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

Consumer spending in Islamic economy sectors totals $2.2 trillion

In addition, Islamic finance assets are estimated to have reached $2.5 trillion in 2018.

DIEDC, AAOIFI ink agreement to collaborate in Islamic Finance standards

Signing takes place during AAOIFI-World Bank 14th Annual Conference in Bahrain

Safest Islamic Banks In The GCC 2019

Gulf-region Islamic banks are joining forces to better compete`

QIIB wins two prestigious awards

“Winning these two prestigious awards is a recognition of our continuous efforts to develop our retail portfolio, create value-added products and provide the best Shariah-compliant banking services to our customers.”

Higher investment, fee income drive Abu Dhabi Islamic Bank profits higher

Bank sees 5.2% increase in profits in third quarter to Dh620m

QIIB to hold meetings with potential investors in various countries

A fixed rate resettable Regulation S Registered USD Additional Tier 1 perpetual non-call 5-year unrated Sukuk may follow, subject to market conditions.

Dubai Islamic Bank hires banks for dollar sukuk

Dubai Islamic Bank (DIB) has hired lenders to arrange meetings with investors ahead of a potential issue of five-year sukuk, or Islamic bonds, denominated in U.S. dollars, a document showed.

National Bank of Bahrain makes offer to buy Bahrain Islamic Bank

National Bank of Bahrain is the second-biggest shareholder in the Islamic lender alongside the government.

National Bank of Fujairah relocates its operation within Sharjah with its new branch opening

The new branch aims to incorporate Corporate, Retail and Priority Banking to cater to growing demand from Sharjah-based customers

CIBAFI & Ivey Business School launched this morning the 5th series of their joint Executive Programme

This year's programme is themed: "Strategic Thinking, Agile Leadership and Curiosity, and Application of FinTech Innovations".

Emirates Islamic: "The time for Islamic banking to come to the forefront of the finance sector is now"

2019 Islamic Banking Index reports highest penetration levels in 5 years

Dubai Islamic Bank introduces "Banking in Minutes" as it enters the next decade as a Digitally Intelligent Bank

DIB drives unprecedented enhancements to customer experience with "tech that helps"

Etihad Airways and Leading Financial Institution, Emirates Islamic, Expand Partnership

Etihad Guest have signed a Memorandum of Understanding to partner in launching a new jointly branded credit card.

Al Baraka Banking Group's net income reaches $132million in the first nine months of 2019

Total assets increased to exceed $25bln at the end of September 2019 compared to end of December 2018.

Islamic finance entrepreneurs eye new frontiers

The board said geopolitical and economic trends were partially behind the slower pace of expansion.

Islamic finance institutions need to rethink roles in current times, says Bank Rakyat

iSHAR is co-organised by Bank Rakyat and International Shari'ah Research Academy for Islamic Finance.

QIB hosts ceremony to award grand prize winners of Cards Summer Campaign

During the ceremony, QIB awarded two Visa card Grand Prize winners, Mohamed al-Asiry and Saoud Saif al-Azab, with a brand-new Lexus LX570.

Alizz Islamic Bank to organise Supply Chain Conference

Oman Economic Review Supply Chain Conference, presented by Alizz Islamic Bank, will be held on October 23 at the Grand Millennium, Muscat

Saudi Arabia said to plan $2.5bn sukuk issuance

Source says world's biggest oil exporter is seeking to take advantage of borrowing costs that are around the lowest in four years

KFH wins ‘World’s Best Islamic Financial Institution 2019’ award

All selections were made by the highly professional team of Global Finance, after extensive consultations with bankers, corporate finance executives and analysts throughout the world.