Al Baraka Islamic Bank B.S.C. announced the joining of Abdul Rahman Abdullah Mohammed to the Bank's board after the approval of the Central Bank of Bahrain. Abdul Rahman is currently serving as a member of the Board of Directors of Taib Bank, also was a former member of the Deposit Protection Programme of the Central Bank of Bahrain. The fact that Abdul Rahman is an independent member of the Board of Directors, this reinforces the rules of governance in the Bank.

Al Baraka Islamic Bank B.S.C. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported total operating income of BHD 4,217,634 against BHD 3,831,683 a year ago. Net loss before taxation was BHD 525,331 against net income before taxation of BHD 948,147 a year ago. Net loss was BHD 789,787 against net income of BHD 601,257 a year ago. Net loss attributable to equity shareholders of the parent was BHD 724,094 against net income attributable to equity shareholders of the parent of BHD 427,582 a year ago period. For the six months, the company reported total operating income of BHD 7,744,743 against BHD 8,396,733 a year ago. Net loss before taxation was BHD 1,526,917 against net income before taxation of BHD 1,696,041 a year ago. Net loss was BHD 1,473,502 against net income of BHD 1,282,183 a year ago. Net loss attributable to equity shareholders of the parent was BHD 1,194,515 against net income attributable to equity shareholders of the parent of BHD 1,014,619 a year ago period. Net cash used in operating activities was BHD 76,596,031 against net cash from operating activities of BHD 32,334,159 a year ago period. Net purchase of premises and equipment was BHD 70,219.

AlBaraka Islamic Bank B.S.C. reported earnings results for the second quarter ended June 30, 2011. For the period, the company reported a net income attributable to equity holders of the parent of $33.69 million or 3.90 cents per share compared to $26.72 million, or 3.40 cents per share, for the same period a year ago. Total operating income was $182.95 million, compared to $150.43 million for the same period a year ago. Net income attributable to equity holders of the parent for the six months ended June 30, 2011 was $64.41 million, or 7.46 cents per share, compared to $54.41 million, or 6.93 cents per share, for the six months ended June 30, 2010. Total operating income for the six months ended June 30, 2011 was $352.81 million, compared to $307.41 million for the six months ended June 30, 2010.