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

ADIB advances its banking technologies with ProgressSoft's Payments Hub

Aims to ease the integration of Cross-Border Services and accelerate cross-border remittances

Oman: Assets of Islamic banks and windows up 11.7% to $18.7bln

The total balance of financing granted by units practicing Islamic banking increased by 11.7 percent to reach OMR5.9 billion

Egypt, Islamic Development Bank cooperation portfolio reaches $20.72bn in various fields

The meeting was attended by Mai Babiker, the Director of the Bank’s Regional Office in Cairo

Bank Nizwa participates in & supports the second family and value building symposium

Reflecting its Sustainability Direction of Nurturing the Local Community

QIB announces launch of innovative e-commerce platform on mobile app

All purchases made through QIB Marketplace qualify for complimentary doorstep delivery, with the added convenience of 24-hour delivery available for select products.

Khaleeji Bank achieves prestigious “ISO 22301:2019” certification

For exemplary business continuity management

Bank Nizwa’s senior executives excel in prestigious Wharton University program

Continuing to Empower Executive Leadership in Islamic Banking

Faisal Islamic Bank’s standalone profits down 9.3% YoY in 2023

The company’s standalone profit after tax fell to EGP 4.057 billion last year from EGP 4.475 billion the year before.

FAB issues the first Sukuk globally in 2024

5-year USD 800 million bond at US Treasury +85bps (all-in yield of 4.779%)

ADIB launches B2B marketplace to empower small and medium enterprises

Announces the introduction of ADIB Business Souq, a digital marketplace designed to provide comprehensive support to SMEs

Bank Nizwa acts as issue manager for Sovereign Sukuk Series 7 issuance on behalf of the Govt. of the Sultanate of Oman

This dual role underscores the bank's commitment to ensuring a seamless and efficient management process for transactions of such national stature

Islamic Development Bank Institute begins developing the ‘Islamic Finance Knowledge Pavilion Marketplace’

The Pavilion will provide a digital marketplace of validated solution providers in Islamic finance and economic development

Maisarah leads successful Government of Oman sukuk issuance

The issuance process received a strong positive response from the market

Maisarah Islamic Banking Services takes the lead in financing the transformative 'Diba – Lima – Khasab' road project

The Islamic Banking window of BankDhofar announces its pivotal role as the Lead Partner in financing the project

BankDhofar expands reach with new Mina Al Fahal Branch

Reinforcing its efforts to be closer to the customers

Dubai Islamic Bank unveils 'Nest' – A breakthrough in lreen living

Reflecting DIB's digital prowess, the program assures customers of paperless pre-approvals and digital contracts, further streamlining the home finance process while reducing the carbon footprint

Ajman Bank’s Head of Marketing wins prestigious WOMANi 2023 Award by Cambridge IFA

This award recognizes exceptional women leaders in the financial and insurance sectors, highlighting their contributions to the industry

IsDBI and BIBF agree on strategic collaboration for islamic finance capacity development

The agreement was signed on the sidelines of the AAOIFI-IsDB Islamic Banking and Finance Conference

Oman Arab Bank and Al Izz Islamic Bank hold joint board meeting to drive greater value in the banking sector

The meeting was a platform for aligning strategic objectives, risk governance frameworks, and corporate governance principles

Turkish banks secure $40m Murabaha deal with ITFC to boost private sector financing

Murabaha, an Islamic financing structure, operates as a sales contract wherein the price of goods or items is determined based on customer requirements, including a pre-agreed profit margin.