al baraka banking group
al baraka banking group organization al... - albaraka egypt bank | facebook
al baraka banking group b. s. c (abg) and al baraka islamic bank b. s. c
al baraka banking group obtain a license to establish a new bank in morocco | al baraka bank (pakistan) ltd .
al baraka banking group b. s. c, united nations sign letter of intent
annual general meeting of al baraka banking group approves cash dividend payouts and bonus shares t ...
al baraka banking group (b. s. c) is looking to strengthen relations with iraqi banks
the group has a wide geographical presence in the form of subsidiary banking units and representative offices in thirteen countries, which in turn provide their services through more than 300 branches. these banking units are jordan islamic bank, al baraka islamic bank â€“ bahrain, al baraka islamic bank â€“ pakistan, banque al baraka d' algerie, al baraka bank sudan, al baraka bank limited - south africa, al baraka bank lebanon, al baraka bank tunisia, al baraka bank egypt, al baraka turk participation bank - turkey, al baraka bank syria and group representative offices in indonesia and libya (under formation) .
©copyright 2018 al baraka banking group (licensed as an islamic wholesale bank by cbb), all rights reserved .
net income attributable to al baraka banking group' s shareholders increase by 3% to us $ 35 million i ...
al baraka banking group and the bank of london & the middle east (blme) sign a memorandum of underst ...
mr. yousif has more than 40 years' international banking experience. he has been a director of abg since inception and the president & chief executive since august 2004. he is the chairman of jordan islamic bank, banque al baraka d' algerie, al baraka turk participation bank, al baraka bank ltd. , south africa, al baraka bank egypt, al baraka bank lebanon, al baraka bank syria, al baraka bank sudan and al baraka bank (pakistan) ltd, vice chairman of al baraka islamic bank, bahrain and director of al baraka bank tunisia and itqan capital. mr. yousif holds a master of business administration degree from the university of hull, uk .
al baraka banking group was evolved from the need to have a truly global islamic banking service for the arab world and muslims worldwide. al baraka group has successfully synergized vastly successful islamic banks and financial services companies in the middle east, and north and south africa... more
al baraka banking group, b. s. c (abg), the leading bahrain - based banking group, has signed a memorandum of understanding (mou) with the libyan foreign bank (lfb), the leading arab bank in africa, to collaborate in all banking areas .
the mou was signed by mr. adnan ahmed yousif, president & chief executive of abg and chairman of al baraka türk participation bank on behalf of al baraka banking group and mr. mohamed mohamed a. ben yousef, general manager of lfb on behalf of the libyan foreign bank .
the bahrain based leading islamic banking group al baraka banking group b. s. c. (abg) and five of its subsidiary banking units received the
best islamic financial institution
award of 2013, as part of the annual awards that the global finance magazine, which is specialized in banking and finance, awards to international banks and financial institutions. al baraka banking group received the
best islamic financial institution in middle east / africa
award, al baraka bank lebanon received the
best islamic financial institution in lebanon
award, jordan islamic bank received the
best islamic financial institution in jordan
award as well as
best islamic retail bank in jordan
award, al baraka bank limited received the
best islamic financial institution in south africa
award, al baraka islamic bank bahrain received the
best islamic financial institution in bahrain
award and banque al baraka d' algerie received the
best islamic financial institution in algeria
award .
al baraka banking group (b. s. c) is jointly rated bbb + (long term) / a3 (short term) on the international scale with a stable outlook ...
bahrain al baraka banking group (licensed as an islamic wholesale bank by cbb) p. o. box 1882, manama, kingdom of bahrain tel: + 973 17541122 fax: + 973 17536533
al baraka banking group, representative office, indonesia ravindo building, 10th floor, jalan kebon sirih, no. 75, jakarta pusat 10340, indonesia tel: + 62 213161345 fax: + 62 213161074
al baraka offers retail, corporate, treasury and investment banking services, strictly in accordance with the principles of the islamic shari' a. the authorized capital of al baraka is us $ 1. 5 billion, while total equity is at about us $
© 2018 al baraka bank (pakistan) limited all rights reserved. last update: july 2, 2018
the signing ceremony was held at the headquarters of al baraka türk participation bank at the attendance of a number of officials in the two institutions led by mr. meliksah utku the general manager of al baraka türk participation bank .
