, FAR Venture Holding Company; Member of the Boards of Deutsche Gulf Finance, Resort Cement Co., Najran Cement Co., Bukhait Investments Group, Tabuk Agricultural Development Co. and Al Baraka Turk Participation Bank. Previously Mr. Al-Rajhi was a treasurer in Al-Rajhi Bank between February 1995 and May He has over 36 years experience in a variety of business and financial fields. Mr. Al-Rajhi, a Saudi national, holds Bachelor of Science degree in Industrial Management from King Fahad University of Petroleum and Minerals, Saudi Arabia. 08 al baraka social responsibility report

11 introduction Management Committee on Social Responsibility Return to Contents Mr. Adnan Ahmed Yousif Chairman President & Chief Executive, Al Baraka Banking Group, Chairman of Jordan Islamic Bank, Banque Al Baraka D Algérie, Al Baraka Turk Participation Bank, Al Baraka Bank Ltd., South Africa, Al Baraka Bank Egypt, Al Baraka Bank Lebanon, Al Baraka Bank Syria, Al Baraka Bank Sudan and Al Baraka Bank (Pakistan) Ltd., Vice Chairman of Al Baraka Islamic Bank, Bahrain and Director of Al Baraka Bank Tunisia and Itqan Capital, Saudi Arabia. Past Chairman of the Union of Arab Banks for two successive terms and twice recipient of the Islamic Banker of the Year Award at the World Islamic Banking Conference. Mr. Yousif has additionally been honoured with the King Hamad Prize (Competency, First Class) Medal and awarded the Tatweej Award for excellence in leadership and institutional performance in the category Wise Leadership in the Field of Arab Banking for 2012 and the 2012 LARIBA Award for Excellence in Achievement by LARIBA American Finance House. He has over 39 years experience in international banking. Mr. Yousif, a Bahraini national, holds a Master of Business Administration degree from University of Hull, UK. Mr. Abdulrahman Shehab Member Mr. Shehab has over 41 years of banking experience with various international financial institutions, both Islamic and conventional. He is a Member of the Boards of Banque Al Baraka D Algérie (Algeria) and Al Baraka Bank (Pakistan) Ltd., Pakistan. Before joining ABG in 2006 he was Assistant Chief Executive Officer Operations at Bahrain Islamic Bank, which he joined after a successful career at Faysal Islamic Bank of Bahrain (now Ithmaar Bank), prior to which he worked at Bahrain Middle East Bank and the Bahrain offices of American Express Bank, Bank of America and Chase Manhattan Bank, having commenced his career with Habib Bank Ltd. in Mr. Shehab holds a Master of Business Administration degree from Hull University, UK. al baraka social responsibility report

12 Mr. Hamad Abdulla Ali Eqab Member Mr. Eqab has over 21 years experience in financial control and auditing. He is Vice Chairman of the Accounting and Auditing Standards Board of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). He is also a Member of the Boards of Al Baraka Turk Participation Bank, Jordan Islamic Bank and Banque Al Baraka D Algérie, Algeria; in addition he serves as Chairman of the Audit Committee of Al Baraka Turk Participation Bank, as well as being a member of the Audit Committees of Jordan Islamic Bank and Banque Al Baraka D Algérie and a member of the Social Responsibility Committee of Jordan Islamic Bank. Before joining ABG in February 2005 he worked at Shamil Bank as Senior Manager, Internal Audit. Prior to this he was a member of the Audit team at Arthur Andersen. Mr. Tariq Mahmood Kazim Member Bachelor Degree in Systems Engineering and Analysis (University of Petroleum and Minerals Dhahran/Saudi Arabia), 31 years of experience in providing, managing and implementing Banking, Telecommunications and e-commerce Solutions. Past careers include two years with Arabian Networks as General Manager and 16 years with NCR as a Business Unit Leader. He joined Al Baraka Islamic Bank in April He is a Board Member and Deputy Chairman in Al Baraka Bank Pakistan Limited and a Board Member in Al Baraka Syria. Mr. Eqab is a Certified Public Accountant (CPA) and a Chartered Global Management Accountant (CGMA). 10 al baraka social responsibility report

13 Mr. Ayman Ahmed Mohammed Member Has over 26 years of experience and detailed knowledge in Islamic Banking operations with specialization in Strategic Planning, Islamic Investments funds structuring; Marketing, brands management, and strategic positioning, Research and Development, Products structuring and management, and international public policy programs. He has worked in the Republic of Sudan, Saudi Arabia, and Bahrain. Ayman has started his Islamic Banking Career with the Islamic Cooperative Development Bank, where he served for 9 years in the strategic planning department of the bank, before moving to Saudi Arabia in mid-1998 to join Altawfeek Company for Investment Funds ATCIF ( a subsidiary of Dallah Al Baraka Group) as part of its Islamic Investment Funds Structuring and Evaluation team. After that he moved again to Bahrain to join the founding team of the General Council for Islamic Banks and Financial Institutions as head of research and Development. After almost 5 years of success a great achievements at the industry level, he took up his position at Al Baraka Banking Group in 1st of January 2006, as part of its strategic planning team. Ayman is a graduate of economics from Pune university in India. Dr. Ali Adnan Ibrahim Coordinator - Member Dr. Ali Adnan Ibrahim is a First Vice President of the Al Baraka Banking Group in Bahrain, and is a Coordinator-Member of Group Executive Committee on Social Responsibility. He specializes in market-based strategies to economic development, Islamic micro-and-sme finance, corporate sustainability, in addition to mergers and acquisitions and Shariah-structuring. He is also an Adjunct Professor of Law at Georgetown University, Washington DC. He has been selected as Young Global Leader by the World Economic Forum. Before joining Al Baraka, he was a Counsel at the law firm of Baker & McKenzie. Dr. Ibrahim has extensive experience in structuring large Islamic finance transactions and has also worked on several multi-billion dollar transactions involving international project development and finance, mergers and acquisitions, foreign direct investments, capital markets. As Fulbright Scholar, Dr. Ibrahim received his doctorate in law (Doctor of Juridical Sciences SJD) with distinction in the field of international financial regulation from the Georgetown University Law Center and LL.M. (Master of Laws) from the Washington University School of Law specializing in securities regulation and comparative corporate governance. Dr. Ibrahim has twice served as Co-Chair and Senior Adviser of Islamic Finance Committee of the American Bar Association. He has been published internationally on the areas of Islamic microfinance, Islamic finance and its regulation, comparative corporate governance and capital markets in the developing countries. al baraka social responsibility report

