Tuesday 21 October 2014
 
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Al Baraka

ABG units win top Islamic finance awards

Bahrain-based Al Baraka Banking Group (ABG) and five of its subsidiary banking units received the 'Best Islamic Financial Institution' Award of 2014, as part of the annual awards from the Global Finance magazine. The grou

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Al Baraka issues first Islamic bond in Pakistan

The Pakistani unit of Bahrain's Al Baraka Banking Group has raised two billion rupees ($19.5 million) via the country's first issuance of subordinated sukuk, or Islamic bonds, a bank official said. With Basel III global ba

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Al Baraka appoints VP, commercial banking head

Al Baraka Banking Group (ABG), a Bahrain-based Islamic banking group, has appointed Mohammed Abdullah El Qaq as senior vice-president and head of commercial banking. El Qaq has more than 22 years of experience in commercial bankin

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Al Baraka Group posts $143m net profit

Al Baraka Banking Group (ABG), a Bahrain-based Islamic bank, has reported net profit of $143 million for the first half of the year. While balance sheet items increased moderately. Total assets increased by five per cent, total financin

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Al Baraka-World Bank in key research partnership

Bahrain-based Al Baraka Banking Group (ABG) is collaborating with the World Bank for research into risk management and enabling environment in Islamic finance. The partnership's first initiative, part of a planned series of research

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Al Baraka launches new savings account

Bahrain-based Al Baraka Islamic Bank has launched a new investment saving account named "alBarakat."   Compatible with Sharia, it qualifies the account holder to enter a periodic raffle

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Al Baraka launches key Harley-Davidson promotion

Al Baraka Islamic Bank has launched a new promotional campaign in collaboration with Harley-Davidson Motorcycle Bahrain which will run until Eid Al Fitr. Competitive financing profit, free insurance and registration for 2014 model

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Al Baraka plans sukuk in S Africa, Pakistan

Bahrain-based Al Baraka Banking Group said it is considering issuing subordinated Islamic bonds through its South African and Pakistani units to boost their regulatory capital. The Islamic bank's plans come at a time when sove

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Al Baraka Tunis income up 25pc

Al Baraka Bank Tunis, a subsidiary banking unit of Al Baraka Banking Group (ABG), said its net income for last year increased by 25 per cent to $6.5 million. Total income stood at $30 million, increasing by 8 per cent compared wit

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Jordan Islamic Bank posts $14.7m profit

Jordan Islamic Bank (JIB), a subsidiary of Bahrain-based Al Baraka Banking Group, posted a net profit of $14.71 million for the first quarter as against $14.68 million during the same period last year. Al Baraka Banking Group pres

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