Saturday 6 February 2016
 
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Al Baraka

Al Baraka Egypt profit surges 18pc

Al Baraka Bank Egypt, a subsidiary of Bahrain-based Al Baraka Group (ABG), has reported an 18 per cent rise in net profit for last year at $35 million. A statement said total assets increased by 30 per cent, financing and investments portfolio

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Al Baraka eyes French, Indonesian markets

Bahrain's Al Baraka Islamic Bank plans to open a sharia-compliant bank in France next year as the lender seeks to expand into Europe, its chief executive Adnan Ahmed Yousif said on Sunday. France has one of the largest Muslim

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Al Baraka’s Sudan unit gets ratings boost

Bahrain-based Islamic International Rating Agency (IIRA) has assigned national scale investment grade credit ratings of A- to Al Baraka Bank Sudan (ABBS), an Al Baraka Banking Group (ABG) majority-owned subsidiary in Sudan.  

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Al Baraka Turk net profit up 16pc

Al Baraka Turk Participation Bank, a subsidiary of Bahrain-based Al Baraka Banking Group (ABG), has announced it has achieved an increase of 16 per cent in net profit in the first nine months of the year compared with the same period last year

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Al Baraka's ratings reaffirmed by top agencies

Bahrain-based Al Baraka Banking Group (ABG) said Dagong Global Credit Rating Company and Islamic International Rating Agency (IIRA) have jointly reaffirmed its international investment grade credit rating at 'BBB+/A3' (Triple B Plus /

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Al Baraka completes syndicated Murahaba financing

Al Baraka Banking Group announced its Turkish subsidiary, Al Baraka Turk Participation Bank, had concluded a syndicated Sharia-compliant Murabaha financing, raising a total of $278 million and €154.5 million ($175 million) with total fina

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Al Baraka completes syndicated Murahaba financing

Al Baraka Banking Group announced its Turkish subsidiary, Al Baraka Turk Participation Bank, had concluded a syndicated Sharia-compliant Murabaha financing, raising a total of $278 million and €154.5 million ($175 million) with total fina

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ABG, Venture Capital top key Islamic banks list

Bahrain’s Al Baraka Banking Group (ABG) and Venture Capital Bank lead the GCC Islamic Financial Disclosure Index Rankings, it has emerged.    The conveners of the 22nd annual World Islamic Banking Conf

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Bahrain to see 4 per cent growth despite low oil

Bahrain’s economy is expected to grow by at least four per cent this year despite global financial challenges and declining oil prices, said a top banking executive. Non-oil sectors would play a crucial role in boosting the

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Al Baraka boost as key outlook revised to stable

Standard & Poor's Ratings Services has said that it had revised its outlook on Bahrain-based Al Baraka Banking Group (ABG) to stable from negative. At the same time, it affirmed the 'BB+' long-term and 'B'

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