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

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.

Al Rayan Bank wins ‘Best Islamic Bank in the UK’ honour

The bank has been named as the ‘Best Islamic Bank in the UK’ at the 2017 Islamic Finance News Awards.

Dubai Islamic Bank Inspires Staff to Get ‘DIB Active’

This is a quality addition to the overall support we provide our staff - research shows that the benefits of wellness programs in the workplace include an increase in productivity and morale, a decrease in stress and even a drop in days lost to illness.

Al Hilal Bank Partners With SunTec to Manage Vat for Its Customers

SunTec’s Xelerate for VAT, in its current form, has been specifically developed for the Gulf co-operation countries to cater to their newly added complexity of taxes.

DIB named Fastest Growing Bank in the UAE

Dubai Islamic Bank, DIB, has been recognised as the Fastest Growing Bank in the country at this year’s International Finance Magazine Awards.

Safwa Islamic Bank, MEPS ink co-op agreement

These internationally and locally-recognized cards will enable users to make secure internet purchases and to utilize ATMs and point-of-sale devices, it stated.

Al Hilal Bank receives Best CSR in Islamic Banking UAE Award

CEO of Al Hilal Bank received the award on behalf of the bank from Saleh Al Akrabi, Chairman of CPI Financial and CEO of DIFC Property Management.

Ajman Bank reports Dh132.61m in net profit

Islamic financing and investing assets surged 21.55% in 2017

Abu Dhabi fund Goldilocks buys stake in GFH

Bahraini investment bank aiming for approval from Saudi Arabia in the first half of this year to cross-list on the Tadawul stock exchange

Kuwait International Bank wins ‘Best Customer Acquisition GCC’

This latest accolade, which came as part of World Finance’s annual GCC Investment and Development Awards, was awarded to KIB after extensive deliberation by the latter’s Editorial Panel.

Gatehouse Bank partners with Blueprint

I am very pleased about this partnership, as there is clear synergy with Blueprint

Noor Bank and UB QFPay Release Innovative Mobile Wallet Acceptance Solution in UAE

This partnership is well aligned to the strategic focus of the bank on delivering an enhanced customer experience through digital transformation.

Dubai Islamic Bank net profit up 11% on core business growth

Net profit crosses Dh4.5 billion and total income exceeds Dh10 billion

Al Baraka Banking Group seeks to strengthen relations with Iraqi banks

Adnan Ahmed Yousif, President and Chief Executive of Al Baraka Banking Group and Chairman of the Bahrain Association of Banks, along with a delegation from the Union of Arab Banks, recently visited Baghdad to strengthen relations between the Bahraini bank

Islamic Finance