the bahrain based leading islamic banking group, al baraka banking group b. s. c (abg) announced that it obtained the approval of the bank al maghrib (the central bank of morocco) to establish a new bank in morocco. thus, the group completed its presence in all the countries of the maghreb, where it now owns banking subsidiaries in in algeria, tunisia, libya and morocco, as well as the african continent in egypt, sudan and south africa. the group has already obtained the approval of the central bank of bahrain to establish this bank
to be the leading islamic banking group with a world wide presence, offering; retail, commercial, investment banking, and treasury services strictly in accordance with the principles of sharia .
mr. adnan ahmed yousif, board member and president & chief executive of al baraka banking group said
the subsidiary banking units of our group, through their long history in countries where they operate, have come to be amongst the leading financial institutions in servicing their communities and are most established in terms of their expertise and knowledge of the local markets, which reflect the success of al baraka banking group' s vision and strategy which are based on enhancing the positions of subsidiary units, strengthening their capital resources and creating strong business relationships between the units, as well as coordinating the business policies and the management of risks and operations and other factors, which create strong and consolidated group
.
the awards were received by mr. adnan ahmed yousif, board member and president & chief executive of al baraka banking group on behalf of the wining group' s units in a ceremony held in washington at the same time as the annual meetings of the international monetary fund (imf) and world bank and was attended by large audience of regional and international officials and banking leaders .
the new bank will carry the name of al baraka bank morocco, in partnership with the moroccan bank for foreign commerce of africa (bmce bank), which is one of the oldest and largest private moroccan banks, which was founded in 1959 and located in 22 countries. the new bank will be under the management of al baraka banking group and will operate within its network of subsidiary banking units, which are currently located in 15 countries and in turn own more than 700 branches .
to consolidate the diverse banks in the group in order to pursue a uniform group strategy in their respective countries, whilst retaining their individual identities .
© al baraka islamic bank b. s. c. (c) (licensed as an islamic retail bank by cbb) all rights reserved
al baraka islamic bank - bahrain (aib - bahrain) established 1984 in bahrain and up the years has pioneered the development of isl ...
on this momentous occasion, he sheikh saleh abdulla kamel, chairman of al baraka banking group said :
we are very happy with the achievement of abg and five of our banking units in winning this international award, which reflects the leading status that abg enjoys after successful career filled with achievements over the last ten years from one side and the excellent banking position that these units occupy in their countries, their distinguished performance and services, and good reputation in the islamic banking sector locally, regionally and globally from the other side
.
on this occasion, he sheikh saleh abdullah kamel, chairman of al baraka banking group said, “we are very pleased to complete the regulatory approvals to establish al baraka bank morocco after obtaining the license from the central bank of morocco. by this we accomplished an important strategic step in the implementation of our future program to cover all major countries in the maghreb by our presence and banking services, and at the same time to expand in the african continent. we intend to take further initiatives in the future towards achieving this goal. ”
the mou aims to establish a close cooperation framework through which the two parties can activate joint initiatives and banking activities, as well as prepare technical cooperation programs in the future. it also includes the exchange of knowledge by al baraka banking group, which will benefit the libyan foreign bank in the field of islamic banking, enhance cooperation in correspondent banking and commercial finance operations between the two banks as “preferred trading partners”, and further cooperation in liquidity management, investments, exchanging information and ideas and making use of the network of resources available to each party .
for his part, mr. adnan ahmed yousif, member of the board and president and chief executive of al baraka banking group said that entering the moroccan market is a very important achievement, which is considered one of the major markets in the maghreb and africa, and will achieve greater diversity in building assets portfolios and revenue sources for the group, especially that we intend to employ our deep - rooted and unique islamic banking expertise, the extensive banking network of our units and our strong technical, human and financial resources to the success of our presence there. in addition, our banking partnership with one of the oldest and largest moroccan banks is a high added value for the new bank .
mr. hamad a. al oqab has over 22 years' experience in finance and auditing. he is chairman of the accounting standards board of the accounting and auditing organization for islamic financial institutions (aaoifi). he is also a member of the boards of al baraka turk participation bank, jordan islamic bank and banque al baraka d' algerie, algeria; in addition he serves as chairman of the audit committee of al baraka turk participation bank, as well as being a member of the audit committees of jordan islamic bank and banque al baraka dalgerie and a member of the social responsibility committee of jordan islamic bank. before joining abg in february 2005 he worked at shamil bank as senior manager, internal audit. prior to this he was a member of the audit team at arthur andersen. mr. hamad al oqab is a certified public accountant (cpa) and a chartered global management accountant (cgma) .
