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Islamic Finance Briefing - Categorized | Banking, Performance more

Al Baraka Islamic Bank net income soars by 249pct

Posted on 17 November 2011

Al Baraka Islamic Bank BSC, a subsidiary banking unit of Al Baraka Banking Group, announced that it continued to achieve excellent results during the first nine months of 2011. The financial statements of the Bank for the first nine months of 2011 show that net income has amounted to BD 1.36 million during the first nine months of 2011 compared to BD 388 thousand during the same period of 2010, a significant increase of 249%.
This reflects a substantial improvement in the total income of the bank which amounted to BD 12.09 million, compared to BD 8.25 million during the first nine months of 2010, an increase of 46.54%. (Press Release)

 
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