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Bahrain’s Sakana records healthy Q1 profit

Posted on 08 May 2009

From Constructionweekonline.com: Bahrain-based Islamic mortgage provider Sakana Holistic Housing Solutions has announced a US $650,000 (BHD 245,000) profit for the Q1 2009, a 126% increase on Q1 2008, according to a company statement released yesterday.

Sakana also revealed a 98% increase in total assets from $55.8 million in March 2008 to $109 million in March 2009. During this period Sakana‚Äôs mortgage book grew by 81% to stand at $88.3 million, the statement said…….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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