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

Islamic finance picks up on best practices

There is so much of ‘socially responsible investing’ already in place in its ways

Turkey's Islamic banking assets to ‘double’ in decade

$2.6B International Financial Centre in Istanbul scheduled to open in 2023 will be ‘new catalyst for growth’, says Moody’s

Boubyan Bank announces a successful offer for BLME Holdings plc

Valid acceptances, together with Boubyan Group's existing shareholdings, represent approximately 67.44 per cent. of the issued ordinary share capital of BLME

Qatar Islamic Bank Sponsors Qatar's First Franchise Conference Expo 2020

The expo’s organizers stress that the favorable economic growth in Qatar encouraged many regional and international retail chains to establish presence in the country.

Turkish Treasury to issue gold-backed bonds and sukuk to corporate investors

The bonds and sukuk will have a 6-month interest or rent rate of 0.38%

ADIB goes digital at UAE branches as it courts 'savvy' customers

The tech overhaul is part of the bank's digital strategy, which helped it achieve a 48% rise in average monthly credit card sales

Why Global Islamic Finance Will Grow At Slow Rate

This follows a 10% growth rate in 2017 but only 2%-3% growth in 2018.

Boubyan Bank's profits in 2019

Growth rate of 12%

Kuwait Finance House (KFH) press release on the acquisition of Ahli United Bank B.S.C.

Ordinary and Extraordinary General Assembly Meetings And Public Press Conference

National Bank of Bahrain set to own 78.8% of Bahrain Islamic, both banks to operate independently

Bahrain Islamic Bank posted a drop in profit of 48.51% for the third quarter of 2019 as impairment costs rose.

QIB recognised as ‘Best Islamic Bank in Qatar’

The votes reflect the views of a large and dedicated audience, which voted QIB as the “Best Islamic Bank” in Qatar.

Bahrain’s Mumtalakat raises $500 mln in Islamic bonds

Citi, Gulf International Bank GLFBK.UL, HSBC, KFH Capital, National Bank of Bahrain NATB.BH and Standard Chartered STANB.UL arranged the deal.

Bahrain's GFH hires banks to market five-year dollar sukuk

The banks will market the bonds through a series of meetings starting on January 15 in Asia, the United Arab Emirates and London

Emirates Islamic contributes $544,000 to MBRU

Through this contribution, we aim to provide high-quality healthcare services to people living in areas where medical facilities are inaccessible and further contribute to building a stronger, healthier and happier community.”

KIB awarded 'Fastest Growing Islamic Bank MENA' 2019

This achievement underlines the merit of KIB's new strategic direction; a key component for its remarkable growth and expansion in the banking sector

Kuwait Finance House revamps its KFH Jazeel banking app

One of the key features of KFH Jazeel Banking is the provision of application service to the customer for Tamweely Personal Finance with an immediate initial approval.

Alizz Islamic Bank recently Wins ‘Best Premium Credit Card’ at The Signature Luxury 100 awards

Signature magazine’s annual luxury list awards, recognised Alizz Islamic Bank for taking significant steps in its mission to become the premier Islamic financial services provider in the country by providing world of exclusive privileges

Kuwait Finance House-Bahrain honours "Fursan Baytik" employees for Q3 2019

The award ceremony was held at the Bank's Headquarters located at Bahrain World Trade Center, in the presence of several officials and executives from the Bank

Al Salam Bank-Bahrain opens new Riffa branch in Al Raya Mall

The new branch replaces the previous Mashtan branch with a larger, more strategic location

QIIB selects IBM Safer Payments to advance fraud prevention

QIIB is a privately-owned Islamic bank in the State of Qatar offering personal and corporate Islamic banking solutions.