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

Islamic finance hubs in GCC, Southeast Asia come closer

In the banking industry alone, Malaysia targets to reach 40% Shariah-compliant banking assets as share of overall banking assets by 2020

Bank Nizwa named Strongest Islamic Retail Bank in Oman

Renowned for its Shari'a-compliant products and services catering to retail customers

Qatar partners Malaysia, Turkey to conquer Islamic finance market

Gas-rich Gulf state aims to escape blockade by diversifying economy

Abu Dhabi's bank merger to result in 1,000 job cuts

Talks among Abu Dhabi Commercial Bank, Union National Bank and privately-held Al Hilal Bank are at an advanced stage.

Saudi Arabia Banks in $4.5 Billion Settlement Over Islamic Taxes

Al Rajhi Bank faces the largest pay back, Alinma in credit

UAE lenders unaffected by troubles at Sharjah’s Invest Bank

The loss-making Sharjah bank has been hit by exposure to the UAE’s troubled real estate and construction markets.

Standardisation critical for Islamic finance’s success

But without proper standardisation globally, and adequate volume of cross-border business, Islamic finance cannot take the next step, which is globalisation

Bank of Sharjah celebrates 45 years of achievements

As a legacy Bank dedicated to being completely customer-centric in its approach, Bank of Sharjah is proud of its achievements

Alizz Islamic Bank Wins Award for 'Best Arabian Management Team'

The award seeks to encourage prominent Arabs at various levels and motivate them to pay more attention to community issues and lead with positive influence.

Dubai Investments unit said to hire HSBC, Citigroup for sukuk

Sources say the sale of Islamic bonds by Dubai Investments Park Development could raise about $500m

Malaysia's MIDF said to mull merger with Saudi's Al Rajhi

Sources say Malaysian Industrial Development Finance is seeking Saudi bank ties to become universal Islamic bank

Saudi banks close to deal with authorities on Islamic tax: sources

The previous calculation by the General Authority of Zakat and Tax (GAZT) was based on 2.5 percent of a bank's equity, with adjustments.

Liquidity squeeze hits sukuk sector

US interest rate rises and the end of the Federal Reserve’s quantitative easing program have lessened dollar availability

Dubai Islamic Bank triumphs at Islamic Banking Business and Finance Awards 2018

The awards distinguish and endorse institutions and individuals who have played a key role in nurturing the growth and expansion of the Islamic financial sector around the globe.

National Bank of Fujairah Awarded 'Best Islamic Window – UAE' at the Islamic Business and Finance Awards 2018

NBF highlighted once again its premier Islamic banking offerings in the UAE

Dubai Islamic Bank Triumphs at Islamic Business and Finance Awards 2018

The awards distinguish and endorse institutions and individuals who have played a key role in nurturing the growth and expansion of the Islamic financial sector around the globe.

Fitch forecasts ‘stable’ outlook for GCC Islamic banks in 2019

Government issuance and subsequent liquidity injections in the banking systems will continue to support solid liquidity in the region

Saudi Arabia’s ICD Bank Announces Blockchain Powered Islamic Banking Solutions

ICD is a branch of Islamic Development Bank Group which claim that the product penned with IFTS is solely designed to attempt liquidity management issues.

Kuwait International Bank revamps property management services

On his part, Head of the PMD at KIB, Yousef Al-Ajeel, said: "KIB always seeks to provide its customers with exceptional services across a myriad of areas.

Islamic Finance Market Report Offers the Extensive Research of the Market and the Detailed Insights on the Competitiveness of the Players

Islamic finance refers to the means by which corporations in the Muslim world, including banks and other lending institutions, raise capital in accordance with Sharia, or Islamic law.