Thursday 24 July 2014
Al Baraka Banking

Al Baraka Turkey unit in $350m sukuk success

Al Baraka Banking Group has announced that its Turkish subsidiary, Al Baraka Turk Participation Bank, has successfully completed issuance of sukuk worth $350 million. The sukuk al wakala-murabaha was heavily oversubscribed, with v


Jordan Islamic Bank net profit up 26pc

Jordan Islamic Bank (JIB), a subsidiary banking unit of Bahrain-based Al Baraka Banking Group, registered a growth of 26.3 per cent in profit before tax for last year at $91.26 million, compared to $72.21 million the previous year.


ABG units win top Islamic finance award

Bahrain-based Islamic banking group Al Baraka Banking Group (ABG) announced that three of its units won 'Islamic Finance News Awards 2013' as the Best Islamic Banks in the region through the annual comprehensive referendum conducted by t


Al Baraka to distribute $36m dividends

Bahrain-based Al Baraka Banking Group said its board has agreed to distribute dividends amounting to $36.6 million among its shareholders. It will distribute cash dividend from last year's profit to shareholders registered as


Tunisia planning first Islamic bond

Tunisia's government plans to issue the country's first Islamic bond this year as it works to finance a budget deficit swollen by last year's revolution, according to a senior Arab banker. 'They're very serious about it


Bahrain's economy 'will bounce back'

Al Baraka Banking Group chief executive Adnan Ahmed Yousif has praised the stability and security of Bahrain on a visit to Bahrain Bay where he inspected the construction of the company's new headquarters. "We are pleased for what we have


$10bn Islamic bank launch this year

The world's biggest Islamic bank, with an initial capital of $10 billion, will be launched before the end of this year, said Adnan Yousef, CEO of Al Baraka Banking Group. He said in an interview with CNBC Arabiya that Sheikh Saleh Kamel, c

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