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Al Baraka banking group to issue $200 mln in Sukuk for Al Baraka Turkey

Posted on 07 March 2012

Bahrain-based Al Baraka banking group, which operates in 15 countries including Turkey, Syria, Tunisia and Egypt, wants to increase the group’s profits by 15 percent in 2012 and issue $200 million in sukuk bonds for Al Baraka Turkey, the bank’s Turkey arm.
“We expect this year’s profits to be even better than last year’s and foresee a 15 percent increase,” said Al Baraka’s Chief Executive Officer Adnan Ahmed Yousif in an interview with Reuters………………………………………..Full Article: Source

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