Friday 29 August 2014
 
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Albaraka Banking Group

Turkey's Albaraka postpones sukuk issue

The Turkish unit of Bahrain's Albaraka Banking Group said on Thursday it had postponed a planned issue of Islamic bonds, saying the yields investors expected were too high.      "Because of the negative environmen

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Albaraka Turk closes $350m loan facility

Bahrain-based Albaraka Banking Group (ABG) said its Turkish unit Albaraka Türk Katılım Bankas has successfully closed a $350 million dual-currency syndicated murabaha financing facility. Several major banks including ABC Islamic,

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Al Baraka plans bonus shares, dividend

AlBaraka Banking Group is planning to pay a cash dividend of $44.64 million (six cents per share) to shareholders, equal to six per cent of the issued and paid-up capital, in addition to one bonus share for every 16 held by the shareholders.

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Albaraka gets S&P's stable outlook

Ratings agency Standard & Poor's has reaffirmed Albaraka Banking Group's (ABG's) investment grade rating of BBB- / A-3 (short term) with a stable outlook. ABG is a Bahraini joint stock company listed on Bahrain and Nasdaq D

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Jordan Islamic Bank Q1 net surges to $11m

Jordan Islamic Bank achieved a net profit of 8.09 million Jordanian dinars ($11.41 million) in the first quarter, reflecting an increase of three per cent. Total assets of the bank, a subsidiary of Albaraka Banking Group (ABG), increased b

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Albaraka Banking Q1 net soars to $43m

International Islamic banker Albaraka Banking Group has announced a net profit of $43 million for the first quarter of the year, a 5.1 per cent rise from the fourth quarter last year. The Bahrain-based banking group saw total operating pro

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Albaraka to raise capital by $47m

Albaraka Banking Group (ABG) has decided to increase its issued and paid-up capital by $46.5 million and also approved the distribution of cash dividends for last year amounting to $27.9 million. The bank will transfer $46.5 mill

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Albaraka Bank to open in Syria

Albaraka Banking Group has won an official approval to set up Albaraka Bank Syria. Syrian council of ministers have given the go-ahead to the Bahrain-based group. 'A founding committee has been formed to follow up on the implementation

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Albaraka unit income rises to $59m

Banque Albaraka D'Algerie saw operating income rise to $59.38m in the first nine months of the year compared to $39.78m for the same period of last year. This is an increase of 49 per cent which reflects the growth in income-generating

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Albaraka planning to launch new identity

Bahrain-based Albaraka Banking Group is planning to launch a new identity early next year. This was revealed on Wednesday by president and chief executive officer Adnan Ahmed Yousif at the group's sixth annual strategic meeting held at

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