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

Huge potential for Islamic banking in Egypt; lack of political will stymies growth

Shariah-compliant financial services can make major gains in 2018.

The new investment trend: Islamic ETFs

Exchange Traded Funds, or Islamic ETFs.

Minister calls for enhancing Islamic finance initiatives

Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani said Islamic banks are playing a key role in financing the private sector projects which increased its contribution in the local market.

KFH traded sukuk volume reaches KD 16.6bn in 2017

The surge in KFH-Group traded sukuk volume in 2017 is considerable owing to the increase in sovereign issuances in the GCC governments.

Bahrain-Turkey banking ties highlighted

The visit also included and the Credit Records Bureau of Turkey.

Meethaq wins Best Islamic banking in Oman award

Meethaq has crossed a milestone of over OMR1 billion in assets and accounts for over 33% market share in terms of assets and is the market leader in Islamic banking in Oman.

Islamic insurers to refocus on profitable segments

Positive environment in the industry expected to attract new investors

Finance Minister to open Islamic Finance meet

The growing development of the Islamic finance industry reflects the efficiency and effectiveness of the Islamic finance instruments to contain financial shocks and adapt to developments, despite the economic changes and challenges in the arena.

‘Qatar has strong economic foundation to build on Islamic finance industry’

The event aims to enhance Islamic finance tools for benefiting from the digital world

Trakhees makes it easier for its customers by Integrating with Dubai Islamic Bank

Omar Al Hamli said the agreement with DIB will make payments easier using DIB’s smart channels.

Sharjah Islamic Bank issues sukuk to raise $72.47mln

Shareholders had approved the issuance of sukuk convertible into 10% of the ordinary share capital by the bank.

‘Bitcoin is prohibited by Islam,' says Egyptian mufti

The cryptocurrency, which started circulating in 2009, has become the most prominent of several fledgling digital currencies

Sovereigns dominate sukuk market in 2017, trend expected to continue in 2018

Challenging oil prices and burgeoning budgetary deficits among the oil-producing economies supported a sharp increase in issuance of sovereign sukuk in 2017

Stronger leadership guiding KFH Malaysia towards resurgence as leading Islamic bank

World’s oldest Islamic bank has strengthened its leadership to provide sharia-compliant products and services to an even broader market

Alizz Islamic Bank recently won the award for ‘Best Sukuk Deal 2017

The award was received on behalf of the bank by Mustafa al Lawati, head of investment banking, project finance and syndications at Alizz Islamic Bank, according to a press release.

Turkey’s Islamic banks may need more capital to fund growth, says Fitch report

Islamic banks’ capitalisation is adequate “but capital ratios are sensitive to further non-performing financing growth and Turkish lira depreciation”.

Islamic finance is becoming so attractive that even non-Muslims want in

The value of sovereign sukuk, or Islamic bonds, issued outside the Middle East and Southeast Asia by non-Muslim countries reached $2.25 billion in the 11 months through November

Takaful Emarat agrees to buy Al Hilal Takaful to form the UAE's largest Islamic insurer

Both firms had Dh900 million in combined gross written contributions in 2016

Alizz Islamic Bank CEO wins Best Arab CEO award

The Arab Best Awards was launched in 2016 to recognise and celebrate excellence in leadership, business, community and sports in the Arab world.

Islamic finance plays larger role in sustaining economic growth

The report studied key trends across five indicators used to measure the development of the $2.2 trillion Islamic finance industry which are: Quantitative Development, Knowledge, Governance, Corporate Social Responsibility and Awareness.