Al Baraka Islamic Bank B.s.c Closed SWIFT/BIC code

Al Baraka Islamic Bank B.s.c Closed SWIFT code: ABIBBHBM

The 8-character code ABIBBHBM and the full code ABIBBHBMXXX identify the same bank: Al Baraka Islamic Bank B.s.c Closed, with its head office in Manama. A SWIFT code tells every bank in the chain which institution should receive the money. In daily life you usually see the code on international invoices, in payment forms and on the account details of Al Baraka Islamic Bank B.s.c Closed customers.

On this page you will find how the code means, when it matters and which other details a transfer to or from Al Baraka Islamic Bank B.s.c Closed requires. The BIC names a bank or branch, not a single account.

Which of the 5 codes of Al Baraka Islamic Bank B.s.c Closed do you need?

With 5 codes, Al Baraka Islamic Bank B.s.c Closed is one of the banks that use individual codes for parts of the organisation and departments. The head office code remains ABIBBHBMXXX.

For the vast majority of incoming transfers, the head office code ABIBBHBMXXX is the right choice. Branch codes are only needed when the recipient’s bank specifically mentions it, which is more common for business accounts and trade services.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Branch codes can change over time.

Why Al Baraka Islamic Bank B.s.c Closed has an 8- and an 11-character code

Every SWIFT/BIC code has the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. For Al Baraka Islamic Bank B.s.c Closed, that core is ABIBBHBM.

Most payment forms work with either length. If yours requires eleven characters, enter ABIBBHBMXXX, otherwise ABIBBHBM is fine.

Enter the code as one block, in capitals and without spaces. A single letter may route the money to a different institution, so check it twice.

How long does an international transfer to Al Baraka Islamic Bank B.s.c Closed take?

How quickly a payment arrives at Al Baraka Islamic Bank B.s.c Closed is determined by several factors: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Payments made after the cut-off time or on a weekend or public holiday often start the next business day. Extra checks by one of the banks may also add some delay, regardless of the details.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR that banks can use to trace it. Save the payment confirmation – you will need it for any trace request.

A delayed transfer is investigated by the sending bank, using the payment confirmation. Request from the sender the payment receipt; that often settles the question quickly.

Changed bank details? Be careful

Stay wary if a contact suddenly asks you to pay into another account. That ABIBBHBM is a real code does not mean that the account is genuine; criminals use the codes of real banks too.

Always verify changed bank details by phone, using a number you already had. Watch out for urgent requests, odd spelling or a sender address that is slightly off. If a payment was sent to the wrong account, call your bank right away – speed improves the chance of getting it back.

People receiving money can be targeted as well: a classic trick is an overpayment and then sends a request to refund the difference. Do not act before the money is actually in your account – ask Al Baraka Islamic Bank B.s.c Closed if something looks wrong.

What to give a sender who pays you at Al Baraka Islamic Bank B.s.c Closed

For an international payment into your account at Al Baraka Islamic Bank B.s.c Closed, the person paying you has to have more than the BIC. That means: your name exactly as it appears on the account, your account number or IBAN, the BIC ABIBBHBMXXX (or ABIBBHBM) and, often, your address.

Certain sending banks also ask for the bank’s address in Manama; it does no harm to include it. Check every detail before you share them – a sender rarely spots a mistake in someone else’s details.

Do not be surprised if the amount credited is below what the sender paid. Correspondent banks can take a fee, Al Baraka Islamic Bank B.s.c Closed may charge for incoming payments, and when currencies differ, an exchange rate margin comes on top. Agree with the sender who pays which costs.

How up to date is this code?

The directory on GoldexPay draws on public sources. Still, banks merge, rename themselves or change codes, so information can be out of date. The figures we show are based on our own data and not on information from Al Baraka Islamic Bank B.s.c Closed itself.

Before any payment that matters, always confirm the BIC with Al Baraka Islamic Bank B.s.c Closed or with the recipient. GoldexPay has no connection to Al Baraka Islamic Bank B.s.c Closed; we are a comparison site for money transfers. Spotted an error? Tell us via our contact form so we can correct it.

Paying someone abroad from your Al Baraka Islamic Bank B.s.c Closed account

When you send money abroad via Al Baraka Islamic Bank B.s.c Closed, the fee you see is rarely all of the cost. There is the transfer fee, sometimes charges from correspondent banks in between and, above all, the exchange rate markup when the money is converted.

That exchange rate margin is often the biggest item. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

For many routes, a specialist provider is less expensive than a traditional bank transfer. Next time you send money, it is worth to compare the total cost via GoldexPay. Using a transfer service does not require leaving Al Baraka Islamic Bank B.s.c Closed.

How to check ABIBBHBM before you pay

Have the recipient send you their account details straight from their online banking. Check it with ABIBBHBM here.

With a wrong code, the payment may be delayed, bounce back or end up costing more – sometimes after weeks of searching. Remember the account number: a mistake there is harder to correct than a wrong code.

Many banking apps check the format of IBANs and some suggest the matching BIC – that confirms the format, not the owner. Some banks now check the payee name with the account before you confirm; take any warning seriously. For a first payment, some people send a small amount first and wait for confirmation.