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

Al Baraka Islamic Bank signs co-operation agreements with ICIEC

The agreements were signed in a private forum held in Tunisia.

Sharjah Islamic Bank lists $500mln Sukuk on Nasdaq Dubai

The listing supports the continuing expansion of SIB’s Sharia’a-compliant financial activities.

Al Baraka Banking Group's Q1 net income up 11pc

During the first quarter of 2018, the fluctuations of local currencies in a number of Arab and Middle Eastern countries where ABG units operate against the US dollar continued, which affected the reported growth figures of both income and balance sheet it

ADIB wins Best Islamic Savings Account Provider at Yallacompare Awards

ADIB also offer other saving products such as Children Banoon Savings and Youth Savings product with free AIESEC card.

KIB awarded ‘Best Customer Acquisition in Kuwait’ by CPI Financial

KIB’s Acting Chief Executive Officer & Deputy Chief Executive Officer, Mohamed El Saka, received the award on behalf of the Bank.

Bahrain Islamic Bank Q1 net profit up 267 per cent

Bahrain Islamic Bank has achieved a net profit of BD 2.2 million for the period ending on 31 March 2018

KFH-Bahrain Launch Mobile Application for Clients to Manage Their Credit Cards

Once the app, labelled ‘KFHB Cards’ on the two stores, is downloaded, the client will need to complete a registration process using the same information registered at KFH-Bahrain.

CIBAFI launches its third Global Forum

The two-day Forum, gathered stakeholders from the Islamic finance industry, multilateral development institutions, international and national regulatory bodies, policy-makers, and academia to discuss the key emerging issues within the industry.

Emirates Islamic named Best Islamic Banking Brand by Global Brands

The award reaffirms the bank’s excellence in innovation, improvement in customer service.

Dubai Islamic Bank Recognized by Dubai Service Excellence Scheme for the Widest Implementation of Happiness Meter

Established in 2002, the Dubai Service Excellence Scheme is aimed at promoting excellence in customer service standards in the private sector.

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

Islamic Finance