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

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.

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

DIB has proven its resilience and agility in its response to what has been one the most challenging and unpredictable years for the UAE’s business community and the world as a whole.

KIB nabs 'Kuwait Deal of the Year 2020' award from IFN

As part of its growth-focused and financial development strategy

KFH - Bahrain launches mortgage-backed securities

This is the second issuance under the Securitization Program and follows the success of its first issuance, which was well received by the market.

Murex, DDCAP platform integration for Islamic finance

The packaged solution offers and delivers a depth and breadth of Sharia compliant

Saudis dominate Forbes Middle East’s 2021 list of top CEOs

SABIC’s Yousef Abdullah Al-Benyan, Kuwait Petroleum Corporation’s Hashem Hashem and Sonatrach’s Toufik Hakkar were also in the top 10.

Al Salam Bank Bahrain waives financing fees for vaccinated customers

Customers will also be able to take advantage of the special financing offer ending on May 15th 2021

Gulf Islamic Investments announces €250 Million acquisition of state-of-the-art office towers in Paris

-Gulf Islamic Investments acquires Altaïs Towers for approximately $300 million; the firm's largest transaction to date

ADIB-Egypt looks back on success in 2020 with unprecedented 10 awards

Global recognition awarded for ADIB-Egypt’s services, initiatives, innovation and customer excellence

KFH Bahrain receives STP Award from J.P. Morgan

The bank has achieved excellent performance and successfully implemented fully automated processes for money transfers

Islamic financing growth to outpace conventional lending in GCC, core Islamic markets in 2021

Bank mergers and consumer demand support Islamic financing assets growth in GCC

Qatar Islamic Insurance Group, SAP Sign Digital Transformation Partnership

The formal contract for a period of three years was signed by QIIG Group President and CEO, Ali Ibrahim Al Abdulghani and Khalid Mannai, Vice Chairman, Executive Committee of Mannai Corporation.

Sohar Islamic completes issuance of Takaful Oman's perpetual sukuk

As the issue managers and financial adviser, Sohar Islamic played a pivotal role in ensuring the successful issuance and completion of the entire activity.

Islamic finance to continue rising in 2021: Moody's

Supportive government policies to drive growth in Islamic banking, sukuk, takaful

Al Baraka Islamic bank announces financial results for the year ended 31 December 2020

Simultaneously, the Bank incorporated provisions against identified and expected losses, aligned with our approved policies, and added BD 8 million (2019: BD 6.55 million) as allowance for impairment during the financial year 2020

HSBC completes its Islamic trade facility in MENAT with QIB

This transaction signals a strong start to the year.”

Dubai Islamic Bank’s net profit drops 38% in 2020 due to increased provisions

Total revenues were AED13.14 billion, compared to AED13.68 billion over the same period the previous year, according to figures.

Signing of an Agency Agreement between Islamic Corporation for the Development of the Private Sector and Islamic Development Bank

ICD is offering its expertise in implementation of R2 “Restore Program” COVID-19 Support in the area of Line of Finance transactions