Financial and Banking News
Two al-Baraka Financial Companies Plan Huge Capital Increases
Two Bahrain-based investment companies, both owned by the al-BarakaInvestment and Development Company, are planning huge capital increases. Al-TawfikInvestment Fund and al-Amin Securities Company will each raise their paid-incapital to $300mn. They are presently capitalized at $20mn and $40mnrespectively. Both companies operate according to the principles of Islamic...