Saturday 21 October 2017
 
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Al Baraka

Al Baraka launches first-ever Islamic credit cards

Al Baraka Islamic Bank (AIB – Bahrain), a pioneer in the development of Islamic finance, has announced the launch of its first-ever fully Shari’a compliant credit cards. The new credit cards are being launched as part

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Tamkeen launches new $52m loans portfolio

A portfolio of BD20 million ($52.6 million) has been launched under Tamkeen’s Tamweel Plus (Tamweel+) financing scheme based on partnerships with Al Baraka Islamic Bank and Ithmaar Bank, reported the Gulf Daily News, our sister pu

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Bank Alkhair gets nod to sell stake

Bahrain-based Bank Alkhair, an Islamic wholesale bank, has received approval from the State Bank of Pakistan to sell its stake in Burj Bank to Al Baraka Pakistan (ABPL), a subsidiary of Al Baraka Banking Group, reported the Gulf Daily News

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Al Baraka posts $116m net income

Bahrain-based Islamic banking group, Al Baraka (ABG) has posted a net income of $116m during the first nine months of the year, reported the Gulf Daily News, our sister publication. To read further, please visit

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Al Baraka unit to merge with Pakistan bank

Bahrain-based Al Baraka Banking Group, one of the Gulf's top Islamic banks, said its Pakistani unit would merge with Pakistan's Burj Bank to create an institution with assets totalling more than $1.1 billion. The merger, w

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Al Baraka Banking Q2 net profit dips

Bahraini Islamic lender Al Baraka Banking Group reported a 2.8 percent dip in second-quarter net profit on Sunday. The bank, which has operations in more than a dozen countries, made a net attributable profit of $43.6 million in t

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Al Baraka Q1 net income surges to $38m

Al Baraka Banking Group (ABG), a Bahrain-based leading Islamic bank, announced it achieved 16 per cent increase in total operating income and 13 per cent increase in net profits before tax and provisions during the first quarter the year, report

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Jordan Islamic Bank posts $16.5m Q1 profit

Jordan Islamic Bank (JIB), a subsidiary of Al Baraka Banking Group (ABG), posted a profit after tax of $16.5 million in the first quarter of 2016 compared with $16.1 million for the first quarter of 2015, a growth of three per cent, reported the

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Al Baraka to pay $22m dividend to shareholders

Shareholders of Al Baraka Banking Group (ABG) have approved the distribution of $22.1 million as cash dividend, amounting to two cents for each share equal to two per cent of the par value of the share, and to transfer of $124.3 million to the

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Al Baraka units win Islamic Finance awards

Al Baraka Banking Group, a Bahrain-based leading Islamic banking group, said five of its units won Islamic Finance News Awards 2015 as the ‘Best Islamic Banks’ in the region through the annual comprehensive referendum, conducted by

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