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

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.”

Al Baraka Islamic Bank taps Layer for digital banking transformation

This new partnership will see the Dublin-based company add an additional 80,000 users to its platform.

Optimism for Abu Dhabi Islamic Bank PJSC has grown this past week, despite five-year decline in earnings

On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.

Ithmaar Bank announces third quarter results

The announcement, by Ithmaar Bank Chairman His Royal Highness Prince Amr Al Faisal, follows the review and approval of the Board of Directors of the Bank's consolidated financial results for the nine-month period ended 30 September 2021

Saudi Arabia gets $3.25bln with year's third international bond sale

The world's top oil exporter sold $1.25 billion in 30-year bonds at 3.36% and $2 billion in sukuk due in May 2031

Saudi Tadawul to offer up to 30% of its public shares to individuals

The subscription process for individuals will begin on Nov. 30 for three days

Sharjah real estate records $1.5bln in transactions for Q3 2021

These numbers marked a growth rate of 22.7 percent compared to the same period last year

Pandemic sheds light on Shariah-based investments

The report assesses the current state of gold investment markets in core Islamic financial markets and analyzes the key economic and business drivers of gold trade and investment

The global gold investment markets

The current COVID-19 pandemic and its economic consequences have shed a light on new market services that leverage the digital transformation shaping our new economic models; gold, in particular, forms the subject of our report.

Global Islamic finance assets to rise by $3.69tr in 2024

Expatiating, the Muslim Finance Coach observed that in the even Nigeria has reaped bountifully from the benefits of Islamic finance.

KFH wins World’s Best Islamic Financial Institution 2021 award

All selections of the awards were made by the highly professional team of Global Finance, after extensive consultations with bankers, corporate finance executives and analysts throughout the world.

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 Finance