Tagged: Adnan Ahmed Yousif

Al Baraka opens new head office in Pakistan

Al Baraka opens new head office in Pakistan

Al Baraka Bank (Pakistan) unveiled its new head office, ‘Al Baraka House’ in the city of Karachi, Pakistan on 20 April 2013. The new building was inaugurated by Chairman Al Baraka Bank Pakistan, Adnan Ahmed Yousif, who is also the President and Chief Executive of Al Baraka Banking Group. Adnan Ahmed Yousif emphasized the global strength of Al Baraka as a global Islamic bank, with presence of over 500 branches in more than 15 countries around the world.

Record Islamic finance deal agreed in in Turkey

Record Islamic finance deal agreed in in Turkey

With the participation of a couple of major international banks, Al Baraka Turk Participation Bank has signed anIslamic finance deal worth $450 million making this a record. 32 banks from 16 countries are included in the facility. Among them are Standa…

Al Baraka planning to buy bank stake

Al Baraka planning to buy bank stake

Bahraini Islamic bank Al Baraka Banking Group set its purpose for 15% growth in net profit this year and wants to buy a 75pc stake in an unlisted Indonesian bank as part of its global expansion plan.
Adnan Ahmed Yousif, Al Baraka’s chief executive, rev…

Tunisia Eyes Sukuk Share

Tunisia Eyes Sukuk Share

Tunisia’s Islamist government is planning to launch the country’s first Islamic bonds (sukuk) this year in order to finance its budget deficit following last year’s uprising.
Adnan Ahmed Yousif, chief executive of Bahrain-based Al Baraka Banking Group,…

ABG acquires Al-Tawfeek shares

ABG acquires Al-Tawfeek shares

Albaraka Banking Group BSC (ABG) has purchased 60 percent of the issued shares of Al-Tawfeek Financial Group through its subsidiary in Bahrain, Al-Baraka Islamic Bank.
Adnan Ahmed Yousif, president and chief executive of ABG, stated that the procedures…

New megabank likely to be based in Bahrain

New megabank likely to be based in Bahrain

Adnan Ahmed Yousif, the chief executive of Al Baraka Bank, stated that discussions are still on about whether a long-touted $3bn Islamic megabank is going to be based in Bahrain or Qatar although a final decision has not yet been made.
It seems that it…

Kamel re-elected ABG chairman

Kamel re-elected ABG chairman

The shareholders of the AlBaraka Banking Group re-elected Saleh Abdullah Kamel as the group’s chairman of the for another three year term during a meeting held at Sheraton Hotel on Wednesday. The shareholders’s meeting was attended by 91% of the gr…