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

Standard Chartered Saadiq Inks MOU With TH For Long-Term Collaboration

The deals were booked at Standard Chartered Bank Offshore Labuan, making the deal the first Financial Market transaction for the offshore entity.

Dubai Islamic Bank shareholders approve Noor Bank acquisition

Shareholders gave approval for the acquisition through an increase of DIB’s capital from 6.6 billion shares to 7.2 billion shares, with a share swap ratio of 1 new share in DIB for every 5.49 Noor Bank shares, translating into an issuance of about 6

Cameroon bets on Islamic financing to boost financial inclusion and attract Middle Eastern investors

This type of finance “can promote the development of financial inclusion by targeting all those still excluded from the traditional financial system for cultural reasons.

Bukhamseen: KIB ensures its compliance with Shari'ah principles

As part of the 8th Shura Sharia Fiqh Conference

ADIB launches "Smartbanking" digital proposition for millennial customers

Pioneering proposition is aimed at large digitally-savvy population and centred around the millennials' lifestyle

Bank Nizwa CEO Highlights Prospects of Islamic Finance in the Region

Bank Nizwa CEO Khalid Al Kayed said, “Islamic finance is appealing to both individuals and corporates to invest in and leverage Shari’a-compliant solutions.

Gulf Islamic Investments exits Amazon's key German property

GII said its total assets under management has surged to $1.4 billion and it is now targeting to hit $2 billion next year.

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