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
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,
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.
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
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
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
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
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
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
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