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

Islamic finance can help GCC countries achieve their Visions

Islamic finance is becoming an increasingly important area of finance that Gulf economies are tapping into to broaden their economies

Strong performance of UK's regional office markets driving demand from GCC investors seeking long term secure income, says ADIB

The bank’s London-based team is offering financing support and advisory services for GCC clients.

Saudi's Al Rajhi Bank Q1 net profit up 7.3 pct

Al Rajhi has reported rising profit growth for nine quarters in a row.

KFH reports KD 44m net profit for Q1

Results confirm success of KFH’s strategy of innovation: Al-Marzouq

Sharjah Islamic Bank net profits rose to reach 143.1 million for the first quarter 2018

As a result of these achievements, Return on Average Shareholders’ Equity (ROAE) reached 10.77% by the end of the first quarter 2018

Malaysia’s Maybank Islamic in talks with regulators to launch operations in Dubai

Lender sees strong demand for sukuk and other sharia-compliant financing in the GCC

Global sukuk to grow 15%-20% in 2018, says Franklin Templeton

While growth has tapered in Islamic finance in general over the past two or three years, Kronfol attributed this to the high base of rapid expansion seen in the industry in the past 10 to 15 years.

ADIB recognised for online security leadership at Middle East Security Awards

ADIB uses cutting edge technologies and processes to protect customer information.

UAE's Noor Bank lists $500m sukuk on Nasdaq Dubai

Dubai-based Noor Bank lists second sukuk, following a previous $500 million listing in 2016

As Islamic finance grows, risk factors need more attention

As a result, the crisis prompted improvement and enhancement of accounting and liquidity standards such as Basel II and Basel III to equip banks with better risk buffers, and more intense scrutiny by rating agencies and credit insurance providers of the b

Afghanistan Approves First Full-fledged Islamic bank

The Islamic Bank of Afghanistan was previously known as Bakhtar Bank and operated under a conventional banking licence since it was acquired by Azizi Bank in 2009.

Bahrain Middle East Bank partners with ICIEC

BMB signed two agreements with ICIEC - a Documentary Credit Insurance Policy (DCIP) and Bank Master Policy (BMP).

Meethaq to promote global sukuk fund

The partnership heralds niche Islamic investment products in Oman and further consolidates the position of Meethaq as the pioneer of unique Islamic investment and wealth management product offerings in the Sultanate,” Al Harthy said.

Kuwait-Turk Best Islamic Bank in Turkey

Islamic Finance News magazine (IFN) honors the best financial and banking institutions operating in the Islamic finance sector

Dubai Islamic Bank Q1 profit up 16 percent

SICO Bahrain forecast the bank would make a net profit of 1.13 billion dirhams.

BisB: Hassan Jarrar Honoured Amongst Top 100 CEOs of the Gulf Region

Commenting on the occasion, Mr. Jarrar revealed: “I am delighted to receive this award and be recognized amongst the Top CEO’s of leading companies in the GCC."

Emirates Islamic Announces Q1 2018 Results

The Bank's balance sheet remains strong with improvements in credit quality and liquidity.

QIB beefs up mobile app features

A major functionality that the new update offers is the option of opening an additional bank account with a few taps of the screen.

QIB Q1 profit jumps 12.6% to QR625.2mn

Income from financing and investing activities grew by 8.6% to QR1.44bn in end-March

Qatar's Masraf Al Rayan's first quarter net profit rises 4.1 pct

It reported a net profit of 510 million riyals for the same period of last year.