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Al Baraka to provide Shari’ah-compliant finance to small projects in Egypt

Posted on 17 August 2012

Al Baraka Banking Group has signed the first Islamic partnership contract to finance small projects in Egypt with the World Bank through the Social Fund and Al Baraka Bank Egypt.
Through its banking unit headquartered in Cairo, Al Baraka Bank Egypt, the group aims to expand finance to small projects as “this vital and important sector has become today the highest priority for countries and international financial institutions due to the bloated problem of unemployment,” it said in a statement………………………………………..Full Article: Source

 
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