Al Baraka is a Bahrain-headquartered Islamic banking group. Statements label transactions by Sharia product type. Convert to Excel and separate investment returns from client revenue cleanly.
Convert your Al Baraka statementAl Baraka Banking Group is the largest pan-MENA Sharia-compliant banking group, founded in Bahrain in 1978 by Sheikh Saleh Kamel. The Bahrain holding entity issues BHD statements; subsidiaries in Egypt, Turkey, Jordan, and other markets issue statements in their local currencies. Freelancers banking with Al Baraka Bahrain receive client revenue in BHD alongside Mudaraba profit distributions on any deposit-side investment accounts.
The statement structure differs from a conventional bank. Every narration tags the underlying Sharia product. Mudaraba profit distribution is investment income, not service revenue, and needs to be classified separately in any freelance income record. Murabaha financing repayments are an expense (deferred-sale cost), not a deduction from revenue. The bilingual Arabic-English statement preserves these tags, which the converted Excel keeps intact.
Al Baraka prints every row with the Sharia product code in the narration. Inbound client transfers appear with the standard 'تحويل' label and the sender's reference. Mudaraba profit distributions appear with 'توزيع أرباح' or 'مضاربة' and arrive on a fixed monthly or quarterly schedule from the deposit-side investment account. Murabaha financing instalments appear with 'مرابحة' and a remaining-balance reference.
The freelancer separates these flows: client revenue feeds the income column, Mudaraba profit feeds an investment-income column, and Murabaha repayments sit in a financing-expense column. Each has different treatment for any annual income record. The Kashfbank export preserves the Sharia tag in the description column so the classification can be done by filtering, not by manual review.
Pull every inbound credit, tag client revenue separately from Mudaraba profit distributions, capture Murabaha and Musharaka financing repayments as financing expense, and preserve the 3-decimal BHD precision for any subsequent reconciliation.
Bilingual A4 PDF following Islamic finance conventions. Islamic product type (Mudaraba, Musharaka, Murabaha) in all narrations. BHD to 3 decimal places. Group-level header identifies subsidiary bank, branch, and parent group. Profit distribution and investment returns clearly separated from operational transactions.
| Label | Meaning |
|---|---|
| مضاربة | Mudaraba profit-sharing |
| مشاركة | Musharaka partnership finance |
| مرابحة | Murabaha repayment |
| توزيع أرباح | Profit distribution to depositor |
| تحويل | Transfer (domestic/international) |
Rules in Bahrain differ — see our country guide
Pull your statement from Al Baraka Digital
Open Al Baraka Digital mobile or online and request the statement for the freelance income period. PDF is the standard format. The bilingual Arabic-English layout is preserved on download.
Upload to Kashfbank
Drop the PDF in. The Sharia product tags (Mudaraba, Murabaha, Musharaka) on each row are preserved in the description column. The 3-decimal BHD precision stays intact.
Filter Sharia products into separate income categories
Filter by description text. Client revenue is service income. Mudaraba profit is investment income. Murabaha repayment is financing expense. Each row carries its Sharia tag so filtering is a single column sort.
Reconcile against your annual income record
Sum client revenue separately from Mudaraba profit. Both are income, but they have different treatment in any cross-border or tax-side classification. The 3-decimal BHD totals reconcile against the bank's annual summary to the fils.
Common challenges
How does the export handle Al Baraka's Sharia product tags?
Every row in an Al Baraka statement carries the Sharia product code in the narration — Mudaraba, Murabaha, Musharaka, Ijara, Wakala. Kashfbank preserves the tag in the description column without rewriting it. The freelancer can filter by Sharia product type in one step.
Are Mudaraba profit distributions service revenue?
No. Mudaraba is a profit-sharing arrangement on an investment account — the bank invests deposits in Sharia-compliant assets and shares profit with the depositor. The profit distribution is investment income, not service revenue. Most tax frameworks treat investment income separately from service income.
I have an account at Al Baraka Bahrain and at an Al Baraka subsidiary in Egypt. Can Kashfbank handle both?
Yes. Each statement is converted independently. The Bahrain entity issues BHD statements (3 decimals); the Egypt subsidiary issues EGP statements (2 decimals). Kashfbank reads each with its own precision and currency. The freelancer can combine them in Excel after export for a unified view.
Does the export preserve 3-decimal BHD precision?
Yes. 1.250 stays 1.250. The fils-level precision matters for any reconciliation against Al Baraka's annual summary or against an NBR record for VAT-registered freelancers.
Tax Preparation
Convert PDF bank statements to clean spreadsheets for Zakat, VAT, corporate tax, and self-assessment filings across GCC and international markets.
Loan Applications
Prepare clean, lender-ready bank statement exports that prove stable income and responsible financial behavior for personal and business loan applications.
Mortgage Applications
Prepare 6–12 months of verified, structured bank statement data for mortgage underwriting — covering down payment seasoning, income stability, and GCC real estate requirements.
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Regulator: Central Bank of Bahrain (CBB)
Fiscal year: Jan 1 – Dec 31
Full country guide →Statement language: Arabic / English