the group has a wide geographical presence in the form of subsidiary banking units and representative offices in fifteen countries, which in turn provide their services through more than 450 branches. al baraka currently has a strong presence in jordan, tunisia, sudan, turkey, bahrain, egypt, algeria, pakistan, south africa, lebanon, syria, indonesia, libya, iraq and saudi arabia .
the group has a wide geographical presence in the form of subsidiary banking units and representative offices in fifteen countries, which in turn provide their services through more than 700 branches. al baraka is currently having a strong presence in jordan, tunisia, sudan, turkey, bahrain, egypt, algeria, pakistan, south africa, lebanon, syria, indonesia, libya, iraq and saudi arabia .
the group has a wide geographical presence in the form of subsidiary banking units and representative offices in fifteen countries, which in turn provide their services through more than 400 branches. al baraka is currently having a strong presence in jordan, tunisia, sudan, turkey, bahrain, egypt, algeria, pakistan, south africa, lebanon, syria, indonesia, libya, iraq and saudi arabia .
lebanon al baraka bank lebanon s. a. l 2nd floor, center verdan 2000, rashid karameh street, verdan, beirut, lebanon tel: + 9611 - 808008 fax: + 9611 - 806499
the group has a wide geographical presence in the form of subsidiary banking units and representative offices in fifteen countries, which in turn provide their services through over 700 branches. al baraka currently has a strong presence in turkey, jordan, egypt, algeria, tunisia, sudan, bahrain, pakistan, south africa, lebanon, syria, iraq and saudi arabia, including two representative offices in indonesia and libya .
37 years, through our banking unit there, al baraka bank egypt, we are very pleased to provide the main support and sponsorship of the bahrain - egypt expo, which we all look forward to its success and achieving its goals in diversification of trade and investment relations between the two brotherly countries .
â€śin addition to enhancing our relations with our partners, investors and customers we have focused over the past period on modernizing and developing the human, operational, regulatory and technical infrastructures at the group and subsidiary banking units' levels. we are pleased that a number of banking unit had received many international awards as a result of their excellence and achievementsâ€ť. in concluding his statement, the president & chief executive of abg praised the great efforts exerted by the executive management at head office and the executive management teams at the subsidiary banking units of the group and other concerned parties that led to achieving such excellent results by the group .
to utilize the group' s geographical presence to distribute its products and services and promote cross border services .
on the occasion, mr. adnan ahmed yousif, board member and president & chief executive of al baraka banking group, said :
based on the importance of the historical and deep relations between the kingdom of bahrain and the arab republic of egypt, we are keen to do everything in our power to promote and develop these relations in all fields. given also our wide existence in the egyptian market, which is witnessing a remarkable boom, since
al baraka banking group (b. s. c) is licensed as an islamic wholesale bank by the central bank of bahrain, listed on bahrain bourse and nasdaq dubai stock exchanges. it is a leading international islamic banking group providing its unique services in countries with a population totaling around one billion. it is jointly rated bbb + (long term) / a3 (short term) on the international scale and a + (bh) (long term) / a2 (bh) (short term) on the national by islamic international rating agency & dagong global credit rating company limited, and by standard & poor’s at bb + (long term) / b (short term) .
â€śwe also with the grace of allah obtained all the regulatory approvals for merging the branches of al baraka islamic bank in pakistan with emirates global islamic bank - pakistan under the name of al baraka bank of pakistan. the merger will lead to the emergence of a bank that has assets in excess of us $ 582 million and a network of 89 branches covering all major cities and regions in pakistan. this step comes as part of the group' s strategy to strengthen its presence and operations in promising islamic markets. the merger will create a high value - addition not just for the merged financial institutions, but also for the banking and financial market in pakistan which is considered one of the most important markets in the muslim world
.
branches. al baraka currently has a strong presence in turkey, jordan, egypt, algeria, tunisia, sudan, bahrain, pakistan, south africa, lebanon, syria, iraq and saudi arabia, including two representative offices in indonesia and libya .