14 introduction President and Chief Executive s Welcome Return to Contents Credit Approval Process and Social Responsibility We have also developed an internal mechanism to ensure that our entire business model remains socially responsible. We have added new processes to our credit approval process. As a result, we will not only encourage our existing customers to adopt the Al Baraka Social Responsibility Priorities, but we will also prefer to work with such new customers that are committed to consistently adding more value to their respective communities. Continuing Progress It is my pleasure to present the Al Baraka Social Responsibility Report, which combines our progress in 2013 and While we have successfully sustained our efforts in most sectors, we are very proud to note greater progress in certain areas. As Al Baraka Social Responsibility Program has been growing every year, our progress and the impact of the program has been steady and consistent: 2012: US$ 940 million 2013: US$ 1,647 million 2014: US$ 1,675 million Al Baraka Social Responsibility Priorities We have decided to take our Social Responsibility Program to yet another level. We would like to integrate specific targets and priorities for the next five years. Accordingly, by 2020 we would like to impact the communities we operate in by: - Adding 50,000 jobs across the countries we operate in as a result of financing new and existing customers operations. We will prefer working with customers that are adding and retaining jobs and offer equal opportunities for men and women. - Financing, and donating to, a variety of educational institutions. - Financing, and donating to, children hospitals, cancer hospitals, diabetic hospitals, kidney dialysis units. - Working with customers that are more closely aligned with the above Al Baraka Social Responsibility Priorities and the Global Goals for Sustainable Development. The Future With this, we hope that we can kick-start an industry-wide trend that Al Baraka is able to lead by example. Given that our business model is uniquely tailored around adding economic value to the communities where we operate, our contributions (and as a result our economic value-add to the society) will increase with our growth. I would like to thank our Chairman, Sheikh Saleh Abdullah Kamel, Directors and, importantly, all of our Shareholders, in inspiring us to do the activities that we have listed in this report. I would also like to thank our Board and Management Committees on social responsibility for all the guidance and assistance. An equal level of appreciation is due to the Board and Management Committees of social responsibility in our subsidiaries that have worked hard to implement the Al Baraka Social Responsibility Program. Adnan Ahmed Yousif President & Chief Executive Member, Board Committee on Social Responsibility Chairman, Management Committee on Social Responsibility 12 al baraka social responsibility report

15 introduction Overview of Al Baraka Social Responsibility Program Return to Contents Algeria In 2013, Al Baraka Bank in Algeria funded US$ 619 thousand towards philanthropic activities, also funded US$ 753 thousand towards philanthropic activities in It has been directing large proportion of Economic Opportunities Social Investments Programs towards economic sectors, which amounted to US$ 264 thousand in 2013 and US$ 123 thousand in Algeria also contributed to The Qard-Hasan Program by US$ 973 thousand in 2013 and US$ 977 thousand in Social responsibility has been an integral part of our philosophy, vision and mission. This allowed us to uniquely include social responsibility in our business model. Therefore, we measure our social and societal contributions by also closely monitoring the economic value we add to the society. The Al Baraka Social Responsibility Report 2013 and 2014 (the Report ) sets out Al Baraka s contributions to the communities within which it operates. The Report highlights Al Baraka s commitment to advancing and expanding its Social Responsibility Program, which comprises: 1. Al Baraka Philanthropic Program 2. Al Baraka Economic Opportunities and Social Investments Program 3. Al Baraka Qard-Hasan Program 4. Al Baraka Time Commitment Program Report elements The Report is organized in two parts: Part One provides a country-wise global overview of the contributions made by Al Baraka subsidiary banks in each country where they operate. Part Two sets out and analyzes Al Baraka contributions to each of the above programs. The Overview The following is a brief analysis of the information provided by Al Baraka subsidiary Units for the Report. This section highlights the contributions, commitments and dedication of the Al Baraka banks towards their social responsibility. The Al Baraka Social Responsibility Program initiatives and activities are in excess of US$ 1,647 million in 2013 and US$ 1,675 million in Summarized below are the aggregated Group-wide contributions:- Al Baraka Banking Group (HEAD OFFICE) Al Baraka Banking Group invested US$ 453 thousand in 2013 and US$ 609 thousand in 2014 for the various philanthropic activities they were engaged in. Additionally, the group spent US$ 185 thousand in 2013 and US$ 120 thousand in 2014 for providing Qard-Hasan to funding a range of initiatives and activities. Bahrain Bahrain contributed in 2013 and 2014 by about US$ 55 thousand and US$ 187 thousand, respectively, in developing community through philanthropic activities. Al Baraka Islamic Bank s Economic Opportunities and Social Investments Programs resulted in a total spend of US$ 113,000 thousand for 2013 and US$ 151,200 thousand for Egypt In 2013, Philanthropic activities funded by Al Baraka Bank Egypt in the order of US$ 75 thousand and their economic and social investments totaled to US$ 252,304 thousand. In 2014, the bank provided US$ 1,638 thousand to philanthropy and their economic and social investments totaled to US$ 105,323 thousand. In addition, the Bank provided US$ 2,371 thousand for Qard-Hasan. Jordan Jordan s philanthropic activities totaled US$ 848 thousand in 2013 with a substantial portion going to community development. Also, Jordan Islamic Bank spent US$ 974 thousand in 2014 to finance the philanthropic activities. The Bank contributed US$ 628,092 thousand in 2013 and US$ 869,283 thousand in 2014 towards their economic and social investments fund. Lebanon We note that Lebanon has contributed US$ 275 thousand towards philanthropy in 2013 and amounted US$ 82 thousand in The Unit has spent US$ 20,000 thousand and US$ 21,000 thousand for 2013 and 2014, respectively, towards economic and social investments. Al Baraka Bank Lebanon has also committed substantially towards financing Micro and SME enterprises. Pakistan As has been the case with all Al Baraka subsidiary Units, Pakistan too has contributed highly towards development of their economic sector, with an impressive sum of US$ 396,447 thousand in 2013 and US$ 343,970 thousand in Al Baraka Bank Pakistan Limited has funded their philanthropic activities to the tune of US$ 443 thousand in 2013 and US$ 407 thousand in al baraka social responsibility report

