Friday 29 August 2014
 
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Baraka

Turkey plans lira-denominated sukuk

Turkey is expected to issue a lira-denominated sukuk, its second sovereign Islamic bond, by the end of September and demand for the instrument is likely to be high, the Turkish unit of Bahraini lender Al Baraka said on Thursday. A

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Al Baraka Banking Group posts flat Q4 profit

Bahraini Islamic lender Al Baraka Banking Group made a fourth-quarter net profit of $46 million, unchanged on the same period in 2010, the bank said in a statement on Thursday. The bank, which has operations in 15 countries including Turk

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Al Baraka eyes $300m sukuk, further expansion

Bahrain-based Al Baraka Bank expects to sell $300 million worth of Islamic bonds by September as it looks to secure long-term financing to fund its expansion plans, its chief executive said on Wednesday. Previous plans to issue Islamic bon

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Zeedna develops social media platform

Zeedna, an online social publishing and ecommerce platform, has developed a robust social media platform and has secured clients in Syria, Jordan, France, Lebanon, UAE and the US. The Baraka Venture portfolio company has also completed a s

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Bahrain's Baraka to buy Indonesian bank

Bahraini Islamic lender Al Baraka plans to buy an Indonesian bank this year for around $100 million and has identified up to four possible options, its chief executive said on Tuesday. 'We sent in early February a delegation...to follo

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