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UAE cuts mortgage lender Amlak’s debt by $1.1B

UAE cuts mortgage lender Amlak’s debt by $1.1B

The federal government has cut struggling Islamic lender Amlak's debt burden by $1.1 billion, the UAE economy minister said on Tuesday, in the latest effort to revive the Dubai mortgage provider whose stock has been halted since 2008.

March 20, 2012 10:59
 
Bahrain's Al Baraka eyes more growth in Asia Pacific

Bahrain's Al Baraka eyes more growth in Asia Pacific

Bahraini Islamic lender Al Baraka Banking Group aims for 15-percent growth in net profit this year and plans to buy a 75-percent stake in an unlisted Indonesian bank as part of its global expansion plan.

March 4, 2012 11:17
 
Bahrain’s Al Baraka eyes more growth in Asia Pacific

Bahrain’s Al Baraka eyes more growth in Asia Pacific

Bahraini Islamic lender Al Baraka Banking Group aims for 15-percent growth in net profit this year and plans to buy a 75-percent stake in an unlisted Indonesian bank as part of its global expansion plan.

March 4, 2012 11:17
 
Bahrain’s Al Baraka Banking Group posts flat Q4 profit

Bahrain’s Al Baraka Banking Group posts flat Q4 profit

Bahraini Islamic lender Al Baraka Banking Group made a fourth-quarter net profit of $46 million, unchanged on the same period in 2010, the bank said in a statement on Thursday.

February 25, 2012 1:26
 
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