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"Badr Al-Islami has capitalized on its sponsor's sound financial standing, operational excellence and goodwill in the market to offer Shariah compliant financial products and services which are reliable and competitively priced for its customers."
- Mubashar Khokhar, CEO
Badr Al-Islami, headquartered in Dubai, United Arab Emirates, is an independently managed business comprising Badr Al - Islami Finance and Badr Al-Islami Banking. Badr Al-Islami Finance, which is majority owned by MashreqBank, is a private joint stock Islamic Finance Company and Badr-Al Islami Banking is the Islamic Banking Division of MashreqBank.
Mashreqbank's Islamic Banking initiative started with the establishment of Badr Al-Islami Banking in early 2006 followed by Badr Al-Islami Finance during the same year. Badr Al-Islami began operations through an Islamic Banking window and since then it has built a substantial customer base. Mashreqbank has invested 500 million AED in the equity of the company. The company is subject to the supervision of UAE Central Bank and an independent accounting firm, as well as, the Shariah Supervisory Board.