Al Baraka announces Indonesian investment

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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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...

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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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