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

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.

Arkan Bank could tap investors for $200mln through Nasdaq Dubai listing

Dubai Investments CEO says that it intends to retain a stake of 25% in new Islamic wholesale bank

INTERVIEW-Newly empowered Saudi women to help drive growth at Al Rajhi Bank

Female demand for cars to lift loan opportunities, says CEO.

UAE bankers see “huge demand” for Islamic trade finance, expect significant growth

While Abu Dhabi Commercial Bank is mainly focused on conventional trade, its Islamic trade flows have increased in the last two to three years, and, as a result, its Islamic trade products.

Dubai Investments to establish new Islamic bank in UAE

Plans revealed to set up new Islamic bank in Dubai Dubai Investments announces plans to lead a consortium of investors to launch Arkan Bank

DIEDC to collaborate with Turkmenistan bank

Partnership to strengthen synergies in Islamic finance sector

Dubai Investments to launch sharia-compliant Arkan Bank

The bank plans to list its shares on NASDAQ Dubai within 12 months of its establishment.

GCC’s Islamic banking penetration makes a big leap

Islamic financing asset growth to outpace conventional counterparts

Islamic finance to grow faster than conventional finance

According to the Moody’s top official, Islamic banking penetration in the Gulf Cooperation Council increased to 45 per cent of the total banking market, as of September 2017 from 31 per cent in 2008.

Maisarah wins 'Best Islamic Bank in Oman' Award 2017

The award was received by Ismail Jama Bait Isihaq, AGM & Chief Operating Officer of Maisarah at the awards distribution event which was held at the Shangri-La Hotel Dubai.