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

BisB named strategic banking partner for HQ Industrial project in Hidd

The partnership is designed to strengthen the industrial SME ecosystem by providing specialized financial services

QIB wins 3 digital innovation awards from The Asset Triple A Islamic Finance Awards

Recognised as the ‘Best Islamic Bank for Digital Innovation’, QIB has set a benchmark in digital banking through its mobile-first strategy and continuous enhancements to the award-winning QIB Mobile App.

The Bahrain Institute of Banking and Finance signs a strategic partnership with AAOIFI to strengthen Islamic finance capacity

Aims to enhance the capacity and expertise of professionals within the Islamic finance industry through a range of joint initiatives

Sharjah Islamic Bank successfully completes sale of all treasury shares

The sale was completed shortly after the announcement of SIB’s third-quarter financial results

Boubyan Bank records net profit of KD 78m for the period ended September 2025

With this growth, the bank continues its exceptional success in sustainable growth, thus demonstrating the robustness of the bank’s financial position and its status as one of the major full-fledged banks in the Kuwaiti banking sector.

Qatar Islamic Bank's net profit grows by 5.8%

Total assets of the Bank as at 30 September 2025 stands at $59bln representing a growth of 6.9%

A banking alliance of five banks grants a joint Islamic financing facility (Mudaraba) worth EGP5.2bln

To Inertia Egypt for its Jefaira North Coast Project in Ras El Hekma

LSEG and ICD announce findings of the 2025 Islamic Finance Development Indicator report

Global Islamic finance assets projected to reach US$9.7 trillion by 2029

Islamic International Arab Bank Named Best Islamic Digital Bank in Jordan for 2025

Established in 1997, the Islamic International Arab Bank operates across all governorates of the Kingdom

Bahrain: Flooss appoints SICO to structure $10mln sukuk issuance

This transaction reflects ongoing efforts to advance shariah compliant capital markets instruments in the kingdom

Oman’s Islamic finance sector to top $40bn amid regulatory reforms, sukuk growth: Fitch

In the UAE the industry surpassed $285 billion in assets by the end of the first quarter of 2025, supported by strong demand and a deepening sukuk market, another Fitch report stated.

Sohar Islamic reaffirms commitment to Islamic finance as main sponsor of the 3rd Zakat Forum in Salalah

Reaffirming its role as a trusted partner in promoting Islamic finance and fostering meaningful dialogue on issues of social and economic importance

Saudi-listed Elm renews $133mln credit facility with Al Rajhi Bank

The loan will be used to finance working capital and issuance of bank guarantees

Emirates Islamic issues world’s first sustainability-linked financing sukuk of $500 million

Landmark issuance garnered significant global investor interest, underscoring the growing appeal of sustainable Islamic finance

Egypt: Faisal Islamic Bank’s consolidated drop 78.6% YoY in H1 2025

Meanwhile, net interest income went up to EGP 5.399 billion from EGP 4.625 billion

Sohar International & Sohar Islamic introduce new housing finance product for GCC nationals and expatriates

To Support Homebuyers and Investors in Oman

Al Baraka Islamic Bank signs strategic partnership with “Dhaman”

With the Aim of Enhancing Trade Finance and Expanding International Partnerships

Al Baraka Islamic Bank returns to Q2 profitability

The bank posted a net profit after tax of BD0.1 million in three-month period ended June 30 2025 compared to a net loss of BD1.5 million last year

ADIB Capital launches ADIB Islamic Trade Opportunities Fund

Targeting low duration diversified trade opportunities in developed markets

GCC ties to propel ASEAN Islamic finance past $1tn, Fitch says

GCC investors already hold stakes in some Malaysian banks