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

Al Salam Bank net profit surges 134pc

Al Salam's growth was accompanied with a robust improvement in asset quality during 2021

Growth in Shariah-compliant investment opportunities expected in 2022 - INVESCO

Investment management firm said increased focus on ESG principles gives rise to demand

Riyad Bank sells $750mln in perpetual sustainability sukuk

The yield was tightened from initial price guidance of around 4.375%

Qatar plans to be Islamic sukuk hub

Rashid bin Ali Al Mansoori shared his experience in the QSE, talked about establishment of QSE and its role in the economy, and Islamic products in the stock exchange.

Egypt Banking Industry Report 2021 Featuring National Bank of Egypt, Banque Misr, Banque du Caire, Commercial International Bank, QNB Alahli, HSBC and Credit Agricole Egypt

This report on the Egyptian banking industry covers deposit-taking institutions, as well as central banking.

Jordan Islamic Bank announces US$ 136.1mln profits in 2021 before tax

Board of Directors recommends distributing 25% cash dividends to shareholders

Dubai Islamic Bank prices $750 million senior sukuk at 2.74%

Investor demand was strong with an orderbook that was more than 2.5 times oversubscribed

Central Bank of Kuwait net foreign assets suffer biggest fall in at least 30 years

The December decrease was this year's second biggest monthly drop after March

Abu Dhabi Islamic Bank posts 45% jump in annual net profit

ADIB chairman says improving UAE economy will offer opportunities ‘to develop corporate and retail banking businesses’

Invesco sees a boost in Shariah-related investment products in 2022

Shariah-compliant products attract the attention of investors worldwide

Saudi Riyad Bank to issue dollar denominated Tier 1 capital sukuk

Amount and terms of offer to be set subject to market conditions

QIIB awarded “Best Bank in Qatar for Credit Card Offers 2021” by The Global Economics

Al-Jamal: "We work hard to provide our customers with the best and most credible and innovative features in the banking market."

Sharjah Islamic Bank's net profit up 26.7% in 2021

Customer deposits grow by $1.3bln in one year

New IsDBI book details practical ways of curtailing risk in Islamic Finance

The book, titled "Heavy Tails and Coherent Risk Measures in Islamic Finance", was authored by Dr. Mahmoud Bekri, a Research Economist at IsDBI

Masraf Al Rayan Reports A Net Profit Of QAR 1,718 Million

The results issued are subject to Qatar Central Bank’s approval and endorsement by shareholders at the Bank’s Annual General Assembly.

Alizz Islamic Bank announces restructured Bushra Account

“The new Bushra account gives customers the opportunity to grow their funds as we help them to save and invest and eventually get to their desired financial goals. We are always keen to offer the products and services needed by our valued customers,

Ithmaar Bank relaunches prize scheme

Ithmaar Bank has relaunched its Thimaar savings account, offering its holders 2,016 prizes

Dubai Islamic Bank's FY net profit climbs 39% despite income drop

Bank proposes 25% dividend

Emirates Islamic's net profit grows to AED 823mln for FY 2021

Operating profit improved 20% y-o-y

Sharjah Islamic Bank's net profit up 27%

Despite the partial recovery from the repercussions of the COVID-19 pandemic, the Bank continued its hedging policy to face the challenges