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

ADIB provides financing for Albilad Capital's £87M landmark acquisition of PWC HQ in Northern Ireland

The property, known as Merchant Square, is situated at the heart of the Belfast Business District

Saudi Islamic Banks' Asset Quality Prone to Deterioration; Strong Capital and Liquidity

Islamic banks will continue to face pressure on profitability, particularly from lower official profit rates and elevated financing impairment charges.

Robust legal, regulatory framework helps Islamic finance growth in Qatar: Al-Kuwari

Qatari Islamic banks, he said showed "strong performance and high growth rates" in their profits in 2019.

7th Doha Islamic Finance Conference begins today

Participants will include governmental bodies, international organisations, financial and academic institutions in the fields of economics, finance and technology.

Saudi Islamic fintech market projected to be worth $47.5bn by 2025

Categories were weighted in order to derive an overall score, with a heavier weighting given to the categories deemed to drive conduciveness to Islamic fintech specifically.

Boubyan Bank sets yield at 3.95pc for perpetual dollar sukuk

Citi, NBK Capital, Standard Chartered , Abu Dhabi Islamic Bank, Boubyan Capital, Emirates NBD Capital, Kamco Invest, Kuwait International Bank and KFH Capital are arranging the deal, which is expected to close later on Wednesday.

NBB group AGM approves distribution of 20% cash dividends and 10% bonus shares

The Group's Shareholders eligible to receive the dividend, which will be distributed from 12th April 2021

Moody's assigns Ba2 rating to Arabian Centres' sukuk offering

Agency says Saudi mall operator has strong market position, good liquidity

Oman's Islamic Banking Growth to Continue Despite Pandemic

This is high considering that Oman was the last Gulf Cooperation Council (GCC) country to introduce Islamic banking in 2013.

Saudi-based Islamic Development Bank starts marketing dollar sukuk - document

The paper was offered at 39 basis points over mid-swaps

Al-Roshood: Corona pandemic demonstrated the success of the flexibility of KFH's performance and strategy

In a virtual "Kuwait`s Banking and Finance" roundtable

Bahrain Islamic Bank convenes its Ordinary and Extra-Ordinary General Meetings for the Year 2020 via video conferencing

The meeting was initiated with an overview of the agenda

How Saudi Arabia’s Tadawul-listed banks fared in pandemic-hit 2020

Across the board, operating result declined by 6% on the year previous to SAR 42.27 billion.

Turkey to become attractive for Islamic finance

Turkey more advantageous than Malaysia, UK in applying Islamic finance, attracting foreign capital, says academic

Saudi Arabia closes March domestic sukuk program at $2.05bn

The deal is part of the government’s domestic sukuk programme

QIIB improves quality of funding assets; non-performing loans drop to 1.6% in 2020: Al-Shaibei

QIIB’s total equity reached QR8.3bn, while the capital adequacy under Basel III reached 16.6% in end-2020, which “ascertains the strong financial position” of the bank in facing various risks.

QIIB position as leading bank enhanced: Sheikh Dr. Khalid

"We have been working to seizing better opportunities to achieve gains for the Bank."

Dubai Islamic Bank Shareholders Approve 20% Dividend as Robust Growth Continues Despite Economic Challenges

Over the course of the last several years, DIB has witnessed an exceptional evolution in the bank’s size and scale.

KFH hails efforts of frontline heroes

KFH emphasized its pioneering national role during its support for various social and national efforts, as it contributed to supporting the efforts of the Ministry of Interior by providing 30 automobiles that serve the ministry’s personnel

7th Doha Islamic Finance Conference from March 30

The conference is expected to contribute to the development of the Islamic finance industry in Qatar and the world.