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

Sukuk issuance will drop in 2021 as finances of Gulf countries improve

Sukuk volumes in the GCC declined by 19% in H1-21

GCC sukuk issuance set to decline in 2021

Lower funding needs and high liquidity in the banking sector impacting sukuk issuance

Bahrain's Ahli United Bank launches $600 million senior sukuk

The spread was tightened from initial price guidance of around 200 basis points over mid-swaps after the sukuk drew more than $1.3 billion in orders, the document from one of the banks on the deal reviewed by Reuters showed.

Dubai's Meraas plans refinancing of $600m Islamic bonds

The paper however shot up in value in June

Islamic Development Bank launches Saudi-backed $100m fund in Uzbekistan

The fund has an initial capital of $100 million, and will target 34 micro, small, and medium enterprises

Bahrain's Ahli United Bank hires banks for dollar senior sukuk - document

They will hold investor calls from Tuesday, to be followed by a transaction, subject to market conditions, of benchmark size, which typically means at least $500 million.

Bahrain's Ahli United Bank hires banks for dollar senior sukuk - document

HSBC and JPMorgan were hired as joint global coordinators

KFH key pillar in supporting Kuwait Economy and NDP

Almutawa: diversified financing portfolio covering vital sectors

Gulf Islamic Investments and Capital Bay announce joint venture

Capital Bay and Gulf Islamic Investments signed a Joint Venture Agreement to develop a senior living real estate investments platform

Dukhan Bank named Best Islamic Digital Bank

In recognition of Dukhan Bank’s innovative and pioneering approach towards delivering technologically powered services and products to its customers, the Global Finance awards stand testament to the bank’s success in rolling out its robust dig

Egypt to begin offering sukuk in first half of 2022 - ministry

The exact timing and size of the first offering is yet to be determined

Saudi Arabia closes $3bln August sukuk program

Higher oil prices at times in recent months will also aid the healing of the Saudi economy in healing from the effects of the COVID-19 pandemic

The IFSB issued the Ninth Edition of its Annual Flagship Publication: the Islamic Financial Services Industry Stability Report 2021

The role of the Islamic social finance sector is very crucial in a post-COVID-19 financial system stability

ADIB's Ethical Finance Innovation Challenge and Awards hits 100 applications with deadline extended

Awards deadline extended due to high demand

Abu Dhabi’s ADIB lines up Dh124m for student housing in London

ADIB has steadily raised its lending visibility in UK’s property market

Fitch affirms QIIB’s rating at ‘A’

QIIB was established in 1990 as the second Islamic bank in Qatar and it is currently the third-largest Islamic bank listed on Qatar Stock Exchange in terms of assets and market value.

Islamic real estate financier posts net profit of $53.6m

During that same period, rental income decreased by 48 percent to 13 million dirhams as compared to 25 million dirhams during the first half of 2020.

SAMA launches Islamic finance research support program

The program covers a number of research areas, including: Islamic finance, Islamic banking, Islamic insurance, banking risk management, financial technologies (FinTech) in Islamic finance sector, Sharia governance, and other areas related to Islamic finan

Emirates Islamic wins global award for 'Best Credit Card' and 'Best Islamic Bank in Customer Experience'

he bank also won the accolade of 'Best Credit Card in the UAE' for its Skywards Black Credit Card

US$ 174.6 billion sukuk issued globally in 2020

IIFM Annual Sukuk Report 10th Edition Findings

Islamic Finance