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

Bahrain will continue on development path: minister

Ministry of Finance and National Economy is moving forward to implement all its plans and initiatives

Bonds, Sukuk primary issuances in GCC see value rising to $132.7bln in 2020

The total number of primary issuances during last year totalled 360

Faisal Islamic Bank obtains Mastercard license through Network International partnership

Under the collaboration with Network International, Faisal Islamic Bank will issue Mastercard branded debit, credit and prepaid payment cards in Sudan for online, in-store, and ATM use.

Qatari banks could see more consolidation

This will be the second merger in Qatar between an Islamic bank and a conventional bank after Islamic bank Dukhan and International Bank of Qatar (IBQ) merged in April 2019

Sukuk changes Egypt’s financing methods, expected to surpass EGP 20bn in 2021

More Sukuk issuances needed to clarify amendments that executive regulations need:AlieldeanWeshahi& Partners

Islamic banking is getting its perfect storm moment

COVID-19 has accelerated the digital in banking, and Islamic finance too benefits

Boubyan Bank records operating profits of KD 93 million in in 2020

Allocates KD 59 towards precautionary provisions

QIB voted ‘Best Islamic Bank in Qatar’

Since March 2020, QIB was able to implement a comprehensive “Bank Safely from Home” campaign, which resulted in an unmatched increase in reliance on digital channels by QIB’s individual and corporate customers.

First Abu Dhabi Bank receives Oman CMA custody licence

Haitham al Salmi, general manager at Muscat Clearing and Depository, said, “We are delighted to welcome First Abu Dhabi Bank as custodian of the MCD."

Sharjah Islamic Bank posts Dh405.8m 2020 net profit

Board propose 8 per cent cash dividend

Saudi's NDMC announces closure of January issuance of sukuk program

The issuance size of the sukuk program in January was set at $788mln

Al Baraka Islamic Bank announces new scheme with over BD1 million in cash prizes

The new scheme of alBarakat account will offer customers the chance to win monthly prizes

Sharjah Islamic Bank achieved a net profit of AED 405.8 million for the year 2020 and propose 8% cash dividend

The exceptional circumstances that the world is going through, the Bank has been prudent to hedge the potential risks owing to these difficult economic conditions and has made a provision on its financial assets amounting to AED 255.8 million, compared to

First Abu Dhabi Bank heads to market with $500m Islamic bond

This year could see $129b worth of dollar and Islamic debt offerings issued in Gulf

Al Baraka Islamic wins top retail banking awards

The Online Awards Ceremony (OAC) of the 6thedition was held live recently and broadcasted through multiple online channels.

GCC bond issuance hits $47.5bln in 11 months

Sukuks issued by the governments stood at $28.7bln and was almost equally split during the first half the second half of the year

Bahrain, UAE and Saudi Arabia ranked in world's top five Islamic finance economies by the Islamic Development Bank

Research by Refinitiv and the Islamic Corporation for the Development of the Private Sector (ICD) puts Bahrain in the lead in MENA and third place globally

QIB grants 18,000 Absher rewards points to mark Qatar National Day

The Absher Rewards Program is a comprehensive rewards program that allows QIB customers to earn points when transferring their salaries for the first time, open fixed deposit accounts, use their QIB Debit and Credit cards, international remittance and reg

Global Islamic finance assets expected to reach $3.69 trillion in 2024

The Islamic banking sector grew 14 per cent in 2019, equating to $1.99 trillion in global assets

Global Islamic finance assets expected to reach $3.69 trillion in 2024

The Islamic banking sector grew 14 per cent in 2019, equating to $1.99 trillion in global assets

Islamic Finance