Who owns Baraka?

traditional · Dubai, AE · Broker-led · custody: Custodial

short answerBaraka is a broker-led platform rather than a bank: the regulated entity behind it is an investment firm or broker-dealer, and client assets sit with that entity or its custodian rather than as bank deposits. Its stated authorisation: DFSA-regulated investment firm (DIFC, ref. 4153); broker-led model, execution via licensed partners.

Is Baraka a licensed bank?

No — it is a regulated broker or investment firm, not a bank. License detail: DFSA-regulated investment firm (DIFC, ref. 4153); broker-led model, execution via licensed partners.

Where is your money held?

Custody model: Custodial.

No sponsor bank or infrastructure provider is publicly documented for Baraka yet. Know one? Suggest it.

Is my money safe with Baraka?

Baraka is not a bank, so deposit-guarantee schemes do not apply. Client assets held through a broker are usually covered by an investor-compensation scheme instead — a different protection with different limits. Check which entity holds your assets and which scheme covers it.

go deeperSee the full Baraka profile with every verified field, or Baraka alternatives. Raw fields: data.json.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.