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

Slowing GCC issuance stalls global sukuk market

Foreign currency issuance dropped 45% in the first half of 2018

IDB’ $1.3bn sukuk listed on Nasdaq Dubai

Nasdaq Dubai provides the IDB and its other regional and international issuers with close links to investors around the world as well as a first class listing infrastructure.

Emirates Islamic launches mortgages for non-residents

Customers can avail financing up to 50% of their UAE property value and repay over 25 years

A Promising Outlook for Islamic Finance

The global rating agency has been guiding the development of the financial sector with its data, analytics and benchmarking since 1860

Saudi Arabia-based ICD extends Islamic financing to Uzbek banks

The financing lines from the ICD, the private-sector arm of the Islamic Development Bank Group, are modest in size but would help local banks offer Islamic financial products of their own.

Global Finance names KFH the safest Islamic bank in GCC 2018

Recognition reiterates KFH’s robust position as a leading Islamic bank

'Oman's Islamic banks see remarkable growth'

The deposits with the Islamic banking sector also increased from OMR2.385 billion in March 2017 to OMR3.158 billion at the end of March 2018, a growth of 32.4 per cent.

QIB wins two awards at 7th New Age Banking Summit

QIB Group Chief Risk officer Rakesh Sanghvi participated as a panellist and shared his expertise and knowledge on the banking industry and the evolving financial ecosystem in the digital age.

Meethaq Marks 5 Year Partnership in Development of Oman's Economy

Meethaq maintains the leadership position in the Islamic banking industry in Oman

Al Hilal Bank Successfully Closes Landmark $500 Million Sukuk

The management team, led by CEO, Alex Coelho, met with over 90 institutional investors in London, Hong Kong, Singapore, Kuala Lumpur, Kuwait, Abu Dhabi and Dubai prior to placing the Sukuk.

QIIB bags ‘Best Bank in Qatar Award in Liquidity’

Al-Jamal pointed out that in the past few years, QIIB made continual leaps in most of its budget items and has achieved stable growth rates.

Abu Dhabi Islamic Bank aims to boost lending after capital increase

Sharia-compliant lender is studying another capital increase in 2019, acting CEO Al Shamsi says

ADIB raises $750 million in UAE’s first tier-one perpetual Sukuk

The Sukuk is compliant with Basel III regulatory framework issued by the Central Bank of the UAE.

Islamic banks face outdated property rules: industry body

Treatment of real estate across Islamic finance jurisdictions still reflected Basel II or pre-reform Basel III rules

Oman's islamic banking Assets jump

Islamic banks and windows provided total financing of RO3.32bn till the end of June 2018 compared to RO2.75bn a year ago, registering a growth of more than 20 per cent.

UAE Higher Sharia Authority held a consultation meeting with members of the Internal Sharia Control Committees

Consultation meeting to exchange views on various issues that concern Sharia compliance and Sharia governance.

Bahraini lender eyes piece of Kenya’s Islamic banking

The lender will be following in the footsteps of fellow Middle Eastern banker, Dubai Islamic Bank.

Abu Dhabi Islamic Bank sets initial price guidance for perpetual sukuk

Abu Dhabi Islamic Bank, HSBC and JPMorgan are coordinating the deal.

Burgan Bank can take advantage of new business opportunities with capital increase

Last Tuesday, Kuwait's Burgan Bank K.P.S.C. provided details on a capital increase after receiving approvals from the Central Bank of Kuwait and the local Capital Markets Authority.

ITFC to Implement U.S. $3 Billion Framework Agreements through two new Financing Agreements to Support Egypt’s Main Sectors

The Framework Agreement Initially signed on 30th January 2018