16 South Africa In 2013, South Africa s funding of their philanthropic activities totaled up to US$ 350 thousand and they registered a combined total of US$ 161,470 thousand towards funding economic and social investments gives a combined total of which includes community development, micro & SME funds, local industries. In 2014, Al Baraka Bank Limited -South Africa- contributed US$ 102 thousand towards philanthropy and their Economic Opportunities and Social Investments Program totaled to US$ 100,946 thousand. Sudan Sudan has contributed more towards financing the economic sector. This is evident from their total spend of US$ 10,614 thousand in 2013 and US$ 14,845 thousand in 2014 in the area of building economic activities and social investments. Sudan also contributed US$ 6,210 thousand and US$ 4,195 thousand for two years 2013 and 2014, respectively, towards educational funds, youth activities and community development. Syria Syria s total for their philanthropic activities and economic and social investments was an impressive to US$ 34 thousand and US$ 41,598 respectively in Al Baraka Bank Syria contributed a larger amount towards funding for local industries and micro & SME funds as well as the economic sector. In 2014, Al Baraka Bank Syria spent US$ 59 thousand for funding philanthropic activities, while Bank contributed US$ 41,953 thousand towards Economic Opportunities and Social Investments Program. Tunisia Tunisia registered a spend of around US$ 199 thousand in 2013 and US$ 219 thousand in 2014 on philanthropic activities which includes community development and contribution for the youth and sports. However, there was no information available on their engagement with building their economic and social investments in 2013 but the Bank contributed US$ 603 thousand to support Economic Opportunities and Social Investments Program in Turkey Al Baraka Turk Participation Bank s contribution towards philanthropic activities was an impressive US$ 4,553 thousand in 2013 and US$ 5,395 thousand in 2014 with a large portion being spent on educational funding and community development. Al Baraka Turk, however, did not provide any information on their efforts in the area of economic and social investments. The promise of Al Baraka Social Responsibility Program is to deliver greater contributions and initiatives towards the economic growth and communities development where we operate in accordance with Islamic Shari a principles. We hope to continue delivering this promise with greater enthusiasm every year. Dr. Ali Adnan Ibrahim First Vice President Secretary, Board Committee on Social Responsibility Coordinator-Member, Management Committee on Social Responsibility 14 al baraka social responsibility report

17 Global Overview Social responsibility has been an integral part of our philosophy, vision and mission. This allowed us to uniquely include social responsibility in our business model. Therefore, we measure our social and societal contributions by also closely monitoring the economic value we add to the society. al baraka social responsibility report

18 BAHRAIN Al Baraka Banking Group (Head OFFICE) ( ABG ) Al Baraka Banking Group has participated in the Al Baraka Social Responsibility Program quite actively. The Group participated in the Philanthropic Program by funding various activities and initiatives with an expenditure of US$ 453 thousand in 2013 and around US$ 609 thousand in Al Baraka Philanthropic Program, which covered promotion and funding of a broad spectrum of activities in 2013 and 2014, ranging from education, scholarly and literary works, assisting special needs people as well as contributions to support children activities, youth and sports activities. The Philanthropic Program funded these various activities and initiatives to the tune of US$ 453 thousand for 2013 and US$ 609 thousand for us$ 000 Community development 143 Education 18 Youth engagement and sports 11 Special needs services 8 Children activities 16 Scholarly and literary works 257 Total us$ 000 Community development 170 Education 27 Youth engagement and sports 12 Children activities 20 Scholarly and literary works 380 Total 609 Al Baraka Banking Group provided Qard-Hasan of US$ 185 thousand in 2013 and US$ 120 thousand in 2014 towards various activities. 16 al baraka social responsibility report

19 ABG - Philanthropic Program al baraka Banking Group Scholarly and Literary Works 57% Education 4% Community Development 32% Youth Engagement and Sports 2% Special Needs Services 2% Children Activities 3% Scholarly and Literary Works 63% Education 4% Community Development 28% Youth Engagement and Sports 2% Children Activities 3% al baraka social responsibility report

20 BAHRAIN Al Baraka Islamic Bank ( Al Baraka Bahrain ) Al Baraka Bahrain has participated in the Philanthropic Program, Economic Opportunities Program and Time Commitment Programs under the broad title of Al Baraka Social Responsibility Program, during 2013 and Al Baraka Philanthropic Program funded for community development to the tune of US$ 55 thousand in 2013 and funded US$ 187 thousand for community development and scholarly and literary works in us$ 000 Community development 55 Total us$ 000 Community development 187 Total 187 Al Baraka participated in the Economic Opportunities Program by Shari a compliant financing to the tune of US$ 113,000 thousand towards promoting SMEs and micro businesses in 2013 and to the tune of US$ 151,200 thousand in us$ 000 Micro and SMEs 113,000 Total 113, us$ 000 Micro and SMEs 151,200 Total 151,200 As for Al Baraka Bahrain s Time Commitment to Social Responsibility in 2013, the unit invested 180 man hours towards community service, 210 man hours towards contributions and initiatives as well as 210 man hours in sponsoring activities and events. In 2014, the bank invested the same way. 18 al baraka social responsibility report

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22 Egypt Al Baraka Bank Egypt ( Al Baraka Egypt ) Al Baraka Egypt has been an active participant of the Al Baraka Social Responsibility Program. Al Baraka Egypt participated in 2013 in the Philanthropic Program by funding projects supporting affordable housing, healthcare and other forms of community development to the tune of US$ 75 thousand us$ 000 Community development 75 Total 75 In 2014, Egypt s Philanthropic Program participated in special needs services and community development to the tune of US$ 1,638 thousand us$ 000 Community development 1,477 Special needs services 161 Total 1,638 Al Baraka Egypt participated in the Economic Opportunities Program and provided Shari acompliant financing of US$ 252,304 thousand for SMEs and micro businesses in the field of trade and manufacturing, local industries and others us$ 000 Micro and SME: Manufacturing 35,948 Trade 36,824 Services 24,433 Local industries: Manufacturing 43,839 Trade 44,862 Services 29,708 Others 36,690 Total 252,304 In 2014, the Bank funded the Economic Opportunities Program for local industries, SMEs and micro businesses and others to the tune of US$ 105,323 thousand us$ 000 Micro and SME: Manufacturing 1,515 Trade 3,838 Services 2,040 Local industries: Manufacturing 36,628 Trade 15,311 Services 11,544 Others 34,447 Total 105, al baraka social responsibility report

