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
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
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.
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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
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
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
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
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
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
Al Baraka Banking Group Q4 profit up 15pc
Al Baraka Banking Group, the Bahrain-based Islamic lender with operations in more than a dozen countries, reported a 15 per cent rise in fourth-quarter net pr