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

Islamic banking hits 19% of Oman’s banking assets: S&P

The sector comprises two fully fledged Islamic banks: Bank Nizwa and Alizz Islamic Bank — alongside five Islamic windows operated by conventional lenders.

Alinma Bank launches Future Bankers Program in partnership with Kaplan Professional MENA in Riyadh

The Saudi banking app industry is set to surpass SAR 121 billion by 2030

Islamic Banking In Kuwait: A Strong Domestic Franchise

The sector's share of total assets rose to 51% as of May 31, 2026, from 46% in 2020, while the share of domestic credit grew to 53% from 48%.

Jordan Islamic Bank Wins Euromoney Islamic Banking Award

He attributed the achievement to the collective efforts of the bank's board of directors

Dhofar Islamic signs financing agreement with ZL Group for major industrial project at Sohar Port

The agreement highlights Dhofar Islamic’s commitment to financing strategic industrial projects that contribute to Oman’s economic diversification, industrial growth, and Vision 2040 objectives

ADIB and Dubai Department of Economy and Tourism sign agreement to offer SMEs a foundational toolkit for success

The “SME in a Box” platform is designed to make it faster, simpler, and more cost efficient for entrepreneurs to start and operate businesses in Dubai

Alizz Islamic Bank and Sharakah welcome 15 Omani SMEs to the second edition of ‘Alizz business ‘SME development programme

These sessions will provide entrepreneurs with practical business knowledge, expert mentorship, networking opportunities and insights into best practices across a range of business disciplines

Al Baraka Bank Egypt fosters digital banking network with new Alexandria branch

The new branch also marks a key milestone in accelerating the shift of daily transactions to digital channels, ensuring a faster, more flexible banking experience around the clock.

Abu Dhabi Islamic to provide digital home financing for Emiratis

The initiative supports the UAE’s ongoing commitment to homeownership and family well-being

Saudi PIF unit KAFD DMC closes $3.2bln Islamic financing deal

The 15-year senior-secured facility was ‌arranged by ⁠a syndicate ⁠of banks

Dubai Islamic Bank raises $1bn from oversubscribed AT1 sukuk

Investor demand was strong, with the orderbook exceeding $1.85 billion, excluding joint lead manager interest.

Alizz Islamic Bank wins ‘Best Brand in Customer Experience – Islamic Banking’ at Oman CX Awards 2026

Customer experience remains a key strategic pillar for Alizz Islamic Bank and an essential component of its long-term growth strategy.

20th IsDB Global Forum on Islamic Finance to convene in Azerbaijan

The forum serves as a flagship platform for high-level dialogue, convening policymakers, regulators, development practitioners, academics, and industry leaders to advance innovation and development in Islamic finance

Dubai Islamic Bank issues $1 billion Additional Tier 1 perpetual non-call 6-year Sukuk

DIB cements leadership with largest recent AT1 Sukuk at 6.25% profit rate

Bank Nizwa named issue manager and collecting bank for upcoming Sovereign Sukuk Series 11

The bank’s appointment to this prominent role reflects its expertise and leadership in the Islamic finance sector, as well as its ongoing efforts to deliver innovative financial solutions that are fully compliant with the principles of Islamic finan

KFH – Bahrain’s MyHassad wins Most Innovative Islamic Savings Product from The Banker Magazine

A new achievement reflecting its leadership in islamic banking

Al Baraka Islamic Bank achieves positive turnaround with net income of BD12thousand in Q1 2026

Income Before Tax Increases by 13% and Loss Attributable to Shareholders Declines by 66%

GCC sukuk issuance rises 13.1% as Saudi Arabia leads despite conflict concerns

The figures highlight the growing importance of Gulf capital markets in the global Islamic finance industry

GCC sukuk issuance rises 13.1% as Saudi Arabia leads despite conflict concerns

The figures highlight the growing importance of Gulf capital markets in the global Islamic finance industry, with Saudi Arabia continuing to drive sukuk activity through local-currency issuance.

Oman: Meethaq Islamic Banking tops $5.1bln in assets

The fund aims to achieve capital growth and sustainable returns by investing in Sharia-compliant equities across regional markets