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

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

Bahrain's Al Salam Bank client deposits triple

Tremendous response to its new ‘Life Planning’ scheme indicates the huge appetite in the market for short-term, flexible savings solutions

Qatar International Islamic Bank mulls 100% foreign ownership

Move needs regulatory and shareholder approval, says board

Saudi Tadawul Group releases 2020 annual report

The Saudi Stock Exchange (Tadawul) announced its transformation into a holding group structure, Saudi Tadawul Group, in Q1 2021

Assets of UAE Islamic banks grow by 5% in 2020: Central Bank

Islamic financial sector has total assets $213bln

Kuwait’s Ahli United Bank lists $600mln sukuk on Nasdaq Dubai

Tier 1 Capital Certificates attracted more than $1.7bln in orders

Dubai Islamic Bank closes $1b senior sukuk

The sukuk was 3 times oversubscribed with an orderbook that peaked at $3 billion

Qatar’s Islamic finance assets reach QR528bn in 2020

The Governor said that during this crisis, banks witnessed pressures on their systems and budgets through the required harmonisation between continued credit granting, asset reclassification and provisions for credit losses.

Kuwait Finance House Spearheads RegTech in the GCC with Expanded Partnership with Codebase Technologies

The implementation will enable KFH to flexibly and rapidly respond to an ever-evolving regulatory environment while ensuring compliance and consistent, precise reporting.

Bahrain's Islamic Banking Sector Projected to Grow Jolted By M&A

The sector continues to have significant importance with total Islamic banking assets reaching USD35.7 billion at end-2020 or about 106% of Bahrain's GDP.

Alinma Bank hires JPMorgan Saudi Arabia for riyal sukuk

The size of the offering will depend on market conditions, it said in a filing to the Tadawul stock exchange

CBUAE Governor chairs Islamic Finance Services Board Council

H.E. the Governor have directed to take necessary actions to advance the agenda of standardisation of Shari’ah and ensure the solidification of Islamic finance standards are continuous and synchorinsed.

Turkey to have considerable position in conventional, Islamic finance

A Turkish lecturer stated that Turkey is going to have a significant position in conventional and Islamic finance.

ADIB named ‘Best Islamic Bank in the UAE’ at IFN Awards

IFN Awards is a highly regarded awards ceremony within the Islamic finance industry

Bank of Sharjah achieves robust underlying profit performance

Delivering net equity of AED3.165bln for FY2020

Sukuk growth may be blunted by UAE's tighter standards: S&P

Standardization issues could be resolved “once and for all” through an initiative by Dubai and its partners

Second additional offering of Alkhabeer Reit Fund

The subscription period will extend for 15 working days