mr. el qaq has over 24 years of experience in commercial banking. before joining abg in august 2014, mr. el qaq was general manager, international banking & syndications at commercial bank of kuwait, prior to which he was a first vice president at arab banking corporation (b. s. c .), bahrain, deputy chief executive & head of corporate banking group at arab banking corporation (jordan), in addition to serving as member of the board of directors of abc islamic bank 2009 - 2012. having commenced his career with the housing bank for trade and finance, jordan in 1990, he subsequently worked with arab bank at its head office in jordan and qatar national bank in qatar. mr. el qaq holds a master of business administration degree from howard university, usa .
abg' s indonesia representative office assesses and reports on the potential for the group to do business in the country or to consider the acquisition of suitable local bank / s. the representative office is also responsible for maintaining contact with regulators and major banking groups in indonesia and for preserving the image and brand value of the group. with trade flows between indonesia and many of the countries where the group operates continuing to grow, the representative office pro - actively identifies business opportunities and generates leads that are directed towards abg subsidiaries .
for his part, mr. mohammed isa al mutaweh, board member and chief executive officer of al baraka islamic bank said
we at al baraka islamic bank are pleased to sponsor the bahrain - egypt expo and look forward to the success of the exhibition as it makes a strong contribution to strengthening the brotherly relations between bahrain and egypt. it is our responsibility to support all that contributes to the progress of the kingdom' s economy, especially through the development of trade and investment relations with its sisters from the arab countries, and we have strong ties with the egyptian market, and are looking forward to further enhance our joint work and cooperation with our partners there .
mr. yousif concluded his statement by expressing his thanks and appreciation to the executive managements and all employees of abg and the five banking units for their continuing efforts in raising the status of their units and the group as a whole at the local, regional and international levels .
the winning of these awards by abg and its five subsidiary banking units was announced in a final result statement by the magazine' s award committee, which included in its membership, a number of economists and editors of global finance, international financial advisors and a number of bank managers and experts in the field of banking. abg and its five banking units received these awards for their prominent role in the islamic banking sector, their ability to achieve consistent growth in the future and meeting professional standards in terms of the quality of products and services offered to clients, as well as for their originality and innovation in services and customer service, continued development and innovation in banking operations and other important criteria such as strategic relationships, geographic reach, profitability and robustness of financial position .
mr. shehab has over 40 years of banking experience with various international financial institutions, both islamic and conventional. he is a member of the boards of banque al baraka d' algerie, algeria and al baraka bank (pakistan) ltd. , pakistan. before joining abg in 2006 he was assistant chief executive officer - operations at bahrain islamic bank, which he joined following a successful career at faysal islamic bank of bahrain (now ithmaar bank), prior to which he worked at bahrain middle east bank and the bahrain offices of american express bank, bank of america and chase manhattan bank, after having commenced his career with habib bank ltd. in 1973. mr. shehab holds a master of business administration degree from hull university, uk .
mr. alabdulmohsen started his career in the central bank of bahrain then joined albaraka banking group in 2009 in the treasury and investments department. he started as a money market dealer then managed the banks' sukuk portfolio. he holds a b. s. in business administration with a concentration in accounting and finance from the american university of sharjah and is a cfa level ii candidate .
the growth in the operating assets of the group enabled it to achieve good profit results during the first half of the year 2010. total operating income amounted to us $ 307 million in the first half of 2010 compared with us $ 302 million for the first half of 2009, which reflects an increase of 2% . after deducting all operating expenses, which increased as a result of the group' s continued spending on expanding its network of branches and upgrading the it infrastructure of the group and the units as well as expenses associated with the launch of the new identity of the group and building up precautionary provisions of affiliate units, the net income of the group amounted to us $ 95 million in the first half of 2010, an increase of 3% over the net income of us $ 92 million for the first half of year 2009. the net income attributable to the shareholders' equity of the parent company for the first half of 2010 increased by 10% to reach us $ 54 million compared with us $ 49 million for same period last year .
as with regard to the quarterly financial results for the second quarter of this year 2010, the group' s total operating income amounted to us $ 150 million during the second quarter of 2010 compared with us $ 163 million for the second quarter of 2009, while group net income amounted to us $ 47 million in the second quarter of 2010 compared with us $ 49 million for the second quarter of 2009. the net income attributable to the shareholders' equity of the parent company for the second quarter of this year amounted to us $ 27 million compared with us $ 25 million for the same period last year, an increase of 5% .
