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

Oman- Islamic banking growth could slow in future: H E Amri

During the IFN Oman Forum, panel discussions were also organised in which delegates from various stakeholders discussed issues related to Shaira'a-compliant financial products.

Islamic finance set to extend growth faster than conventional finance

The growth of the Islamic finance sector will continue to outstrip the growth of conventional assets across core Islamic finance markets in coming years, as demand for Shari'ah-compliant financial instruments rises, says Moody's Investors Servic

Shariah compliant finance is now nearly half of GCC banking market: Moody's

Annual sukuk issuances have more than doubled to $100 billion from $42 billion from 2008 until September 2017.

Dubai Islamic Bank Shines Again With Twelve Distinctive Accolades at Islamic Finance News Awards

Held at the Ritz Carlton in DIFC, Dubai, on March 11, the IFN Awards are widely respected and recognized by the global Islamic financial community.

ABG, six units win top awards

Al Baraka Banking Group won Bahrain Deal of the Year Award and Regulatory Capital Deal of the year Award for its US$ 400 million Tier 1 Sukuk.

KFH Wins Best Islamic Bank in Middle East, Kuwait 2017 Awards

KFH established concrete pillars for Islamic financing industry.

ADIB Securities launches trading on Tadawul

New service gives GCC investors access to Tadawul

Sharjah issues USD 1 billion sukuks

The operation success, moreover, reflects the abundant financial resources and the lucrative investment environment, enjoyed by the emirate.

QIB launches new mobile app; revamps IR section on website

The new QIB app includes interactive financial screens enabling investors to see QIB’s historical share price and results while providing comparison with peers.

Saudi Dar Al Arkan Real Estate hires banks ahead of 5-year dollar sukuk deal

If the deal goes ahead, Dar Al Arkan will be the first Saudi company to issue an international bond this year.

Meethaq elevates mobile banking service with innovative features

The innovative features include tap & pay which is first of its kind in Oman, eCommerce where Meethaq is the first bank in the Middle East to offer this services

Indonesia issues two Islamic bonds on Nasdaq Dubai

Listed Islamic bonds on Dubai exchanges were also revealed to have arrived at an overall worth of USD56.47 billion, marking it as the most internationally major regulated trading platform for sukuk.

GCC’s first Shariah-compliant gold product launched

Trading will commence on the Exchange from March 29, 2018.

QIB aims to attract Qatari talent to bank

The career fair provides an opportunity for the bank’s human resources to meet with students and alumni for four days and introduce them to Islamic banking activities and the jobs the bank offers.

ADIB wins Best Islamic Bank in the UAE at EMEA Finance Awards

The accolade recognises ADIB’s track record of delivering innovative Sharia’a compliant products.

Dubai Islamic Bank wins Best Sukuk House at EMEA Finance Middle East Banking Awards for second consecutive year

UAE continues to be a leading sukuk market.

Al Hilal Global Sukuk Fund delivers 3.93% dividend

The Fund, which was launched in March 2012, distributed a 3.93% dividend to all registered unit holders.

Ibdar bank reports profits

Looking ahead, Sadeq said that the bank will continue to enhance its operating profitability in 2018 by “building on Ibdar’s track record and execution platform.”

Dubai Islamic Bank Kenya head-hunts for senior managers

DIB intends to exclusively offer Shariah-compliant banking services in the country.

New Islamic economy products unveiled in Dubai

The first product launched was the ‘Exchangeable Sukuk’, which has been created to mobilize resources using Sukuk that are tradable and don’t require the utilization of bank assets.