Sheikh Saleh Abdullah Kamel, Chairman and Founder of Al Baraka Banking Group (“ABG”), passed away

karachi: Sheikh Saleh is widely acknowledged and revered internationally as a pioneer of Islamic banking & finance and Participation banking. He was the highest authority in the field of Islamic economics. As a philanthropist, Sheikh Saleh’s commitment and contribution to communities across the world is unparalleled.

Sheikh Saleh was also the Chairman of the Dallah Al Baraka Group, one of the largest business groups in the Middle East. He founded the group over 50 years ago and created Al Baraka Investment and Development, a holding company for many Islamic Banks, Financial Institutions and companies in various diversified businesses around the world.

In addition to being Chairman and Board Member of many companies within the Dallah Al Baraka Group, Sheikh Saleh was on the Boards of many social, charitable and cultural societies and foundations such as Arab Thought Foundations, King Abdulaziz and His Companions Foundation for the Gifted, Islamic Solidarity Fund, and Arab Academy for Finance and Banking.

Sheikh Saleh Abdullah Kamel was the Life President of The Islamic Chamber of Commerce, Industry and Agriculture, The Jeddah Chamber of Commerce & Industry, and the Chairman of the General Council for Islamic Banks and Financial Institutions. He is a Member of President’s Advisory Panel at Islamic Development Bank.

The President and CEO of Al Baraka Banking Group - Bahrain, Mr. Adnan Ahmed Yousif stated, “this is indeed an irreversible loss, not only to the humanity but also to Islamic banking, he was a visionary man, a great leader and above all father figure to people who were connected to him directly or indirectly.***