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Al Baraka to raise $200m with sukukAl Baraka Islamic Bank yesterday announced that it was raising $200 million through trust certificates in a Sukuk Al Wakala issue which will mature in 2015. The 18-month sukuk is aimed at raising cash to help increase the bank' More… |
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Al Baraka Q1 net profit up 15pcBahrain-based Islamic lender Al Baraka Banking Group posted a 15-percent increase in first-quarter net income, the bank said on Sunday. Al Baraka, which has operations across the Middle East, Asia and Africa, said first-quarter ne More… |
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Arab economies to grow at 3.5 pc in 2013Arab countries can expect an average growth of 3.5 per cent this year, according to Al Baraka Banking Group president and chief executive Adnan Yousif. Speaking on the sidelines of the bank's annual meeting at the Sheraton Hot More… |
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Al Baraka Q4 net income up 24pcBahrain-based Islamic lender Al Baraka Banking Group recorded a 24-percent increase in fourth-quarter net income, the bank said on Wednesday, with business expansion and improved asset quality aiding profit growth. More… |
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Al Baraka net income jumps 10pc to $183mLeading Bahrain-based Islamic bank, Al Baraka Banking Group, achieved a net income of $183 million in the first nine months of the year, an increase of 10 per cent on the first nine months of last year. The continued expansion in More… |
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Al Baraka chief wins top US banking awardAdnan Ahmed Yousif, president and chief executive of Al Baraka Banking Group and chairman of the Union of Arab Banks was recently awarded the “2012 Lariba Award for Excellence in Achievement” in Dallas. The award was bestowe More… |
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Al Baraka to host Islamic finance summitOver 1,000 officials from central banks of Islamic states, chief executives and general managers of Islamic financial institutions are set to attend a key finance symposium being hosted by Al Baraka Banking Group in Jeddah. The two-da More… |
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Al Baraka in Islamic finance driveBahrain-based Al Baraka Banking Group and the World Bank have reached an agreement to launch joint programmes under a set of new Islamic finance initiatives. These initiatives are aimed at fostering sustainable development of Islamic econo More… |
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Al Baraka units win top Islamic awardFour subsidiary banking units of the Bahrain-based Islamic bank Al Baraka Banking Group received the Best Islamic Bank Award of 2012, as part of the annual awards from Global Finance magazine. These banking units are Banque Al Baraka D'Alg More… |
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Al Baraka unit profit surges 19pc in 2011Al Baraka Turk Participation Bank, a subsidiary banking unit of Bahrain-based Al Baraka Banking Group (ABG), said its net profit surged 19 per cent in 2011. It also increased its equity by 19 per cent, total assets by 24 per cent, deposits More… |
