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

S&P reaffirms ICIEC’s AA- financial strength and issuer credit rating with Stable outlook

This rating remains the highest within its peer group globally

Dubai Islamic Bank arranges $1bln sovereign financing for Government of Pakistan

The five-year facility is an innovative transaction, partially guaranteed by a Policy-Based Guarantee (PBG) from the Asian Development Bank (ADB) — marking the first PBG transaction of its kind undertaken by ADB for the country.

Sukuk issuances: AAOIFI unlikely to implement Standard 62 this year

The world of Islamic capital markets is anxiously awaiting the final version of Standard 62, which in its draft exposure emphasised ownership transfer of assets and asked for detailed treatment on hybrid sukuk as well as Tier-1 and Tier-2 capital sukuk

New Milestone for Al Baraka Bank Egypt: Four prestigious awards from EMEA Finance Cement its leadership in Islamic Finance

The diversity of awards highlights the bank’s excellence in structured and syndicated finance and Asset Based Securitisation

BIBF launches a new series of professional micro-credentials in Islamic finance

Supporting Bahrain’s position as a leading hub for Islamic banking

ADIB participates in the “Midday Break” initiative in collaboration with the Ministry of Human Resources and Emiratisation

Initiative enforces a midday work ban to safeguard labourers during peak heat hours

Leonteq partners with Emirates Islamic on Shari’a products

Swiss fintech firm Leonteq teams up with UAE’s Emirates Islamic to deliver bespoke Shari’a-compliant structured products.

Islamic finance assets up 4.1% in 2024, reaching QR683bn

Islamic finance assets in the State of Qatar experienced a 4.1 percent growth in 2024, reaching QR683bn ($187bn).

Emirates Islamic to delist from DFM on June 10

EIB has instructed DFM to suspend trading of its shares

Saudi National Bank issues 5-year riyal sukuk worth $461mln at 6%

The 5-year perpetual sukuk will be used to boost its capital

Dubai Islamic Bank launches third cohort of Emirati Development Program

The bank has over 10,000 staff working across offices and branches across the UAE.

QIB Named Islamic Bank of the Year in the Middle East by The Banker

The award comes as QIB continues to strengthen its position as one of the most efficient and digitally advanced Islamic banks in the region

Qatar Islamic Bank mandates for USD 5-year sukuk

The sukuk will be issued by QIB Sukuk Ltd. under the $5bln trust certificate issuance programme

Islamic banking in Egypt surges to EGP 1.08trn in March 2025

The number of Islamic banking branches grew to 320 in March 2025

Abu Dhabi's Mubadala sells $1bln in 10-year sukuk

Abu Dhabi Commercial Bank, First Abu Dhabi Bank , HSBC, JPMorgan and Mizuho are joint global coordinators for Mubadala's sukuk sale

Islamic Treasury sukuk auction for May 2025 attracts bids worth AED 6.93bln

Yield to Maturity (YTM) of 3.99% for the May 2027 tranche and 4.06% for the newly issued 5-Year tranche maturing in May 2030, with a tight spread of 2 and flat basis points respectively, above comparable US Treasuries at the time of issuance.

Trends in Islamic Investment and Finance Structuring in Focus

The event featured a distinguished panel of experts in Shari’a-compliant international finance and structuring from Bahrain, the Gulf region and Jersey.

The Middle East’s best Islamic real-estate deal 2025

ROSHN Real Estate Asset Management First Company SAR2 billion bilateral Islamic murabaha facility

Saudi Bank Albilad mandates banks on USD-denominated AT1 sukuk

Banks have been mandated for the private placement

Khaleeji Bank announces 7.81% increase in net profit attributable to shareholders for Q1 2025

Appoints Mr. Yousif Taqi as Chairman of the Board, Succeeding Alrayes