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

LSEG and ICD announce findings of the 2025 Islamic Finance Development Indicator report

Global Islamic finance assets projected to reach US$9.7 trillion by 2029

Islamic International Arab Bank Named Best Islamic Digital Bank in Jordan for 2025

Established in 1997, the Islamic International Arab Bank operates across all governorates of the Kingdom

Bahrain: Flooss appoints SICO to structure $10mln sukuk issuance

This transaction reflects ongoing efforts to advance shariah compliant capital markets instruments in the kingdom

Oman’s Islamic finance sector to top $40bn amid regulatory reforms, sukuk growth: Fitch

In the UAE the industry surpassed $285 billion in assets by the end of the first quarter of 2025, supported by strong demand and a deepening sukuk market, another Fitch report stated.

Sohar Islamic reaffirms commitment to Islamic finance as main sponsor of the 3rd Zakat Forum in Salalah

Reaffirming its role as a trusted partner in promoting Islamic finance and fostering meaningful dialogue on issues of social and economic importance

Saudi-listed Elm renews $133mln credit facility with Al Rajhi Bank

The loan will be used to finance working capital and issuance of bank guarantees

Emirates Islamic issues world’s first sustainability-linked financing sukuk of $500 million

Landmark issuance garnered significant global investor interest, underscoring the growing appeal of sustainable Islamic finance

Egypt: Faisal Islamic Bank’s consolidated drop 78.6% YoY in H1 2025

Meanwhile, net interest income went up to EGP 5.399 billion from EGP 4.625 billion

Sohar International & Sohar Islamic introduce new housing finance product for GCC nationals and expatriates

To Support Homebuyers and Investors in Oman

Al Baraka Islamic Bank signs strategic partnership with “Dhaman”

With the Aim of Enhancing Trade Finance and Expanding International Partnerships

Al Baraka Islamic Bank returns to Q2 profitability

The bank posted a net profit after tax of BD0.1 million in three-month period ended June 30 2025 compared to a net loss of BD1.5 million last year

ADIB Capital launches ADIB Islamic Trade Opportunities Fund

Targeting low duration diversified trade opportunities in developed markets

GCC ties to propel ASEAN Islamic finance past $1tn, Fitch says

GCC investors already hold stakes in some Malaysian banks

Bank Nizwa reinforces human capital development with second NANMU program for employees

Reaffirming its resolute dedication to nurturing high-caliber talent and cultivating deep-rooted capabilities within the Islamic banking sector

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

Islamic Finance