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

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.

Dismal: Newbie lenders struggle as loss streak continues

The sharia-compliant bank owned by the United Arab Emirates is barely two years old in the local market and has found it difficult to make its mark.

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.