Albaraka Türk has authorized a number of leading banks to arrange a a $250 million dual-currency syndicated finance facility. This facility shall be used for the expansion of Albaraka Türk’s financing activities in Turkey. The tenor of the facility i…
ABC Islamic Bank presented a net profit of $8.1 million for 2011, 293% higher than last year. Shareholders’ equity at 31 December 2011 was $227.7 million, compared to $219.8 million at 2010 year-end. The bank’s capital base is still very strong with a …
Albaraka Türk Kat?l?m Bankas? A.?. (“Albaraka Türk”) has authorized ABC Islamic Bank, Emirates NBD Bank, Noor Islamic Bank and Standard Chartered Bank (together the “Initial Mandated Lead Arrangers” and the “Bookrunners”) to arrange a $15…
Kuwait’s indebted The Investment Dar Company held its first face-to-face meeting with the reconstituted Coordinating Committee last Thursday in Dubai.
At the meeting, the documentation relating to the official engagement of the committee was finalised,…
ABC Islamic Bank announced a net profit of $1.6 million for the nine months ending 30th September 2010.
Shareholders’ equity at 30 September 2010 stood at $181 million.
ABC Islamic Bank today announced a net profit of $1.8 million for the first quarter of 2010 compared to $5.6 million for the first quarter of last year.
Commenting on the results, Mr. Naveed Khan, Managing Director, said, “ABC Islamic maintained a p…
Albaraka Türk Katilim Bankasi A.S. (Al Baraka Turk), a subsidiary-banking unit of Al Baraka Banking Group BSC (ABG), signed a $240 million syndicated Islamic financing in Istanbul. Twenty two GCC, European and international banks (both Islamic and con…
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