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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Islamic banking: Al Baraka expands in hard times

Posted on 09 October 2009

From Euromoney.com: Al Baraka Banking Group already has a network across 12 markets in the Middle East, Africa and Asia, but this pioneer of Islamic mass-market banking is accelerating its expansion at a difficult time.

In October, for example, the bank’s new Syrian subsidiary hopes to raise $35 million on the Damascus stock market and bring its total capital to $100 million………………..Full Article: Source

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