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Itqan Capital is a member of Al Baraka Banking Group, an international Islamic bank headquartered in the Kingdom of Bahrain with presence in 15 countries and total assets of $24 billion. Al Baraka is rated BB+ (long-term) and B (short-term) by Standard and Poor's and is listed on the Bahrain and NASDAQ Dubai Stock Exchanges.
The Group offers retail, corporate and investment banking, and treasury services in accordance with Shariah principles. Al Baraka Banking Group's authorized capital is $1.5 billion.
Al Baraka Banking Group has broad geographical presence in the form of subsidiary banking units or representative offices across the Islamic World, providing services through more than 560 branches. These include Jordan Islamic Bank, Al Baraka Islamic Bank, Al Baraka Bank Pakistan, Banque Al Baraka D’Algeria, Al Baraka Bank Sudan, Al Baraka Bank South Africa, Al Baraka Bank Lebanon, Al Baraka Bank Tunisia, Al Baraka Bank Egypt, Al Baraka Turk Participation Bank, Al Baraka Bank Syria, Iraq Branch, along with representative offices in Indonesia, and Libya.
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