23 Egypt - Philanthropic Program al baraka Egypt 2014 Egypt - Economic Opportunities Program al baraka Egypt 2013 Community Development 90% Special Needs Services 10% Local Industries 47% Micro and SMEs 38% Others 15% 2014 Local Industries 60% Micro and SMEs 7% Others 33% al baraka social responsibility report

24 SUDAN Al Baraka Bank Sudan ( Al Baraka Sudan ) Al Baraka Sudan has participated in the Al Baraka Social Responsibility Program quite actively in 2013 and The Unit participated in the Philanthropic Program by funding various activities and initiatives with an expenditure of US$ 6,210 thousand in 2013 and US$ 4,195 thousand in The initiatives included: Funding new educational institutions as well as their infrastructure Setting up Al Baraka Scholarship Program for talented and needy students (with equal allocation for all genders) Community Development efforts that involved in funding projects to support affordable housing, healthcare, reconstruction of the affected cities that affected by the floods, rain and wars, and other activities. Youth engagement efforts and Sports Other sectors The Philanthropic Program funding is as follows: 2013 us$ 000 Education: Funding new educational institutions 264 Funding infrastructure at any existing educational institutions 76 Al Baraka scholarship program for talented and needy students 26 Community development 90 Youth engagement and Sports 31 Any other sector/area 5,723 Total 6, us$ 000 Education: Funding new educational institutions 29 Al Baraka scholarship program for talented and needy students 8 Community development 117 Youth engagement and Sports 88 Any other sector/area 3,953 Total 4,195 Al Baraka Sudan participated in 2013 and 2014 in the Economic Opportunities Program through provided Shari a-compliant financing to community development through financing projects that supporting affordable housing, a spectrum of health care, supporting micro and SMEs businesses in the areas of agriculture, trade, manufacturing and other industries. Also, the Bank contributed in the local industries and other economic segments and industries us$ 000 Community development 1,057 Micro and SMEs: Manufacturing 189 Trade 1,233 Agriculture 896 Craftsmanship 798 Transportation 357 Construction 42 Local industries 2,308 Others 3,734 Total 10, al baraka social responsibility report

25 2014 us$ 000 Community development 1,037 Micro and SMEs: Manufacturing 259 Trade 1,299 Agriculture 1,083 Craftsmanship 920 Transportation 931 Construction 579 Local industries 3,728 Others 5,009 Total 14,845 Sudan - Philanthropic Program Al Baraka Sudan Sudan - Economic Opportunities Program Al Baraka Sudan Funding new educational institutions 4% Funding infrastructure any existing educational institutions 1% Al Baraka scholarship program for talented and needy students 1% Community Development 1% Youth Engagement and Sports 1% Any other sector/area 92% Community Development 10% Micro and SMEs 33% Local industries 22% Others 35% Education 1% Community Development 3% Youth Engagement and Sports 2% Any other sector/area 94% Community Development 7% Micro and SMEs 34% Local industries 25% Others 34% al baraka social responsibility report

26 Syria Al Baraka Bank Syria ( Al Baraka Syria ) Al Baraka Syria has been an active participant in the Al Baraka Social Responsibility Program. The Unit participated in the Philanthropic Program by funding various initiatives and activities accounting to US$ 34 thousand in 2013 and US$ 59 thousand in The funding was done in the following areas: Education, through Al Baraka Scholarship Program for talented and needy students, wherein, the program has funded the study expenses for 30 students in 2013 and around 60 students in 2014 of science students and orphans. Also, the Bank provided training to a fresh graduates and undergraduates in its offices and branches, where the number of trainees reached 42 trainees in 2013 and around 85 trainees in Moreover, Al Baraka Bank has promoted Islamic banking through making courses for its staff as an initial step to spread Islamic banking culture from staff to their relatives and community. Community Development ( funding projects supporting affordable housing, healthcare and other forms of community development) wherein Al Baraka Bank Syria supported the needy people through Al Baraka Zakat Box, granted Ramadan food basket for families in need in collaboration with Women s Mabarrah Society, Orphans Care, cooperated with UNRWA organization to support Palestinian refugees and facilitated the transactions to the leading charitable and development organizations. Arts, culture and literature, Al Baraka Syria supported an arts, culture and literature through cooperation with AlMawred association for empowering working women. Environment and Sustainable Energy- by Solar way campaign to promoting the use of sustainable sun energy to produce light and to charge mobile phones. The breakdown of Al Baraka Syria s contribution to the above is as below: 2013 us$ 000 Education: Al Baraka scholarship program for talented and needy students 7 Internship Programs 17 Community development 8 Arts, Culture and Literature 2 Total us$ 000 Education: Al Baraka scholarship program for talented and needy students 11 Internship Programs 34 Community development 3 Arts, Culture and Literature 1 Environment and Sustainable Energy 10 Total 59 Al Baraka Syria also funded the Economic Opportunities Program with US$ 41,598 thousand in 2013 and US$ 41,953 thousand in Al Baraka Syria provided Shari a compliant Murabaha and Musharaka financing to micro and SMEs businesses in the towards the country s economic development in the areas of trade, manufacturing, construction, residential mortgage, personal/consumer finance and so on. The breakdown of expenditure in this segment is as follows: 2013 us$ 000 Micro and SMEs: Manufacturing 580 Trade 49 Services 190 Personal/Consumer finance 2,530 Construction 497 Residential mortgage 401 Local industries: Manufacturing 27,043 Construction 2,316 Trade 7,287 Commercial Real Estate 705 Total 41, al baraka social responsibility report

27 2014 us$ 000 Micro and SMEs: Manufacturing 569 Trade 43 Services 104 Personal/Consumer finance 1,498 Construction 226 Residential mortgage 310 Local industries Manufacturing 26,980 Construction 7,135 Trade 4,673 Commercial Real Estate 415 Total 41,953 Al Baraka Syria s Time Commitment to Social Responsibility Program invested about 168 man-hours through participating in Iftar campaigns all over Syria in Also, the Bank spent 260 man-hours in 2014 in participating in Iftar campaigns, lets bike environmental campaign and solar way campaign. Syrian - Philanthropic Program Al Baraka Syria Syrian - Economic Opportunities Program Al Baraka Syria Education 71% Community Development 23% Arts, Culture and Literature 6% Micro and SMEs 10% Local industries 90% Education 76% Community Development 5% Arts, Culture and Literature 2% Environment and Sustainable Energy 17% Micro and SMEs 7% Local industries 93% al baraka social responsibility report

