Saturday 25 June 2016
 
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Al Baraka

Al Baraka Q1 net income surges to $38m

Al Baraka Banking Group (ABG), a Bahrain-based leading Islamic bank, announced it achieved 16 per cent increase in total operating income and 13 per cent increase in net profits before tax and provisions during the first quarter the year, report

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Jordan Islamic Bank posts $16.5m Q1 profit

Jordan Islamic Bank (JIB), a subsidiary of Al Baraka Banking Group (ABG), posted a profit after tax of $16.5 million in the first quarter of 2016 compared with $16.1 million for the first quarter of 2015, a growth of three per cent, reported the

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Al Baraka to pay $22m dividend to shareholders

Shareholders of Al Baraka Banking Group (ABG) have approved the distribution of $22.1 million as cash dividend, amounting to two cents for each share equal to two per cent of the par value of the share, and to transfer of $124.3 million to the

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Al Baraka units win Islamic Finance awards

Al Baraka Banking Group, a Bahrain-based leading Islamic banking group, said five of its units won Islamic Finance News Awards 2015 as the ‘Best Islamic Banks’ in the region through the annual comprehensive referendum, conducted by

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Al Baraka Banking Group Q4 profit up 15pc

Al Baraka Banking Group Q4 profit up 15pc MANAMA Al Baraka Banking Group, the Bahrain-based Islamic lender with operations in more than a dozen countries, reported a 15 per cent rise in fourth-quarter net pr

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Al Baraka Egypt profit surges 18pc

Al Baraka Bank Egypt, a subsidiary of Bahrain-based Al Baraka Group (ABG), has reported an 18 per cent rise in net profit for last year at $35 million. A statement said total assets increased by 30 per cent, financing and investments portfolio

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Al Baraka eyes French, Indonesian markets

Bahrain's Al Baraka Islamic Bank plans to open a sharia-compliant bank in France next year as the lender seeks to expand into Europe, its chief executive Adnan Ahmed Yousif said on Sunday. France has one of the largest Muslim

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Al Baraka’s Sudan unit gets ratings boost

Bahrain-based Islamic International Rating Agency (IIRA) has assigned national scale investment grade credit ratings of A- to Al Baraka Bank Sudan (ABBS), an Al Baraka Banking Group (ABG) majority-owned subsidiary in Sudan.  

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Al Baraka Turk net profit up 16pc

Al Baraka Turk Participation Bank, a subsidiary of Bahrain-based Al Baraka Banking Group (ABG), has announced it has achieved an increase of 16 per cent in net profit in the first nine months of the year compared with the same period last year

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Al Baraka's ratings reaffirmed by top agencies

Bahrain-based Al Baraka Banking Group (ABG) said Dagong Global Credit Rating Company and Islamic International Rating Agency (IIRA) have jointly reaffirmed its international investment grade credit rating at 'BBB+/A3' (Triple B Plus /

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