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

DIB becomes first Islamic bank to join ‘Buna’

The Middle East’s new clearing and settlement payment platform

Abu Dhabi Islamic Bank named ‘Islamic Bank of the Year 2022’ by The Banker Magazine from FT

The award recognises the bank’s ongoing commitment to growth and excellence in Islamic banking industry

Muzn Named The Banker’s Islamic Bank Of The Year 2022

Muzn has continued to upgrade its mobile app and Corporate Internet Banking platform to provide a seamless banking experience.

Responding to inequality: The role of OIC nations and Islamic finance

Redistributive mechanisms in Islamic social finance are an increasingly prominent part of the quest for a more equitable distribution of wealth across all strata of society, especially in OIC countries

QIB continues to introduce new features to its award-winning mobile app

The new features will provide customers with broader options and a more personalized service through the QIB Mobile App

AlHuda CIBE eyes to Sierra Leone’s financial market

AlHuda CIBE lunch a mission to doorway of islamic finance in freetown

Oman’s Islamic banking assets crosses RO6bn mark

The slowdown in 2020 growth was caused by the COVID-19 pandemic, combined with a sharp decline in oil prices that year.

ADIB to set up asset management-focused entity

Bank says plans are part of ambitions to expand asset management business

Dubai Islamic Bank 1st Quarter 2022 group financial results

Net Profits jump by a significant 58% YoY to reach to AED 1.3bln

Abu Dhabi’s ADIB provides $136mn Sharia’a-compliant financing for Jubail Island construction

With coastal views, mangrove forests, and a central location, the Jubail Island community development will be home to 10,000 UAE citizens and residents within the next four years

QIIB net profit rises 5% to QR294.9m in Q1

“QIIB’s various indicators have witnessed a unique stability despite all the circumstances related to the global economy."

Saudi Arabia issues $2.6bn worth of riyals-denominated Sukuk in April

The first tranche has a size of SR6.402 billion maturing in 2032

Mastercard recognizes QIB on the anniversary of first Islamic point of sale solution in Qatar

Launched in 2018, QIB’s PoS solution and online payment gateway was introduced to serve the Bank’s corporate customers and support their banking needs

Al Baraka Islamic Bank Launches Exclusive Real Estate Financing Solutions to Customers

The Bank will be offering Sharia’a compliant real estate financing solutions to customers looking to own their own housing property from Burooj Property Development.

How Islamic Finance Can Support the Gambia's Economic Development

According to him, limited access to finance is a significant obstacle to growth and a prominent indicator of the ease of doing business in developing countries.

QIB wins 3 prestigious awards at Global Finance world’s best Islamic financial institutions 2022

QIB Named ‘World’s Best Islamic Corporate Bank', 'World’s Best Islamic Bank for CSR' and ‘Best Islamic Financial Institution in Qatar’

QIB profit grows 14% to reach QR855m in Q1

The Bank was also able to achieve reduction in cost of funding (profit paid to Sukuk and Unrestricted Investment Account holders) enabling growth in the Net Operating Income.

Emirates Islamic launches Emarati Business Account to support UAE national companies

The account can be opened within a period of 24 hours

Qatar's QIC, QInvest to create Islamic asset management company

The new company, jointly owned by QIC and QInvest, will be a Sharia‘a compliant entity, regulated by Qatar Financial Centre Regulatory Authority

Qatar takes part in Arab Monetary Fund, Arab Finance Ministers Council meetings

Minister of Finance H E Ali bin Ahmed Al Kuwari participated in the opening session of the Arab Monetary Fund’s Joint annual meetings of financial authorities, and the 13th meeting of the Arab Finance Ministers Council.