Adnan ahmed yousif biography of william

Al Baraka Banking Group is expanding into new markets and seeking greater share in its home countries, says Adnan Ahmed Yousif, chairman and chief executive.

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Global Finance: How are you performing in North Africa?

Adnan ahmed yousif biography of william

What are the challenging markets, and where are the best opportunities?

Adnan Ahmed Yousif: At present, we have presence in Egypt, Algeria, Tunisia, Sudan, Libya and lately in Morocco (under construction).

All these units are performing very well and expanding in terms of business, branches and revenues. When you take into consideration, on the one hand, that Islamic banking is relatively new in this region, and on the other hand, the size of its markets, it is easy to imagine the huge potential for Islamic banking.

The total population of this area has reached 200 million with total GDP exceeding $1.2 trillion and per capita income averaging $7,000. The economies of these countries ar