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

QFTH open to include Islamic fintechs, SMEs in first wave of IAP

QFTH has started receiving applications from entities that are looking for a launch-pad in the Middle East to accelerate their growth.

Dubai Islamic Bank sells $300mln in 2026 sukuk reopening, document shows

It set final price guidance at 240-245 basis points over midswaps, tightening from initial price guidance of around 250 bps

Al Salam Bank-Bahrain tops key performance indicator rankings for GCC banking sector

Highest reduction in non-performing financing by any listed bank in GCC

Islamic finance to grow at slower pace in 2020-21: S&P

At the same time, we see an opportunity in the current environment for accelerating and unlocking the long term potential of the industry.

ADIB recognized as 'Innovator in Islamic Finance' by Global Finance Magazine

In recent years, ADIB has invested heavily in innovative banking solutions as part of a digital transformation strategy.

Dubai outlines plans to unify legal framework for Islamic finance

The Islamic economy accounted for 9.9 per cent of the emirate's total GDP in 2018

DIB sells first sukuk in emirate since virus outbreak

DIB said almost half of the order book originated from outside the Middle East and North Africa region.

Baker McKenzie advises UAE insurance firm on AED 215 million buyout

The financial benefits of the acquisition agreement will be realised following successful completion of the deal, and when both insurance companies are fully merged under the Dar Al Takaful umbrella.

Dubai Islamic Bank successfully closes $1 billion sukuk

The 5-year sukuk was priced with a profit rate of 2.95 per cent per annum

Abu Dhabi's Al Hilal Bank sells its Islamic insurance subsidiary

Deal sees Siraj Holding acquire Al Hilal Takaful

Dar Al Takaful to acquire Noor Takaful for AED215 million

Given the complementary nature of the business of DAT and the Noor Takaful companies, DAT expects to generate synergies from the transaction.

Dubai Islamic Bank hires for US$ Reg S sukuk

The senior unsecured notes will be issued under DIB Sukuk’s US$7.5bn Trust Certificate Issuance Programme, subject to market conditions.

Dar Al Takaful to buy Noor Takaful for Dh215m

The Dubai-listed Islamic insurer says it expects the deal to conclude by the end of the month

Growing appetite for Shariah-compliant banking, takaful products in Qatar: OBG

The Qatar Central Bank signalled its intent to create a centralised standards body for IFS in 2020, OBG said in its ‘The Report: Qatar 2020’.

Moody’s affirms QIIB rating at ‘A2’ with stable outlook

The Qatari economy, which succeeded in combating the blockade and turned it into rich opportunities, positively reflected on the various economic sectors, particularly the banking sector.

Saudi Islamic Banks' Financial Metrics Deteriorated, but Sound

Islamic banks' profitability metrics remained above conventional banks' in 2019.

These 9 UAE companies rank among the world's Top 2,000

First Abu Dhabi Bank, the largest lender in the country, is ranked first in the UAE, fourth in the Arab world and 303rd globally.

Instant protection for your family through the QIB mobile app

Once customers successfully apply and complete the required simple steps, the policy issuance is managed and integrated directly with Beema’s online system.

Islamic trade finance body spent $5bn for development last yearMay

The ITFC has been mainly focusing on OIC member countries in Asia and Sub-Saharan Africa last year with the aim of making global value chains more purposeful in the role they play in reducing rural poverty and ensuring food security.

Emirates Islamic offers free international money transfers

All bank fees and corresponding network charges will be waived