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

Qatar Islamic banks looking at overseas expansion: Fitch

The average impaired financing ratio was significantly lower for Islamic banks compared with their conventional peers at end of H1, 2019.

DIB’s 9-month net profit crosses Dh4 billion

Total income surpasses Dh10.25 billion, up by 20 per cent year on year

DIFC posts 45% solid growth in Islamic assets in 12 months

Islamic finance has been growing at 1.5 times the rate of traditional finance

Saudi Arabia ranks third for competitiveness in MENA

King Salman's Vision 2030 and the economic and social reforms that the Kingdom has implemented in the last few years have had monumental effects on the market

BisB Participates in FinTech Workshops Abroad

During the Workshops, Ms. Shunnar introduced the Bank’s latest digital innovations and technologically-empowered financial solutions

International Islamic Liquidity Management Corporation reissues $500mln sukuk

Reissuance consisted of $200 million with 3-week tenor and $300 million with 3-month tenor at a profit rate of 2% each

NBB push to comply with data protection law

Under the PDPL, organisations are required to obtain the consent of their customers to continue to communicate with them .

Global Islamic Financing Market 2019: Abu Dhabi Islamic Bank, Al Baraka Banking and Al Rajhi Bank

The key Islamic Financing market trends which have led to the development of Islamic Financing will drive useful market insights.

1,000 Islamic finance experts to take part in Bahrain forum

The largest and most prestigious gathering of Islamic banking and finance leaders is the flagship offering of Middle East Global Advisors.

Saudi Arabia's Samba issues $1bln international notes

The maturity date of the issuance is in five years, generating a 2.865 percent annual yield

Higher Shari’ah Authority for financial and banking activities in the UAE held its sixth meeting

HSA reviewed the preliminary draft of the operational requirements of the Murabaha Shari’ah standard

Emirates Islamic becomes UAE's first Islamic bank to offer dynamic currency conversion for visa card

Non-UAE Visa cardholders will now be able to view the exact conversion amount and fees in their home currency before making a cash withdrawal.

Bank Nizwa recognized for human capital development and community wellbeing

The bank scooped the GIFA Human Capital Development Award after showcasing strong emphasis on performance management and talent retention.

Asset management industry in GCC to grow steadily: Moody's

GCC investment managers had $260bln of Assets Under Management as of December last year

Slow growth is new norm for Islamic Finance

Global Sukuk issuance picks up pace as Islamic banking set for low single digit growth

Islamic finance contracts estimated to reach $2.5tn by end of 2019, says Qicca official

Qicca board member Sheikh Thani bin Ali bin Saud al-Thani made the statement during the ‘7th East Africa International Arbitration Conference’

Dubai Islamic Bank narrows losses ahead of expansion

The fully fledged Islamic bank increased lending from Sh42 million to Sh148 million.

KFH’s buyout of AUB moves a step closer

In a bourse statement yesterday, AUB said it has received reports from specialist advisers appointed to complete the due diligence on Sharia-compliant KFH, which were submitted to the AUB board for review and evaluation, without specifying when the result

Warba Bank gets Kuwait CMA’s nod to issue $500mln sukuk

The issuance is part of a sukuk programme at a maximum value of $2bln

ADIB introduces tablet kiosks to reduce customer service time

The digital tablets will be rolled out across ADIB’s branch network of over 70 branches in the UAE by the end of the year.