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

QIB receives 6 prestigious awards

QIB is the first Bank in Qatar to introduce a complete Digital Onboarding solution on its Mobile App

ADIB seeks M&A deals in UAE and GCC to expand asset base

Organic and inorganic growth are part of the bank’s overall expansion strategy, says group chief financial officer Mohamed Abdel Bary

New strategy to boost Oman’s Islamic banking sector

CBO is aiming for Islamic finance to be the key contributor to the national development agenda

Dubai Islamic Bank posts Dh3.1b 9-month net profit

Effective cost management and lower impairments are supporting DIB’s profitability

BisB Outlines a Three-Year Sustainability Roadmap

To ensure the strategic vision of the roadmap is achieved, the strategy has been charted into clearly defined areas of focus and tactical pillars.

Sharjah Islamic raises foreign ownership limit to 40% amid strong investor demand

Bank has impressed with 30% gain in profit for the first nine-months of 2021

IsDB Institute wins again 'Best Islamic research firm' award

The award recognizes the Institute's innovative approach for creating knowledge solutions to achieve sustainable development

Emirates Islamic swings to $218mln net profit on lower impairment costs

Bank says it has achieved 'strong capital and liquidity'

Islamic Development Bank gets $1.7bln via sukuk

The spread was tightened from initial guidance on Tuesday of around 30 bps over mid-swaps after the sukuk drew more than $2.4bln in demand

Islamic Development Bank gets $1.7bln via sukuk

The spread was tightened from initial guidance on Tuesday of around 30 bps over mid-swaps after the sukuk drew more than $2.4bln in demand

QIB bags award from Visa for enhanced digital solutions to cardholders

Over the past 24 months, QIB has added many new card features to its mobile app offering exceptional customer convenience.

ITFC CEO announced as Islamic Trade Finance CEO of the Year Saudi Arabia 2021

And Islamic Trade Finance CEO of the Year Middle East at the 2021 Global Banking & Finance Awards

QIB wins three accolades at Asset Triple A Islamic Finance Awards 2021

QIB also successfully closed a $750m 5-year Sukuk with a profit rate of 1.95 percent per annum, the lowest ever paid by QIB on their fixed rate Sukuk issuances.

Al Salam bank-Bahrain commences discussions with Ithmaar holding for the potential acquisition of a group of assets

Al Salam Bank is keen to maintain its growth trajectory and these discussions with Ithmaar Holding on a potential group of assets would complement Al Salam Bank's existing business lines

Islamic banks' reputation surges amidst pandemic

CARMA, the leading global media intelligence provider, has created a deep-dive report on the rise of Islamic Banking

Saudi Arabia sukuk to join widely followed FTSE bond index

The sukuk, sharia-compliant Islamic bonds, have a par amount currently outstanding of $81.6bln

Kuwait's Warba Bank to issue $250mln sukuk

Lender obtains initial approval from central bank to make issuance

Saudi Arabia's Positive Facilities taps Path for core banking

The company’s five-year plan is to serve up to 50,000 SME customers in Saudi Arabia with affordable financing loans at 0% interest with an estimated total number of financing transactions exceeding 30 million transactions per year.

Islamic banks in GCC ‘focusing on low-risk retail finance’

Consolidation within fragmented Islamic banking markets presents opportunities.

SoftBank ventures into Saudi Arabia in a deal with wealth fund

SoftBank has partnered with Saudi Arabia’s sovereign wealth fund and plans to expand into the Middle East and Africa.