Sunday 21 September 2014
 
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ABC Islamic

IIRA reaffirms ABC Islamic Bank ratings

The Islamic International Rating Agency (IIRA) has reaffirmed the ratings of ABC Islamic Bank at A+ (Single A Plus) / A-1 (A-One) on the national scale (long-term and short-term respectively), and A- (Single A Minus) / A-2 (A-Two) on the interna

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ABC Islamic profit up 25pc

Islamic Bank has reported a net profit of $7.5 million for the first half of 2014, 25 per cent higher than the profit of $6 million reported in the first half of 2013. Total operating income rose to $10.7 million, compared to $8.3

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ABC Islamic rating reaffirmed

The Islamic International Rating Agency (IIRA) has reaffirmed ratings assigned to ABC Islamic Bank at A+/A-1 (Single A Plus/A-One) on the national scale and A-/A-2 (Single A Minus/A-Two) on the international scale.   

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ABC Islamic posts $6m net profit in H1

ABC Islamic Bank has posted a net profit of $6 million for the first half of the year, 49 per cent higher than that of the same period in 2012. Total operating income increased to $8.3 million, compared to $7.4 million for the fir

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ABC Islamic Bank posts $1.6m profit

ABC Islamic Bank today announced a net profit of $1.6 million for the first quarter of 2012. The figure compares with a net profit of $3 million for the first quarter of last year, which was mainly due to a one-off revenue item of $1.3 mi

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Top ME banks in Turkey finance deal

Leading international and regional banks have signed a deal to arrange dual-currency syndicated Murabaha facility of $201 million and 96.5 million euros for Turkish bank Asya Katılım Bankası to help fund its regional expansion.

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ABC Islamic Bank posts $6.7m 9-month profit

ABC Islamic Bank today announced a net profit of $6.7 million for the first nine months of 2011, an increase of 320 per cent over the same period last year. Net profit for the third quarter was $1.6 million compared to $2.1 million in the

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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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ABC Islamic Bank posts $6m profit

ABC Islamic Bank today announced that it posted a profit of $6.4 million for the nine-month period ending September 2009. Income for the third quarter was $9.2 million versus $10.6 million for the previous quarter, due largely to lower rat

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ABC Islamic profit soars 60pc

ABC Islamic Bank earned a net profit of $23 million for the first nine months of the year, an increase of 60 per cent over the same period last year. It was also a record nine-month profit in the history of the bank. Total income r

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