28 Lebanon Al Baraka Bank Lebanon ( Al Baraka Lebanon ) Al Baraka Lebanon has participated in the Al Baraka Social Responsibility Program through Al Baraka Philanthropic Program, Al Baraka Qard-Hasan Program and Al Baraka Economic Opportunities Program during 2013 and As part of the Philanthropic Program, Al Baraka Lebanon funded US$ 275 thousand in 2013 and US$ 82 thousand in 2014 towards education, through funding educational institutions and scholarship program for talented and needy students, also community development initiatives, promoting art, culture, literature, scholarly works in Islamic law and finance, youth engagement and sports, their own HR training, initiatives for women empowerment and children activities. Al Baraka Lebanon s contribution to the Philanthropic Program during 2013 and 2014 is as follows: 2013 us$ 000 Education: Funding infrastructure at any existing educational institutions 13 Al Baraka scholarship program for talented and needy students 18 Community development 139 Arts, Culture and Literature 12 Scholarly and literary works 5 Youth engagement and Sports 8 HR development: Funding vocational training 75 Women Empowerment 3 Children activities 2 Total us$ 000 Education: Al Baraka scholarship program for talented and needy students 2 Community development 19 Arts, Culture and Literature 7 Youth engagement and Sports 3 HR development: Funding vocational training 47 Women Empowerment 2 Children activities 2 Total al baraka social responsibility report

29 Lebanon - Philanthropic Program Al Baraka Lebanon Education 11% Community Development 51% Arts, Culture and Literature 4% Scholarly and Literary Works 2% Youth Engagement and Sports 3% HR Development 27% Women Empowerment 1% Children Activities 1% Education 3% Community Development 24% Arts, Culture and Literature 8% Youth Engagement and Sports 4% HR Development 57% Women Empowerment 2% Children Activities 2% Al Baraka Lebanon provided Qard-Hasan of US$ 124 thousand in 2013 and US$ 129 thousand in 2014 towards various activities. The Unit also funded the Economic Opportunities Program with Shari a compliance financing of US$ 20,000 thousand in 2013 and US$ 21,000 thousand in 2014 in the areas of micro and SMEs businesses, as follows: 2013 us$ 000 Micro and SMEs 20,000 Total 20, us$ 000 Micro and SMEs 21,000 Total 21,000 al baraka social responsibility report

30 Turkey Al Baraka Turk Participation Bank ( Al Baraka Turkey ) Al Baraka Turkey has participated in Al Baraka Philanthropic Program during 2013 and The Philanthropic Program for 2013 and 2014 involved funding new educational institutions, funding infrastructure at any existing educational institutions, providing scholarships for talented and needy students, community development activities, art, culture and literature, scholarly and literary works, youth engagement and sports amongst others, as follows: 2013 us$ 000 Education: Funding new educational institutions 2 Funding infrastructure at any existing educational institutions 45 Al Baraka scholarship program for talented and needy students 1,737 Community development 2,534 Arts, Culture and Literature 170 Scholarly and literary works 57 Youth engagement and Sports 8 Total 4, us$ 000 Education: Funding new educational institutions 1 Al Baraka scholarship program for talented and needy students 1,815 Community development 3,180 Arts, Culture and Literature 283 Scholarly and literary works 113 Youth engagement and Sports 3 Total 5, al baraka social responsibility report

31 Turkey - Philanthropic Program Al Baraka Lebanon Education 39% Community Development 56% Arts, Culture and Literature 4% Scholarly and Literary Works 1% Education 34% Community Development 59% Arts, Culture and Literature 5% Scholarly and Literary Works 2% al baraka social responsibility report

32 jordan Jordan Islamic Bank Jordan Islamic Bank has participated in the Al Baraka Social Responsibility Program quite actively during 2013 and 2014 involving Al Baraka Philanthropic Program, Al Baraka Qard -Hasan Program, Al Baraka Economic Opportunities Program as well as Time Commitment to Social Responsibility. In 2013, The Philanthropic Program involved funding various activities and initiatives amounting to US$ 848 thousand, as well as a funding of US$ 7,619 thousand in Qard-Hasan. The Philanthropic Program, involved funding infrastructure at existing educational institutions, scholarship programs for the talented and needy students, community development programs, scholarly and literary works, special needs services as well as youth engagement and sports. In 2014, Jordan Islamic Bank contributed US$ 974 thousand for the Philanthropic Program, the program involved funding of infrastructure at existing educational institutions, scholarship programs for the talented and needy students, arts, culture and literature projects, community development programs, special needs services as well as environment and sustainable energy initiatives. Moreover, the Bank funded Qard-Hasan Program worth US$ 7,108 thousand us$ 000 Education: Funding infrastructure at any existing educational institutions 46 Al Baraka scholarship program for talented and needy students 70 Community development 724 Scholarly and literary works 5 Youth engagement and Sports 2 Special needs services 1 Total us$ 000 Education: Funding infrastructure at any existing educational institutions 43 Al Baraka scholarship program for talented and needy students 116 Community development 761 Arts, Culture and Literature 4 Environment and sustainable energy 49 Special needs services 1 Total 974 Jordan Islamic Bank also participated in the Economic Opportunities Program in 2013 and 2014 and provided Shari a-compliant financing for a range of activities as follows: In the community development, in the area of financing micro and SMEs, Al Baraka Jordan contributed US$ 539,439 thousand in 2013 and US$ 668,373 thousand in 2014 as Murabaha services to finance a variety of projects such as, manufacturing, mining, constructions, agricultural, trade, transportations, tourism services and others. Also, the Bank contributed in the local industries which amounted to US$ 18,391 thousand in 2013 and US$ 112,853 thousand in 2014, where involved Murabaha services to finance a wide range of local industries such as sporadic industries, transportation equipment, cement and lime, glass Products, basic metal products, plastic products, rubber products, wood products and furniture, petroleum refining and so on. Moreover, Jordon participated in the agriculture and importation field to the tune of US$ 27,531 thousand in 2013 and US$ 40,754 thousand in us$ 000 Community development 42,730 Micro and SMEs: Manufacturing 11,035 Trade 108,748 Services 139,686 Agriculture 619 Construction 149,637 Transportation 59,298 Tourism 464 Overdraft facility Coverage (Qard-Hasan) 23,803 Others 46,149 Local industries 18,391 Others 27,532 Total 628, al baraka social responsibility report