mr. adnan ahmed yousif added that
the first half of the year also saw the completion of the launch of abg new identity, the last of which was completed in sudan, egypt and jordan, and as a result all the banks of the group now carry the abg logo and identity. the new identity, in line with the philosophy on which it is based, requires us to adopt a set of policies and high ethical and professional standards with regard to the offering of innovative and efficient sharia - compliant services and products. to achieve this, we put in place a number of programs and plans which are currently being implemented to embody the theme of the new identity of the group in being partner bank to our customers, investors, and all our stakeholders
.
the total assets of the group amounted to us $ 13. 6 billion as at the end of june 2010, compared with us $ 13. 2 billion as at the end of december 2009, representing a growth of 3% . this increase has been reflected in the growth of operating assets (financing and investments) which increased by 2% to reach us $ 9. 6 billion in total as at the end of june 2010. customer deposit and other accounts and unrestricted investment accounts witnessed a consistent growth and increased by 4% from us $ 11 billion as at the end of december 2009 to us $ 11. 4 billion as at the end of june 2010, which reflects continued trust and loyalty of customers in the group. total equity amounted to us $ 1. 7 billion as at the end of june 2010 .
albaraka turk participation bank raises additional tier 1 capital by successfully issuing the turki ...
note: profitability rates of growth are for the first half of 2010 compared with the first half of 2009, while growth rates of balance sheet items are for june 2010 compared with december 2009 .
indonesia' s economic growth rate in 2015 is estimated at 4. 7% , down a little from 5. 0% in 2014. the current account deficit was once more reduced, to - 2. 0% from - 3. 1% of gdp, while the budget deficit remained little changed at - 2. 0% of gdp. the rate of inflation rose to 6. 2% from 4. 8% the year before .
ms. nurul bariah chief representative ravindo building, 10th floor, jalan kebon sirih, no. 75, jakarta pusat 10340, indonesia tel: + 62 21 316 1345 fax: + 62 21 316 1074 to locate our braches please go on e - network .
for inquiries related to this message please contact support. for sales inquiries, please visit urltoken
if you believe this to be in error, please confirm below that you are not a robot by clicking
i' m not a robot
below .
please make sure your browser supports javascript and cookies and that you are not blocking them from loading. for more information you can review the terms of service and cookie policy .
to provide innovative and high quality research and development into islamic financial products which comply fully with the principles of shari' a law and islamic values, for the benefit of its customers .
current accounts: on demand accounts are not entitled to receive profits but do not bear any loss either. they are designed speci ...
murabaha is an islamic form of asset financing and has a fixed term and a pre - determined profit. in a murabaha the bank buys a spe ...
bahrain tourism and exhibitions authority, bahrain bourse and the bahrain authority of culture and antiquities .
it is expected that the major companies and many of the major economic ministries, institutions and bodies in egypt and bahrain will participate in the expo pavilions, which will attract senior officials in the kingdom, businessmen and representatives of major companies from the bahraini and egyptian sides. it will also include many important economic and investment sectors including industrial, financial and investment, pharmaceutical and medical, traditional and therapeutic tourism, real estate and engineering, textiles and carpets, furniture, food industry, jewelry and other business sectors .
we offer a wide range of procedures to help you, call us on below contact number .
africa | bangladesh | gulf | pakistan zrg international offers products and solutions directly and through a network of partners. our corporate office is located in karachi, the commercial capital of pakistan. the corporate head office deals with sales, marketing, support, development and dealer relations .
html public
- / / w3c / / dtd xhtml 1. 0 transitional / / en
urltoken
comments reflect the opinions of the visitor and not those of libyan express, its editorial board or staff .
copyright © 2018. libyan express – libya news, opinion, analysis and latest updates from libya. all rights reserved. | privacy policy
al baraka banking group was formed in 2002 in manama , bahrain . the company is listed on the bahrain stock exchange and nasdaq dubai , the group offers retail , corporate and investment banking and treasury services in accordance with the principles of the shari'a in 15 countries . 
al baraka banking group was formed in 2002 in manama, bahrain. the company is listed on the bahrain stock exchange and nasdaq dubai, the group offers retail, corporate and investment banking and treasury services in accordance with the principles of the shari'a in 15 countries.
al baraka banking group was formed in 2002 in manama, bahrain. the company is listed on the bahrain stock exchange and nasdaq dubai, the group offers retail, corporate and investment banking and treasury services in accordance with the principles of the shari'a in 15 countries.