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

$2.5t Islamic finance sector to rebound gradually

Covid-19 offers an opportunity for more integrated and transformative growth with a higher degree of standardisation, stronger focus on the industry's social role.

QIB recognised ‘Islamic Bank of The Year’ at The Asset Triple A Islamic Finance Awards

Under Gamal’s leadership, QIB outperformed competition, and managed to become the second largest bank in Qatar, and the largest private bank in the country.

Sukuk market to lag 2019 performance on lower corporate issuance

Standardisation, alignment with ESG and issuance of social and green financing instruments may boost growth after the pandemic subsides, according to S&P Global's head of Islamic Finance

Saudi-based Islamic investment firm acquires West Michigan properties in joint venture

The portfolio includes a mix of tenants in the automotive, manufacturing and the telecommunications industries.

Emirates Islamic successfully closes US$ 500 million Sukuk issuance

The landmark issuance rated A+ by Fitch will be listed on NASDAQ Dubai and Euronext Dublin

Fitch Named Best Islamic Finance Rating Agency by GIFA 2020

It is the leading agency to provide globally standardised cross-sector rating action sector commentaries and takaful-specific considerations within its global insurance rating criteria.

Islamic Finance In The Global Digital Economy

Islamic finance can be seen as a unique form of socially responsible investment.

Sharjah Islamic Bank wins Sukuk Deal of the Year 2020 Award

The bank was able to generate significant momentum from regional and international investors, reflecting strongly on their reputation as a source of quality credit in the financial markets.

UAE, Bahrain, Turkey top Islamic countries on World Bank Human Capital Index

The World Bank’s analysis shows that pre-pandemic most countries had made steady progress in building human capital but there’s a lot of room for improvement for Islamic countries.

UAE's Emirates Islamic Bank confirms $500mln bond sale

Sukuk offering is latest in series of bond issuance in UAE

Saudi 'proxy' Bahrain grabs $2 billion with bond comeback

Rated ‘junk’ by S&P and Fitch, Bahrain began marketing the deal at around 4.5% for the sukuk and around 5.75% for the conventional bonds earlier on Wednesday.

Oman plans to launch third issue of sovereign sukuk issue

The sukuk issue will be listed on the Muscat Securities Market (MSM) and the Muscat Clearing and Depository Company (MCDC) will undertake all matters related to the registration of Islamic bonds and the payment of these Islamic bonds holders, the ministry

Emirates Islamic Bank hires banks for 5-year dollar sukuk - document

It hired Emirates NBD Capital, HSBC, The Islamic Corporation for the Development of the Private Sector, and Standard Chartered to arrange investor calls

KFH–Bahrain Launches A First-Of-Its-Kind Islamic Securitization Program

The Securitization Program has been designed in a way that can also be used for nonKFH-Bahrain financing portfolios, where the Bank acts as an arranger.

QIB honoured at The Asian Banker’s prestigious award ceremony

This is a testament to the significant progress QIB has made in establishing itself as a leading banking institution in the Middle East while maintaining its leadership position in Qatar.

Bahrain offers dollar bond, sukuk to plug growing budget gap

Bahrain likely to offer 7-year sukuk, and 12-year and 30-year conventional bonds

ADIB Securities receives 5-Star Brokers Excellence Rating from DFM

This prestigious rating, which is one of the highest in the industry, is another outstanding testament to the service excellence that we provide to our customers."

Qatar Islamic Bank announces competitive Home Finance offer

Customers applying for QIB’s Home Finance will also be eligible for the 12 months’ repayment grace period allowing them to own their home today and start paying the installments after one year.

Millennium launches international operations in Dubai

Millennium Information Solution Ltd (MISL), a major player providing game-changing core banking solutions for the growing Islamic banking sector, has set up its international operations in Dubai Internet City to serve the growing Shariah-compliant banking

Waha Capital launches income generating Islamic Fund

New open-ended Sharia-compliant fund to attract $500 million +