33 2014 us$ 000 Community development 47,303 Micro and SMEs: Manufacturing 18,212 Trade 132,413 Services 141,616 Agriculture 1,815 Construction 210,901 Transportation 87,368 Tourism 648 Overdraft facility Coverage (Qard-Hasan) 20,244 Others 55,156 Local industries 112,853 Others 40,754 Total 869,283 As for Al Baraka Jordan s Time Commitment to Social Responsibility, the Unit spent man-hours towards first aid programs in 2013 and 2014, and participated in programs of the basics of safety management system and occupational health and educating staff on acts of civil defense, as follows: First Aid program 2014 First Aid program The basics of safety management system and occupational health Educating staff on acts of civil defense Total 126 man-hours 504 man-hours 72 man-hours 342 man-hours 918 man-hours Jordan - Philanthropic Program Al Baraka Jordan Jordan - Economic Opportunities Program Al Baraka Jordan Education 14% Community Development 85% Scholarly and Literary Works 1% Community Development 7% Micro and SMEs 86% Local industries 3% Others 4% Education 16% Community Development 78% Arts, Culture and Literature 1% Environment and Sustainable Energy 5% Community Development 5% Micro and SMEs 77% Local industries 13% Others 5% al baraka social responsibility report

34 Algeria Banque Al Baraka D Algerie ( Al Baraka Algeria ) Al Baraka Algeria has participated in the Al Baraka Social Responsibility Program with efforts in the Philanthropic Programs, the Economic Opportunities Programs, Al Baraka Qard-Hasan Program as well as Time Commitment to Social Responsibility. Al Baraka Algeria participated in the Philanthropic Program by funding various activities and initiatives of US$ 619 thousand in 2013 and US$ 753 thousand in 2014 in the education field, special needs services and community development through funding projects supporting affordable housing and healthcare us$ 000 Education: Funding infrastructure at any existing educational institutions 358 Community development 255 Special needs services 6 Total us$ 000 Education: Funding infrastructure at any existing educational institutions 286 Funding new educational institutions 121 Community development 334 Special needs services 12 Total 753 Al Baraka Algeria provided Qard-Hasan for various activities in the range of US$ 973 thousand in 2013 and US$ 977 thousand in As a part of Al Baraka Algeria s effort towards the Economic Opportunities Program, the Unit provided Murabaha, Musharaka and Qard-Hasan financing for a range of shari a-compliant activities, that covered financing micros and SME in the domains of handicraft, trade, production sector and services, as follows: 2013 us$ 000 Micro and SMEs: Handicraft 85 Trade 127 Services 42 Production sector 10 Total us$ 000 Micro and SMEs: Handicraft 13 Trade 21 Services 58 Production sector 31 Total 123 As for Al Baraka Algeria s Time Commitment to Social Responsibility in 2013 and 2014, the Unit invested 936 man-hours/year towards educating the needs of organizations, institutions and individuals. 32 al baraka social responsibility report

35 Algeria - Philanthropic Program Al Baraka Algeria Education 58% Community Development 41% Special Needs Services 1% Education 54% Community Development 44% Special Needs Services 2% al baraka social responsibility report

36 pakistan Al Baraka Bank Pakistan Limited ( Al Baraka Pakistan ) Al Baraka Pakistan has participated in the Al Baraka Social Responsibility Program with a range of activities during 2013 and 2014, covering Philanthropy, Economic Opportunities Program as well as the Qard-Hasan Program. Where Al Baraka Bank Pakistan participated in Philanthropy through funding infrastructure at any existing educational institutions, Al Baraka scholarship program for talented and needy students and community development to the tune of US$ 443 thousand in 2013 and US$ 407 thousand in us$ 000 Education: Funding infrastructure at any existing educational institutions 103 Al Baraka scholarship program for talented and needy students 89 Community development 251 Total us$ 000 Education: Funding infrastructure at any existing educational institutions 11 Al Baraka scholarship program for talented and needy students 118 Community development 278 Total 407 It also provided Qard-Hasan of US$ 231 thousand in 2013 and US$ 278 thousand in Al Baraka Pakistan funded the Economic Opportunities Program with US$ 396,447 thousand in 2013 and US$ 343,970 thousand in 2014, included many contributions in micro and SMEs projects, such as real estate, trade, manufacturing, technology, media, telecommunications and so on. In addition, the Bank participated in funding a variety sectors of local industries, such as agriculture, real estate, manufacturing, mining, transportation services, consumer finance and others, as follows: 2013 us$ 000 Community development 16,559 Micro and SMEs: Real Estate 1,507 Construction 766 Manufacturing 9,897 Mining 345 Trade 4,898 Technology, Media and Telecommunications 131 Others 5,638 Local industries 356,706 Total 396, us$ 000 Community development 13,076 Micro and SMEs: Agricultural, Fishing and Forestry / Farming 64 Real Estate 1,231 Construction 400 Manufacturing 14,174 Mining 576 Transportation 9 Trade 7,109 Technology, Media and Telecommunications 124 Others 4,419 Local industries 302,788 Total 343, al baraka social responsibility report

37 Pakistan - Philanthropic Program Al Baraka Pakistan 2013 Pakistan - Economic Opportunities Program Al Baraka Pakistan 2013 Education 43% Community Development 57% Community Development 4% Micro and SMEs 6% Local Industries 90% Education 32% Community Development 68% Community Development 4% Micro and SMEs 8% Local Industries 88% al baraka social responsibility report

38 Tunisia Al Baraka Bank Tunisia ( Al Baraka Tunisia ) As a part of its commitment in participating in the Al Baraka Social Responsibility Program, Al Baraka Tunisia participated in the Philanthropic Program effectively during 2013 and 2014, as follows: 2013 us$ 000 Scholarly and literary works 4 Youth engagement and Sports 4 HR Development: Funding vocational training 140 Offering training contracts 51 Total us$ 000 Arts, Culture and Literature 5 Youth engagement and Sports 1 HR Development: Funding vocational training 117 Offering training contracts 96 Total 219 Al Baraka Tunisia spent US$ 603 thousand in 2014 for Economic Opportunities Program. 36 al baraka social responsibility report

39 Tunisia - Philanthropic Program Al Baraka Tunisia HR Development 96% Scholarly and Literary Works 2% Youth Engagement and Sports 2% HR Development 97% Arts, Culture and Literature 2% Youth Engagement and Sports 1% al baraka social responsibility report

