Islamic bank Al Baraka launches full foreign exchange service in SA

DURBAN-based Al Baraka Bank launched a full international foreign exchange service and now offers a full range of international banking services. As part of the Al Baraka Banking Group it can leverage off the group and its 14 subsidiaries around the world. According to the bank's CE Shabir Chohan, the full foreign exchange service coupled with the recently launched chequebook facility will position the bank as a competitive commercial bank in South Africa.

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