Tagged: Al Baraka

Islamic financing rises 27% to USD1.1trn in 1 year

Islamic financing rises 27% to USD1.1trn in 1 year

According to Adil Dahlawi, CEO and Managing Director of Itqan Capital, the Islamic banking sector will witness an increasing demand as Islamic financing jumped 27 percent in one year to $1.1 trillion from $800 billion. He noted that one of the most pro…

Islamic financing rises 27% to USD1.1trn in 1 year

Islamic financing rises 27% to USD1.1trn in 1 year

According to Adil Dahlawi, CEO and Managing Director of Itqan Capital, the Islamic banking sector will witness an increasing demand as Islamic financing jumped 27 percent in one year to $1.1 trillion from $800 billion. He noted that one of the most pro…

Turkey: Islamic Banking Offering Different Model

Turkey: Islamic Banking Offering Different Model

Earlier this year, the Istanbul Stock Exchange issued an index of Sharia compliant banks and companies. That attracted the media very much.
It has been made clear that these banks do not charge interest, or “riba”, because it is forbidden according…

Al Baraka planning to buy firm in Saudi push

Al Baraka planning to buy firm in Saudi push

Bahrain’s Islamic lender Al Baraka yesterday said it planned to enter the Saudi Arabian market through an acquisition of an Islamic investment company there, valued at around 300 million Saudi riyals ($80m). Al Baraka did not disclose the name of the S…