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

Stable capital at GCC Islamic banks in 2022: Fitch

We expect further M&A activity in 2022

Takaful insurance to make debut in Iran

Unlike conventional insurance, takaful insured can benefit from a set of claims of the fund in which they have participated, if it remains in excess.

Bahrain's Esterad Investment issues LoI to acquire Venture Capital Bank

The investment company said the letter was non-binding but represents an intention to acquire up to 100 percent of the bank's share capital

Bahrain ranks 4th globally in Islamic Finance

Bahrain also tops the ranking in the region for Islamic banking, and corporate governance.

GIB Saudi Arabia wins Best Islamic Receivable Finance

At the Saudi Trade Finance Awards 2021

QIB Awarded ‘Bank of The Year in Qatar’

he Bank is also the first Islamic Bank in Qatar to launch an integrated Host-to-Host (H2H) Online Payment Management solution for large corporates.

Jersey Finance launches landmark study on the global attitudes to Islamic wealth management

Malaysia is highlighted as one of the most favoured trust jurisdictions alongside Jersey, UK, DIFC (UAE), British Virgin Islands.

Emirates Development Bank lends over Dhs700m to UAE’s industrial sector

The financial package was made available to companies across five sectors – industry, technology, healthcare, food security and infrastructure

National Bank of Bahrain targets a 25% market share: CEO

On cash dividends, he stated that it is among the bank’s priorities if economic conditions are improved.

Saudi Arabia Islamic Finance Market to be Dominated by Islamic Banking through 2026 – TechSci Research

Strong investments for the development of the Halal sector and infrastructure and Sukuk bonds through the electronic modes in all products and services contribute to the market growth.

State-owned Bank Syariah Indonesia to open representative office in Dubai in 2022

It will work across three key business areas: global sukuk, remittance, and trade finance

Islamic banking has grown more popular in UAE since the pandemic: Survey

‘Better technology’ has emerged as a key factor for consumers to shift to Islamic banking

Bahrain's GFH named region’s top Islamic investment bank

The MEA Finance Awards recognise financial institutions and industry individuals for their exceptional achievement and inspirational leadership in delivering innovative products and services of the highest value to their customers.

Islamic banking closing gap with conventional in UAE

However, Shariah-compliant banks lag in terms of customers' digital experience

Emirates Islamic Reveals 2021 Findings of Islamic Banking Index by Emirates Islamic

Islamic banking has grown in popularity in the UAE since 2015

Corporate segment to drive Saudi Alinma Bank's financing growth

Aljazira Capital sets target price at $6 per share with 'Neutral' rating

SABB launches first Shariah-compliant Payables Finance Solution in Saudi Arabia

The Payables Finance Solution product is based on buyer risk where the seller bears the cost of discounting

Fitch Affirms Dubai Islamic Bank at 'A'; Outlook Stable

The affirmation of DIB's IDRs and GSR reflects Fitch's view of an extremely high probability of support available to the bank from the UAE authorities if needed.

BisB Wins Award for ‘Best Islamic Bank Bahrain'

The hub additionally includes local coffee shop, Roast, which emerged as a winner of a competition hosted by the Bank last year as part of its ongoing commitment to supporting local entrepreneurs and SMEs in Bahrain.

SABB launches first Shariah-compliant Payables Finance Solution in Saudi Arabia

It added: “This product gives suppliers access to funding based on the credit standing of their buyers, and without using their own credit lines.”