01.02.2013 - Islamic bank Al Baraka launches full foreign exchange service in SA
Durban-based Al Baraka Bank is moving into the commercial banking market with the launch of a full international foreign exchange service. "We are one of only 24 institutions in South Africa that will be offering this complete product bouquet in international banking," the bank’s GM for international banking, Mohammed Kaka, said on Wednesday. The Islamic bank has been an "authorised dealer with limited authority" for retail foreign exchange, offering to purchase and sell foreign bank notes to clients at 0% commission, since 2008...............................................Full Article: Source
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