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

Kuwait Finance House Q2 profit more than triples

Kuwaiti banks' earnings were hit last year by the effects of the coronavirus pandemic and relative weakness in oil prices, impacting the Gulf state's economy.

Islamic banks’ market share expected to grow this year

“Liquidity is expected to remain adequate and likely to benefit from government support if needed,” said the report.

Islamic social finance has a bigger humanitarian role

Islamic finance is used towards contributing to environmental, social and humanitarian projects, in line with the spirit of Islam.

QIIB announces its results for the first half (H1) of 2021

The bank's results in the H1-2021 are the outcomes of the plans and goals that have been accomplished as part of the bank's short and long-term strategy

Global sukuk issuance hits record $100bln in H1 2021- Refinitiv

Sukuk issuances had a strong start this year and exceeded $50bln for the first time during Q2

Sharjah Islamic Bank's net operating profit increased 26%, net profit 15%

Strong results are a reflection of Bank's robust business policies on the face of challenging global operational conditions owing to the on-going Corona pandemic

Boubyan Bank proudly launches the world's first Islamic international digital bank

Nomo, part of the Boubyan Bank Group, offers Sharia-compliant UK bank accounts and financial management services for clients in Kuwait and the Middle East region

Alizz Islamic Bank strengthens 'IFIN' services in all Danube Home branches

Customers whose salaries are deposited with Alizz Islamic bank, whether Omanis with a salary of OMR 350 or expatriate residents with a salary of OMR 800 are eligible for the financing service.

Emirates Islamic launches campaign to provide relief to SMEs amid surges in freight costs

Preferential pricing campaign to support SME trade community

Arada secures additional Dh250 million funding from Dubai Islamic Bank

Financing will facilitate ongoing construction at the Aljada megaproject in New Sharjah

Dukhan Bank announces issuance of debut Additional Tier 1 $500m Sukuk

Chairman and Managing Director of Dukhan Bank, Sheikh Mohammed bin Hamad bin Jassim Al Thani, expressed his happiness with the success of this issuance: “We are very pleased with the success achieved by the issuance of this Sukuk which follows along

Abu Dhabi royals-owned real estate firm begins dollar sukuk sale

Emirates NBD Capital and First Abu Dhabi Bank acted as global coordinators

Qatar's Dukhan Bank gives initial guidance for dollar AT1 sukuk

Dukhan's sukuk will be non-callable for five-and-a-half years.

Sharjah Islamic Bank Wins ‘Best Service Performance Brand Award’ In Dubai Service Excellence Scheme For 2020

The Scheme receives great competition from various business sectors, industries, and verticals from both local and international brands.

IIFM maintains its focused approach on Islamic industry development

The Board of Directors discussed IIFM's ongoing standardization initiatives which are positively supporting the systematic and robust expansion of the Islamic finance industry

The Banker names KFH Best Islamic Bank in Middle East, Kuwait

The Magazine said that this year’s awards recognize Islamic lenders that have managed to keep pace with the growing sophistication and increasing demands of Islamic banking customers around the world, particularly within the digital realm.

QIIB awarded ‘Best Islamic Digital Bank in Qatar’

QIIB’s customers can also avail of personal financing via mobile banking without the need to visit the bank.

Al Baraka Islamic Bank Wins ‘Best Bank For Social Media Bahrain 2021’ Award For The Second Consecutive Year

The Bank ranks among the leading providers of Islamic banking products and services to its international clientele and focuses primarily on developing innovative and distinguished Investment solutions in compliance with Islamic Sharia principles, supporte

Islamic Finance and Wealth Management industry remains resilient

Islamic finance and wealth management industry faced the dual shocks of adjusting to the pandemic and historically low oil prices in 2020.

KIB acts as joint lead manager for AUB's USD 600m T1 Sukuk issuance

The mudaraba-based unconvertible Sukuk were issued at a fixed profit rate of 3.875%, with the first reset date set as December 17, 2026