Saturday 23 August 2014
 
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Al Baraka

Al Baraka Group posts $143m net profit

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

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Al Baraka-World Bank in key research partnership

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

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Al Baraka launches new savings account

Bahrain-based Al Baraka Islamic Bank has launched a new investment saving account named "alBarakat."   Compatible with Sharia, it qualifies the account holder to enter a periodic raffle

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Al Baraka launches key Harley-Davidson promotion

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

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Al Baraka plans sukuk in S Africa, Pakistan

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

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Al Baraka Tunis income up 25pc

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

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Jordan Islamic Bank posts $14.7m profit

Jordan Islamic Bank (JIB), a subsidiary of Bahrain-based Al Baraka Banking Group, posted a net profit of $14.71 million for the first quarter as against $14.68 million during the same period last year. Al Baraka Banking Group pres

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Al Baraka to distribute $36.69m cash dividend

Al Baraka Banking Group will today start distributing $36.69 million cash dividend for 2013 to its shareholders. Shareholders entitled according to the register are as of the Annual General Meeting dated March 23. The dividend pay

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Batelco to provide ICT solutions to Al Baraka HQ

Batelco, the leading telecom company in Bahrain, has signed an agreement with Al Baraka Banking Group (ABG), to provide ICT Infrastructure and system works for Al Baraka’s ABG Towers Project, the Group’s new headquarters at Bahrain B

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Al Baraka approves $82m cash dividends

Al Baraka Banking Group (ABG) shareholders have approved cash dividend payout and bonus share issue amounting to $82.3 million besides the bank's move to raise its capital to $1.09 billion. This came about during the Bahrain-b

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