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

Dubai Islamic Bank surpasses $100b in assets on strong H1 growth

Net profit for the six months ended June stood at Dh3.7 billion, a 10% increase from a year earlier

DIB Reports robust H1’25 financial results, with operating revenue of AED6.4bln driving a 16% increase in pre-tax profit to AED4.3bln

Double-digit growth in financing and customer deposits

IsDB drives development across over 2 percent of world’s countries

The bank was founded through a visionary initiative led by Saudi King Faisal bin Abdulaziz

Backbase, the global leader in AI-powered banking technology, today announced the recent

As a digitally focused bank, LIB set out to differentiate itself through an experience-led approach to banking.

QIIB wins 2025 “Leadership Award for Sustainable Islamic Finance” in Qatar

The bank was also commended for its pioneering initiatives in developing products that are in line with the principles of sustainable Islamic finance.

Amlak Finance announces early and full settlement of outstanding financing facilities

Amlak successfully made an early settlement by paying AED 898 million to the six remaining financiers

S&P reaffirms ICIEC’s AA- financial strength and issuer credit rating with Stable outlook

This rating remains the highest within its peer group globally

Dubai Islamic Bank arranges $1bln sovereign financing for Government of Pakistan

The five-year facility is an innovative transaction, partially guaranteed by a Policy-Based Guarantee (PBG) from the Asian Development Bank (ADB) — marking the first PBG transaction of its kind undertaken by ADB for the country.

Sukuk issuances: AAOIFI unlikely to implement Standard 62 this year

The world of Islamic capital markets is anxiously awaiting the final version of Standard 62, which in its draft exposure emphasised ownership transfer of assets and asked for detailed treatment on hybrid sukuk as well as Tier-1 and Tier-2 capital sukuk

New Milestone for Al Baraka Bank Egypt: Four prestigious awards from EMEA Finance Cement its leadership in Islamic Finance

The diversity of awards highlights the bank’s excellence in structured and syndicated finance and Asset Based Securitisation

BIBF launches a new series of professional micro-credentials in Islamic finance

Supporting Bahrain’s position as a leading hub for Islamic banking

ADIB participates in the “Midday Break” initiative in collaboration with the Ministry of Human Resources and Emiratisation

Initiative enforces a midday work ban to safeguard labourers during peak heat hours

Leonteq partners with Emirates Islamic on Shari’a products

Swiss fintech firm Leonteq teams up with UAE’s Emirates Islamic to deliver bespoke Shari’a-compliant structured products.

Islamic finance assets up 4.1% in 2024, reaching QR683bn

Islamic finance assets in the State of Qatar experienced a 4.1 percent growth in 2024, reaching QR683bn ($187bn).

Emirates Islamic to delist from DFM on June 10

EIB has instructed DFM to suspend trading of its shares

Saudi National Bank issues 5-year riyal sukuk worth $461mln at 6%

The 5-year perpetual sukuk will be used to boost its capital

Dubai Islamic Bank launches third cohort of Emirati Development Program

The bank has over 10,000 staff working across offices and branches across the UAE.

QIB Named Islamic Bank of the Year in the Middle East by The Banker

The award comes as QIB continues to strengthen its position as one of the most efficient and digitally advanced Islamic banks in the region

Qatar Islamic Bank mandates for USD 5-year sukuk

The sukuk will be issued by QIB Sukuk Ltd. under the $5bln trust certificate issuance programme

Islamic banking in Egypt surges to EGP 1.08trn in March 2025

The number of Islamic banking branches grew to 320 in March 2025