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

The asset quality of GCC banks is quite sound: Al-Marzouq

The use of KFH e-channels has grown in recent years

QIB introduces instant finance via mobile app

The service enables existing customers of the bank to get top up financing instantly, in a completely paperless and digital manner without the need to visit the branch.

Conventional bank assets reach AED 2.26tr in UAE

There are currently 60 banks operating in the UAE

Global Islamic financing requires competent leadership

Need to develop Sharia, accounting, prudential standards, market practices

KFH participates in World Islamic Banking Conference

Islamic finance & sustainable economic growth in age of disruption

Al Hilal Bank executes the world's first Blockchain Sukuk transaction

Blockchain was used to transact a secondary market deal in Al Hilal Bank's Senior Sukuk maturing in September 2023

UK bank Rosette launches Islamic capital markets unit

This new division will have a particular focus on enabling UK public bodies access to the Islamic Capital Markets with a global reach.

Bahrain Islamic Bank Awarded Global Business Outlook’s ‘Best Online Bank, Bahrain’

The award follows the Bank’s success in providing innovative digital banking solutions and advanced platforms for its customers.

Oman’s US$1.5bn sovereign sukuk offering

The Linklaters team was led by Capital Markets partners Jonathan Fried and Cecil Quillen and associate Nicola Minervini.

Abu Dhabi Islamic Bank gets approval to allow 25% foreign ownership

Abu Dhabi Islamic Bank's board had in 2010 approved a plan to allow foreigners to own shares in the lender

Kuwait Finance House expects board to decide on AUB merger before year-end -CEO

Plans for potential mergers between banks in the Gulf have increased in the past two or three years after more moderate levels of oil prices hit state revenue, pushed up bad loans and squeezed bank profit margins.

Al Hilal Bank launches an initiative to provide Automated External Defibrillators

Invests in employee training in cooperation with Abu Dhabi Police

Global Finance names Boubyan bank as the best Islamic Digital Bank globally

Boubyan Bank added a new achievement to its global awards by receiving the Best Islamic Digital Bank Award, globally, for the fourth year in a row

UAE banking giant FAB rebrands Islamic arm

First Abu Dhabi Bank renames Islamic banking unit as First Abu Dhabi Islamic Finance

Bahrain Islamic Bank (BisB) Achieves 6.9 Million Dinars in 9 months

With an Increase of 26.2% Over the Same Period Last Year

First Abu Dhabi Bank launches new brand for Islamic business

First Abu Dhabi Islamic Finance will continue to work towards establishing itself as the Islamic finance provider of choice

Global Finance names Boubyan Bank as Best Islamic Digital Bank globally For the Fourth Year in A row

“The most significant aspect about this achievement is that it places Boubyan Bank, being an Arab Islamic bank, among major banks and this is a new achievement added to Kuwaiti banks as well as the banking and financial sector in Kuwait,” he a

IDB to sell $567m Sukuk

Credit Agricole, LBBW as well as Natixis and Standard Chartered are reportedly arranging the transaction.

Top Islamic banks vying for performance awards

Held under the patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa

Islamic Development Bank to sell 500 million euro sukuk

Credit Agricole, LBBW, Natixis and Standard Chartered are arranging the transaction, which will be finalised later on Wednesday