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

Emirates Islamic wins ‘most improved branches’ award

The bank was recognised for the enhancements in customer experience made to its branch network in 2017.

QIB gets nod to raise limit of its sukuk plan to $4bn

The general assembly also approved the board’s recommendation to increase in percentage ownership of non-Qataris in QIB’s capital from 25% to 49%, as well as the distribution of 50% cash dividends at QR5 per share.

Maisarah sets up sukuk programme

The first tranche of the sukuk Al Wakalah with a size of OMR50 million has been successfully closed by way of private placement.

The 'black magic' bank heist

Black magic is condemned by Islam as blasphemous.

KFH reaps 28 renowned international awards in 2017

Awards recognize KFH Group’s outstanding performances in all fields

Noor Bank Wins Two Accolades at the Service Olympian Awards 2017 in Dubai

Noor Bank was named a winner of the Best Social Media Customer Experience for implementing a meticulous and well thought-out social media strategy that in addition to deploying technology focused on improving the user experience.

Saudi developer plans debut sukuk for social housing

Sukuk are a common funding tool in the Gulf, used predominantly by Islamic banks, sovereigns and sovereign-linked firms, but issuance from private companies is seen as an important step to deepen the market.

Dubai's Al Ahli secures $340m financing to expand mall

The expansion of Dubai Outlet Mall will see 3mln sq ft added to the existing 1.1mln sq ft of built up area.

Islamic banking in Egypt increases 16 % in 2017: official

The volume of deposits has recorded 205 billion pounds by last December, seizing 6.5 percent of the volume of

Bahrain Islamic Bank posts BD 10.1 million net profit

Dr. Fakhro stated that total operating income for the last quarter of 2017 amounted to BD 10.3 million compared to BD 13.1 million for the same period last year.

Saudi exchange ‘aims to dominate Arabian Gulf markets’

This thinking has already been happening. It is the will and intention of the Tadawul to grow itself and become the biggest stock exchange in the region.

Dubai Islamic Bank to begin branchless banking by June

Nine conventional banks and financial institutions are already offering branchless banking services in Pakistan in collaboration with mobile phone services firms and technology companies.

Al Rajhi Bank: Looking to the future

In a conversation with Robin Amlôt, Consultant at CPI Financial, Steve Bertamini, CEO of Al Rajhi Bank, talks about the bank’s performance in 2017 and its plans in the economic development of the Kingdom of Saudi Arabia.

Noor Bank weighing sale of Islamic bonds

Lender plans to spend about $136m over next 3 years, mainly on technology upgrades to improve services and lower costs

ADIB fourth-quarter net profit up 33.4% on fees income, lower impairments

Full-year net profit in 2017 rose 17.7 per cent to Dh2.3 billion from Dh1.95bn

National Bank of Fujairah posts net profit of Dh471.9 million

Sheikh Saleh bin Mohamed bin Hamad Al Sharqi, chairman of NBF, said: "NBF has delivered strong performance through its renewed focus on being the financial partner for business, and meeting its customers' professional and personal needs."

KFH Capital Trusts KFH Group performance in Q1 2018

KFH Capital: Management, Arrangement and Issuance of US$ 1 Billion Sukuks for Dubai Islamic Bank

Dubai Islamic Bank issues $1 billion senior unsecured Sukuk

Dubai Islamic Bank has announced the successful pricing of $1 billion Sukuk issued with a five-year tenor, maturing on 6 February 2023.

Bahrain's Salam Bank to launch Islamic insurance products in Algeria in 2018-CEO

The lender would open 10 more branches in the country this year as the market for Islamic products was growing.

Emirates selects banks to arrange $1 billion Sukuk

Dubai-based airline Emirates has mandated eight banks including HSBC Holdings Plc and Standard Chartered Plc to manage a sale of Islamic bonds, according to media reports.

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