Al Baraka announces Indonesian investment

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In its quest to expand in the Islamic bank industry, Bahraini lender Al Baraka has announced plans to purchase an Indonesian bank at some point this year, for an estimated $100 million. Baraka has expressed an interest in 3 to 4 banks, and plans to make a decision to buy one of them later this year.

Baraka is increasing their presence across Asia and the Middle East.  Turkey and Egypt boast record numbers, and the bank has also announced plans to invest in a Saudi investment firm, though they also haven’t specified which yet.  The deal is a reported $30 to $40 million agreement to boost Baraka’s Islamic investment services branch.

 

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Reading Time: 1 minute

In its quest to expand in the Islamic bank industry, Bahraini lender Al Baraka has announced plans to purchase an Indonesian bank at some point this year, for an estimated $100 million. Baraka has expressed an interest in 3 to 4 banks, and plans to make a decision to buy one of them later this year.

Reading Time: 1 minute

In its quest to expand in the Islamic bank industry, Bahraini lender Al Baraka has announced plans to purchase an Indonesian bank at some point this year, for an estimated $100 million. Baraka has expressed an interest in 3 to 4 banks, and plans to make a decision to buy one of them later this year.

Baraka is increasing their presence across Asia and the Middle East.  Turkey and Egypt boast record numbers, and the bank has also announced plans to invest in a Saudi investment firm, though they also haven’t specified which yet.  The deal is a reported $30 to $40 million agreement to boost Baraka’s Islamic investment services branch.

 

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