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

Abu Dhabi Islamic Bank PJSC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024

Basic earnings per share from continuing operations was AED 0.39 compared to AED 0.304 a year ago.

Oman’s NBO Muzn unveils Shariah compliant alternative to bill discounting

Muzn continues to lead the way in Islamic banking innovation, providing tools that enable our clients to manage their financial responsibilities with ease and confidence.”

Bank Nizwa honoured with prestigious awards for outstanding performance and innovation in banking sector

Awarded the ‘Islamic Bank of the Year’ award at the New Age Banking Summit 2024

QIB half-yearly net profit rises 5.6% to QR2,065m

Basic earnings per share for the six months period ended 30 June 2024 is QR0.87

Dhofar Islamic empowers the young with new youth account

With this account, Dhofar Islamic aims to inspire a generation of confident and responsible financial leaders

Islamic banks account for 21% of gross domestic credit: CBUAE

Gross credit extended by CB rose since the beginning of the year to the end of April by 4.3% to $435bln

Nasdaq Dubai Welcomes USD 500 million Sukuk by the Sharjah Islamic Bank

Our vision is to continue innovating and providing excellent financial services that cater to the needs of our diverse clientele.

Emirates Islamic recognised as the ‘Most Innovative Islamic Bank in the UAE’ at Euromoney Islamic Finance Awards 2024

The bank receives prestigious award after pioneering innovation in Islamic banking in the region

Pact signed to promote Islamic finance in Oman

This partnership underscores MSX's dedication to creating a sustainable investment environment in Oman

Domestic and foreign funds lift QSE 34 points; Islamic equities continue to outperform

The foreign institutions turned bullish in the main market, whose year-to-date losses truncated further to 6.22%.

UAE’s ADIB facilitated Dhs5.6bn in sustainable finance in 2023

The Islamic bank recently unveiled 2030 emissions reduction targets for six key portfolio sectors including home and auto finance

Saudi Islamic banks positioned for robust growth amidst economic expansion: Fitch Ratings

Customers’ trust in Islamic banking principles further encourages them to deposit funds in banks that uphold these values.

ADIB and DIFC forge fintech pact

This collaboration establishes a dedicated programme to help ADIB discover and implement cutting-edge FinTech solutions to accelerate innovation within their organisation and external offerings.

Khaleeji Bank launches summer campaign on credit cards with 100% cashback

This exciting offer ensures a rewarding and enjoyable summer vacation for all participants

Saudi Arabia taps debt markets with three-part dollar sukuk sale

Bonds may yield between 85 and 110 basis points more than comparable US Treasuries

BankDhofar Showcases cutting-edge banking solutions at COMEX 2024

Taking place from May 27th to May 30th, 2024, at the Oman Convention and Exhibition Centre

Oman’s Meethaq Sukuk Company SPC repays $118mln sukuk

The sukuk is the second of three issued by the Meethaq Islamic Bank special purpose company

Sharjah Islamic Bank joins 'haifin' platform to combat fraud, support digital transformation in banking sector

They will make a meaningful contribution to the Consortium’s expansion while strengthening the security and transparency of the banking ecosystem by de-risking trade finance and driving digital solutions.

Saudi banks’ money supply surges 8% in March to reach $753bn

These deposits represented the second-largest portion, comprising 30 percent of the total money supply, following demand deposits, which constituted 50 percent at SR1.41 trillion.

Dukhan Bank bags two awards at Global Finance Awards

The criteria for the awards include technological innovation, leadership, brand strength, sustainability, and contributions to the growth of Islamic financing.