Dagong Global Credit Rating Company and Islamic International Rating Agency (IIRA) have jointly assessed the international scale credit rating of Al Baraka Banking Group (ABG) at 'BBB+/A3' (Triple B Plus / A Three).
Bahrain-based Al Baraka Banking Group (ABG) and five of its subsidiary banking units received the 'Best Islamic Financial Institution' Award of 2014, as part of the annual awards from the Global Finance magazine.
The Pakistani unit of Bahrain's Al Baraka Banking Group has raised two billion rupees ($19.5 million) via the country's first issuance of subordinated sukuk, or Islamic bonds, a bank official said.
With Basel III global ba
Al Baraka Banking Group (ABG), a Bahrain-based Islamic banking group, has appointed Mohammed Abdullah El Qaq as senior vice-president and head of commercial banking.
El Qaq has more than 22 years of experience in commercial bankin
Al Baraka Banking Group (ABG), a Bahrain-based Islamic bank, has reported net profit of $143 million for the first half of the year.
While balance sheet items increased moderately. Total assets increased by five per cent, total financin
Bahrain-based Al Baraka Banking Group (ABG) is collaborating with the World Bank for research into risk management and enabling environment in Islamic finance.
The partnership's first initiative, part of a planned series of research
Al Baraka Islamic Bank has launched a new promotional campaign in collaboration with Harley-Davidson Motorcycle Bahrain which will run until Eid Al Fitr.
Competitive financing profit, free insurance and registration for 2014 model
Bahrain-based Al Baraka Banking Group said it is considering issuing subordinated Islamic bonds through its South African and Pakistani units to boost their regulatory capital.
The Islamic bank's plans come at a time when sove
Al Baraka Bank Tunis, a subsidiary banking unit of Al Baraka Banking Group (ABG), said its net income for last year increased by 25 per cent to $6.5 million.
Total income stood at $30 million, increasing by 8 per cent compared wit