40 South Africa Al Baraka Bank Limited, South Africa ( Al Baraka South Africa ) Al Baraka South Africa participated in the Al Baraka Social Responsibility Program with engagement in Philanthropy, Economic Opportunities Program as well as the Time Commitment to Social Responsibility. Al Baraka South Africa participated in the Philanthropic Program by funding various activities and initiatives accounting to US$ 350 thousand in 2013 and US$ 102 thousand in This involved efforts towards funding infrastructure in existing educational institutions, community development, youth engagement and sports, initiative towards the environment and sustainability, special needs services and other efforts, as follows: us$ 000 Education: Funding infrastructure at any existing educational institutions 188 Community development 73 Youth engagement and Sports 5 Special needs services 33 Others 51 Total us$ 000 Education: Funding infrastructure at any existing educational institutions 50 Community development 35 Youth engagement and Sports 1 Environment and Sustainable Energy 13 Special needs services 3 Total 102 Al Baraka South Africa also funded the Economic Opportunities Program amounting to US$ 161,470 thousand in 2013 and US$ 100,946 thousand in The Unit provided Shari a-compliant financing towards community development activities, supporting micro and SMEs projects in a variety fields such as, manufacturing, agriculture, trade, real estate and others by Murabaha and Musharaka financing, as below: 2013 us$ 000 Community development 2,770 Micro and SMEs: Manufacturing 18,908 Trade 26,670 Real Estate 17,360 Construction 1,221 Individuals 3,667 Others 11,524 Local industries 79,350 Total 161, us$ 000 Community development 989 Micro and SMEs: Agriculture 14 Manufacturing 10,343 Trade 19,415 Real Estate 12,163 Construction 243 Individuals 1,345 Others 6,456 Local industries 49,978 Total 100, al baraka social responsibility report

41 As for Al Baraka South Africa s Time Commitment to Social Responsibility, the Unit spent many man-hours towards various handovers, visit to old age homes by staff nationally, and staff visited orphanages across the country: 2013 Visit to Old Age Homes By Staff Nationally Various Handovers Total 2014 Staff visited orphanages across the country Various Handovers Total 100 man-hours 10 man-hours 110 man-hours 74 man-hours 6 man-hours 80 man-hours South Africa - Philanthropic Program Al Baraka Bank Limited, South Africa South Africa - Economic Opportunities Program Al Baraka Bank Limited, South Africa Education 54% Community Development 21% Youth Engagement and Sports 1% Special Needs Services 10% Others 14% Community Development 2% Micro and SMEs 49% Local industries 49% Education 49% Community Development 35% Youth Engagement and Sports 1% Special Needs Services 2% Environment and Sustainable Energy 13% Community Development 1% Micro and SMEs 50% Local industries 49% al baraka social responsibility report

42 Global Activities Overview 40 al baraka social responsibility report

43 al baraka social responsibility report

44 Philanthropic Program Al Baraka s total funding and contribution for the Philanthropic Program was in the region of US$ 14,114 thousand in 2013 and US$ 14,620 thousand in The efforts can be classified into the following sub sectors: Education Education is one of the most important and effective activities in Al Baraka Philanthropic Program, the total contribution to education sector is US$ 3,075 thousand in In 2014, Al Baraka Units spent US$ 2,671 thousand towards education sector. Efforts in the education domain have been segmented into four parts: Funding new Educational Institutions: - In 2013, Al Baraka Bank Sudan occupied the first rank in terms of contribution in this area, the total contributions amounted to US$ 264 thousand. Also, Al Baraka Turk Participation Bank spent US$ 1.4 thousand in the same field. - In 2014, Al Baraka Algeria focused on supporting new educational institutions significantly by spending US$ 122 thousand. Also, Al Baraka Turk Participation Bank spent US$ 1 thousand in this field. Funding Infrastructure in existing educational institutes: - In 2013, Al Baraka Group provided a financial contribution worth US$ 829 thousand towards this field, these contributions came from Al Baraka Sudan, Lebanon, Turkey, Algeria, Jordan, Pakistan and South Africa. - In 2014, Al Baraka units total contributions and initiatives amounted to US$ 418 thousand, where Al Baraka Sudan, Jordan, Algeria, Pakistan and South Africa participated in this field effectively. Al Baraka Scholarship Program for talented & needy students: The scholarship program was very popular in Sudan, Syria, Lebanon, Turkey, Jordan and Pakistan in 2013 and The total supported contributions for these efforts is US$ 1,946 thousand and US$ 2,069 thousand in 2013 and 2014, respectively. Internship Programs: Al Baraka Syria alone focused on this area and contributed US$ 17 thousand in 2013, where the Bank has provided a comprehensive training programs for 42 students from science students and universities, as well as providing internal training programs for 85 students from science students and universities worth US$ 34 thousand in Community Development Community development is another significant and vital activity as part of the Philanthropic Program, and occupied the first rank in terms of efforts in this regard, wherein all units of Al Baraka Group contributed effectively in this program. Community development includes funding projects that support affordable housing, healthcare and any other form of development that would be beneficial to the community. The total contributions towards this activity is US$ 4,349 thousand in 2013 and US$ 6,561 thousand in Arts, Culture and Literature Arts, culture and literature enjoy equal importance in Al Baraka banks and as we see, some of the subsidiary Units have contributed in this category, registering a total contribution of US$ 184 thousand in 2013 and US$ 300 thousand in Scholarly and Literary Works Being a pioneering Islamic banking group, Al Baraka aims to contributing towards promotion and development of and scholarly works in Islamic law, finance and banking. Al Baraka Banking Group and its Units in Lebanon, Turkey, Jordan and Tunisia contributed in this segment and the total contribution is US$ 327 thousand in 2013 and US$ 493 thousand in Youth Engagement and Sports Al Baraka participated effectively in this activity in order to support youth and sports programs. The total contribution for this activity during 2013 has been US$ 69 thousand and, which is the contribution from seven of Al Baraka subsidiary Units. Also in 2014, Al Baraka units spent US$ 107 thousand in this activity. 42 al baraka social responsibility report

