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

Islamic finance embracing small, medium enterprises

There is an ongoing trend in countries with Islamic finance ecosystems of discovering the importance of small and medium enterprises for economic well-being and growth.

La Française looks to build range of Islamic investment products

La Française, majority owned by Credit Mutuel Nord Europe, held 66 billion euros in assets under management at the end of December.

Global Finance names QIB ‘Best Islamic Financial Institution’

QIB was recogniSed by Global Finance after detailed assessments from international bankers, corporate finance executives, financial analysts and consultants.

Islamic finance embraces fintech

Across the globe, fintech sandboxes instigated by regulatory bodies have helped bring new players into regulatory scope while making regulators aware of growing trends within the industry.

Liquidity Provisioning Service Expands at ADX

This is the second liquidity provision agreement hosted by ADX since last year.

The rise of Muslim Millennials and what it means for Islamic finance

It caused partially fundamental changes in their lifestyles and political believes and transformed social coherence among young people, while it also brought rising unemployment which caused social researchers to assume that possible long-term economic an

ADIB's Etihad Guest VISA Gold named Best Premium Islamic Card at Banker ME Awards 2018

New joiners of the card will receive a welcome bonus of 35,000 Etihad Guest Miles.

Emirates Islamic offers personal finance up to 20 times customers' monthly salary

Customers can avail personal finance up to 20 times their salary during a special promotion valid until 8 May, 2018.

Qatar central bank to issue about as much riyal debt in 2018 as in 2017

Qatar's central bank plans to issue roughly the same amount of riyal debt in 2018 as it did in 2017, when it issued $13bln, including 18.5bln riyals of bonds and sukuk

Qatar central bank backs three-way Islamic bank merger

Masraf Al Rayan, Barwa Bank and International Bank of Qatar have been discussing a merger, though they missed an end-2017 target date to complete the proposed deal

Islamic Development Bank launches USD 500 million "innovation fund"

These entrepreneurs will also benefit from the abovementioned fund.

Dubai’s Damac said to hire Barclays, HSBC for possible sukuk

The developer, which has two golf-course development deals with U.S. President Donald Trump’s family company, in February reported full-year net income that missed the lowest analyst estimate.

Dubai Land Department Signs an e-Mortgage Agreement with Dubai Islamic Bank

The agreement aims to save customers both time and effort by integrating DLD and DIB services.

World Finance Islamic Finance Awards 2018

After a successful 2017, the Islamic finance sector looks set to encounter significant challenges this year. Those flourishing have mastered the ability of finding growth opportunities in new markets despite this uncertain landscape

Bahrain markets sukuk, not proceeding with conventional bond

The kingdom started meeting investors last week ahead of its planned international debt issuance

Albaraka Turk says aims to double assets in the next five years

Albaraka Turk is a subsidiary of Bahrain-based Al Baraka Banking Group.

DIB launches MyHome, a new home finance product

Customers to get more choice and flexibility

Dubai Islamic Bank’s ‘MyHome’ Is Set to Change UAE Home Finance Market

MyHome offers the widest range of profit rates in the UAE market giving customers greater choice and flexibility throughout the life of their home finance

ADIB wins four awards at IFN Awards 2018

Best Islamic Private Bank, Syndicated Deal of the year, UAE Deal of the Year, and Musharkah Deal of the Year.

Arkan Bank funding led by Dubai Investments as it sets eyes on Nasdaq

The bank’s shares are currently listed on the Dubai Financial Market.