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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Albaraka’s Syria unit to go ahead with expansion amid protests

Posted on 01 June 2011

Albaraka Banking Group (BARKA)’s unit in Syria plans to open five branches this year even as a popular uprising in the Arab nation enters its 12th week. Al Baraka Bank Syria will open a branch in the northern city of Aleppo this week, the unit’s Chief Executive Officer Mohammad Halabi said.
The Shariah-compliant bank, which started operations in 2010, has four branches in Syria, according to the company’s website. Al Baraka plans to capture as much as 30 percent of the Islamic finance market by 2013, Halabi said……………………………………….Full Article: Source

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