45 Environment and Sustainability Al Baraka strongly believes in the environment and sustainable energy importance. Although the subsidiary banks have not participated in this activity during 2013 and only three of the subsidiary banks have participated in this activity during 2014, these contributions have helped their respective communities in a positive manner. The total contribution has totaled to US$ 72 thousand in Human Resource Development Human Resource Development at Al Baraka Banks considered as a very important part of the HR discipline. Employees development is an ongoing focus area in the Group. Al Baraka s Social Responsibility Program has broken down this area into two parts, and the aggregate investment of the HR development programs has been US$ 265 thousand in 2013 and US$ 260 thousand in Funding vocational training: This kind of funding is done for training Al Baraka Bank s staff and others from outside the bank. The total spend on this effort during 2013 is US$ 140 thousand and US$ 117 thousand during 2014, where Tunisia alone contributed in this field actively through 2013 and Offering training contracts for employees: These contracts apply in all Al Baraka units. This can be in the form of training programs, internships and etc. In 2013, Tunisia contributed a total of US$ 51 thousand as well as Tunisia contributed a total of US$ 96 thousand in Special Needs Services Al Baraka Philanthropic Program provided these services with an equal distribution to both genders. The contributions of Al Baraka Banking Group (head office), Jordan, Algeria and South Africa in this area worth US$ 48 thousand during In 2014, Egypt, Jordon, Algeria and South Africa spent US$ 177 thousand towards providing these services. Women Empowerment Baraka Bank Lebanon alone characterized in contributing to this unique initiative through cooperation with the Women s Association and Abna Beirut League to women Empowerment, the Bank invested US$ 3 thousand in 2013 and US$ 2 thousand in Children Activities Al Baraka head office (ABG) and Al Baraka Lebanon committed to support a children through the children activities and funding children care associations, this initiative amounted US$ 18 thousand in 2013 and around US$ 22 thousand in Philanthropic Program ABG 3% Algeria 4% Bahrain 1% Egypt 1% Jordan 6% Lebanon 2% Pakistan 3% South Africa 2% Sudan 44% Syria 1% Tunisia 1% Turkey 32% ABG 4% Algeria 5% Bahrain 1% Egypt 11% Jordan 6% Lebanon 1% Pakistan 3% South Africa 1% Sudan 29% Syria 1% Tunisia 1% Turkey 37% al baraka social responsibility report

46 Qard-Hasan Qard-Hasan Program is another significant part of the Al Baraka Social Responsibility Program. ABG (Head Office), Lebanon, Jordan, Algeria and Pakistan offered this program with a total contribution of US$ 9,132 thousand in In 2014, Al Baraka Egypt, Lebanon, Jordan, Algeria, Pakistan and ABG contributed in Qard-Hasan Program to the tune of US$ 10,984 thousand. Qard-Hasan ABG 2% Algeria 11% Jordan 83% Lebanon 1% Pakistan 3% ABG 1% Algeria 9% Jordan 65% Lebanon 1% Egypt 22% Pakistan 2% 44 al baraka social responsibility report

47 Economic Opportunities & Social Investments Program The Economic Opportunities & Social Investments Program is the third program in Al Baraka s Social Responsibility Report. Al Baraka units has been contributed towards Economic Opportunities and Social Investment to the tune of US$1,623,788 thousand in 2013 and US$ 1,649,245 thousand in This program contains the following sub-sectors: Community development Al Baraka considers Community Development as an important feature of its social responsibility commitment. It is similar to what is listed above and includes financing and investments in projects supporting affordable housing and a spectrum of health care and related activities. Al Baraka units in Sudan, Jordan, Pakistan and South Africa contributed in this program with a total of US$ 63,116 thousand in Also, these units participated in community development in 2014 with a total of US$ 62,405 thousand. Micro, Small and Medium Enterprises Micro & SME is the second sub sector that falls within the Economic and Social Investments Program. To ensure a better understanding of the finance types that are provided for these projects, Micro, Small and Medium projects divided into the following segments: - Distribution by modes of financing The modes of financing used are mudaraba, musharaka, murabaha, salam, ijarah and contracting. The total of these modes of financing is US$ 880,200 thousand in 2013 and around US$ 933,994 thousand in Distribution by economic sectors Al Baraka group focused on the economic sectors such as agriculture, farming, industrial sector, manufacturing, services, constructions, real estate, trade, tourism, transportation, craftsmanship, handicraft as well as other sectors. Al Baraka s contribution to these sectors for Micro and SME Financing has been US$ 880,200 thousand in 2013 and around US$ 933,994 thousand in Local Industries Al Baraka s Social Responsibility Strategy has a keen to developing and supporting local industries. The local industries are also divided into the same categories stated above: - The Distribution by modes of finance The modes of financing used are mudaraba, musharaka, murabaha, salam and ijarah, istisna and contracting. The total of these modes of finance is US$ 612,516 thousand in 2013 and around US$ 572,033 thousand in Distribution by economic sectors Al Baraka group focused on the economic sectors such as agriculture, farming, industrial sector, manufacturing, services, trade, food, tourism, transportation, constructions as well as other sectors. Al Baraka s contribution to these sectors for developing and supporting local industries has been US$ 530,857 thousand in 2013 and around US$ 518,327 thousand in al baraka social responsibility report

48 Other Industries Al Baraka supported other industrial sectors such as quasi-heavy industries, agriculture, imports and exports as follows: - Distribution by modes of financing The modes of financing used are mudaraba, musharaka, murabaha, salam and ijarah. Each of these have been used by Egypt, Sudan, Jordan and Tunisia. The total of these modes of financing is US$ 67,956 thousand in 2013 and around US$ 80,812 thousand in Distribution by economic sectors Al Baraka group focused on the economic sectors such as agriculture, farming, industrial, services, commercial sector, importation and manufacturing. Egypt and Jordan are the only two subsidiaries listed under this category and collectively, they contributed to these sectors to the tune of US$ 64,222 thousand in 2013 and US$ 75,201 thousand in Innovative Solutions Al Baraka Jordan supported its customers with innovative overdraft facility designed as Qard-Hasan. Al Baraka Jordan provided US$ 23,803 thousand in 2013 and US$ 20,245 thousand in 2014 pursuant to this facility, as well as enhanced its commitment to create a fruitful economic opportunities. Economic Opportunities & Social Investments Program Algeria 1% Bahrain 7% Egypt 15% Jordan 39% Lebanon 1% Pakistan 24% South Africa 10% Sudan 1% Syria 2% Bahrain 9% Egypt 6% Jordan 53% Lebanon 1% Pakistan 21% South Africa 6% Sudan 1% Syria 3% 46 al baraka social responsibility report

49 al baraka social responsibility report

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