Albaraka’s Syria Unit to Go Ahead With Expansion Amid Protests

Albaraka Banking Group (BARKA)’s unit in Syria is going to open five branches this year even as a popular uprising in the Arab nation enters its 12th week.
The Syrian government is looking to end unrest in some parts of the country after protest broke out in the southern city of Daraa in mid March as people demand greater freedom.
That makes the unit’s Chief Executive Officer Mohammad Halabi statement understandable as he said that they have confidence in the Syrian economy and because they believe that the current unrest is only a temporary situation.

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