Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

GCC banks are well buffered against Iran conflict credit risks

Fitch believes GCC sovereign ratings generally have sufficient headroom to withstand a short regional conflict that does not escalate significantly further

Suez Canal Bank, Alameda partner to integrate premium banking, healthcare services

The partnership reflects the bank’s strategy to broaden its suite of non-financial services, offering clients added value beyond traditional banking products through alliances with leading institutions in key sectors

IsDB announces $2.41bn in new financing for development sectors

The bank also approved €116 million ($135 million) to upgrade Senegal’s Dakar Expressway Project.

KFH – Bahrain announces strategic partnership with Beyon Money

Empowering customers with next-generation Banking-as-a-Service (BaaS) capabilities

Invesco sees stronger demand growth for Shariah-compliant investment funds

Shariah-compliant products attract the attention of investors worldwide

Abu Dhabi Islamic Bank named Best Islamic Bank in the Middle East by EMEA Finance

The award acknowledges the bank’s exceptional achievements in advancing innovation and its outstanding performance in the Islamic banking industry

How Islamic finance could fund the future of space exploration

Sharing risks and profits, Islamic finance can revolutionise investing in space projects

Saudi Arabia raises over $2bn in February sukuk sale: NDMC

The issuance was split into five tranches, with maturities ranging from 2031 to 2041

Baker Botts Transaction Wins Sukuk Deal of the Year at GBM Awards Africa 2026 for the Arab Republic of Egypt

The award follows the firm’s recognition at the Islamic Finance News’ Deal of the Year 2025 Awards, where it was named Best Deal in Oman for advising on Oman’s U.S.$1 billion sovereign Sukuk issuance.

Alizz Islamic Bank reaffirms its leadership in Islamic banking at the 17th IFSB Summit

The Summit marked a significant milestone for Oman’s financial sector

Oman’s Islamic Finance eyes double-digit growth in 2026

Omani Islamic finance set for 2026 growth; Most Dollar issuances sukuk

Oman’s Islamic finance industry set to rise 25% to $45bln in 2026

Fitch expects loan growth of 6-7% on demand from retail and corporate sectors

Bahrain prices $800mln long 8-year sukuk and $1.3bln 12-year bond

The issuances will be listed on the London Stock Exchange

Sharjah Islamic Bank achieves net profit of $272mln in 2025

Income from Islamic financing investments and sukuk increased by AED175.0 million

Islamic bank Mal raises $230M in Gulf’s largest seed round

Getting license approvals either directly from regulators or through acquiring existing banks can be “fraught with compliance and regulatory hurdles

Aafaq rolls out World Elite Mastercard credit card

The launch comes after a 2023 collaboration between Mastercard and Aafaq, when the two joined forces to create new credit, prepaid, and commercial SME offerings.

Sohar Islamic Advances financial inclusion with the opening of its new Bowsher retail branch

This expansion brings the Bank’s total network to twenty branches and two service centres across the Sultanate, marking another strategic milestone in its ongoing efforts to strengthen physical accessibility and extend the reach of Sharia-compliant

Bahrain Islamic Bank signs MoU with University of Technology Bahrain to provide training opportunities for students

Bahrain Islamic Bank will offer training programs for students of the university to help them meet academic graduation requirements

Qatar Islamic Bank officially inaugurates its new head office at QIB Towers, West Bay

The event was hosted by QIB’s Chairman, Board of Directors, Group Chief Executive Officer, and Executive Management, reflecting the strategic importance of this milestone for the Bank and the wider financial sector.

Oman’s Islamic banking assets rise to $24bn on credit growth

The broader banking sector also saw solid credit growth in 2025.