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

Merger momentum for Islamic banks to continue in 2020

Consolidation needed in some markets which remain overbanked, says Fitch Ratings' global head of Islamic Finance

QIB enhances its corporate Internet banking capabilities

One of which is SWEEP – Liquidity Management, which allows customers to set up instructions on the online portal to make end of day sweeping between accounts.

Deyaar and Dubai Islamic Bank to Provide Attractive Home Financing Solutions

Speaking on the collaboration, Saeed Al Qatami, CEO of Deyaar, said: “The timing has never been better for a financing partnership of this kind, with handover of Midtown’s Afnan District ongoing and Dania District set for completion soon.

World Islamic Banking Conference opens in Bahrain

Showcasing his support for Islamic finance entities to thrive and grow globally and stressing on the way forward for the industry, Godwin Emefiele, Governor, Central Bank of Nigeria in his address said: “Globally, banking and ﬁnancial landscapes hav

Ithmaar Bank named Fastest Growing Islamic Fintech Bank

The WIBC, hosted in strategic partnership with the CBB, brings Islamic banking experts from across the world to Bahrain to discuss key issues and review the latest developments and share insight into current trends

Dubai Islamic Bank closes second foray into global capital markets

Dubai Islamic Bank says $750m five-year sukuk was oversubscribed with order book in excess of $2bn

Islamic Development Bank set to raise $1.10bln in euro green sukuk

The triple-A rated financial institution is offering investors 28 basis points over mid-swaps for the debt sale.

Top Islamic finance institutions vie for WIBC awards

Over 1,200 participants, 50+ country representations, 98+ partners, and 60+ high-profile speakers will provide breakthrough insights that will help Islamic Finance realise its global value proposition.

Al Fulaij: National Bank of Kuwait looks to diversification

NBK Chief Executive Officer-Kuwait In an interview with MEED

IFDI 2019 witnesses shifting dynamics in Islamic finance

This growth slowed from previous years, however, this was particularly noticeable in some of the industry’s main markets where the wider economy is sluggish.

UAE's largest Shariah-compliant bank is about to get bigger: Dubai Islamic board to meet Nov 25 re Noor Bank acquisition

The bank added that its “new size and scale” when combined with Noor Bank “will allow DIB to expedite its strategy to connect the dots from Far East, sub-continent, and East Africa with Dubai”.

Wethaq launches first fintech Sukuk on its market infrastructure using SWIFT gpi Link

Al Ghurair Investments LLC (AGI) acted as the issuer, advised by Mashreqbank PSC acting as lead arranger

Islamic finance becoming a global force, says report

It states that the industry was successfully building upon its Shariah-based principles of ethical and sustainable finance and banking to attract new clients

Dubai Islamic Bank Successfully Closes Landmark USD 750 Million Sukuk

The deal was priced intraday after completing a global roadshow in Hong Kong and London, as well as several investor calls.

Bahrain records 1st place in Islamic finance development

It collects scores across five component areas " quantitative development, knowledge, governance, corporate social responsibility, and awareness " for the 131 countries where Islamic finance has a presence.

KIB records KD 12.8 million net profits

Profits were credited to depositors’ accounts upon announcement of the financial results.

Standard and Poor's Global confirms Boubyan Bank's long-term issuer credit rating at "A/Stable"

Assigning It with the Second Highest Credit Rating in Kuwait: Al-Majed: We Take Pride in Such Recognitions as We Reap the Fruit of Our Hard Work over the Past Years

Bahrain ranked first in MENA by Islamic Finance Development Indicator for seventh consecutive year

Research by the Islamic Development Bank and Refinitiv puts Kingdom in the lead regionally and second globally

Islamic Development Bank hires banks for green euro sukuk

Green bonds are a growing category of fixed-income securities

Islamic Development Bank to raise $500m via debut green sukuk

President Bandar Hajjar predicts five-fold increase in Islamic bond market by 2030