From Zawya.com: Banque Albaraka D’Algerie, a subsidiary banking unit of Albaraka Banking Group, announced that it had achieved a big increase in net profits in the first nine months of 2008 which rose by 80%. In the meantime, total assets increased by 39%, finance by 53%, deposits by 32% and shareholders equity by 68%.
The financial results of the Bank for the first nine months of the year revealed that the Bank’s operating income amounted to US$59.38 million compared to US$39.78 million for the same period of last year. …. Full Article: Source