22.02.2013 - Al Baraka net income surges 11pct to $235mln
Al Baraka Banking Group (ABG) achieved a net income of $235 million last year, a noticeable increase of 11 per cent on what it achieved in 2011. Total assets also increased by 11pc, total financing and investments by 21pc, deposits including equity of investment account-holders by 12pc and total equity by 9pc. "This was not possible without the strong financial means, human resources and technical capabilities possessed by the group, as well as its commitment to the Islamic banking model that impose the hard work for the reconstruction of the societies and serve the communities in which it operates," said chairman Shaikh Saleh Abdullah Kamel........................................Full Article: Source
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