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

Boubyan Bank’s net profits grow by 19% in 2022 to reach KD 57.8mln

With a recommendation to distribute 6 fils in cash dividends and 6% in bonus shares

nogaholding wins $200m funding from Al Baraka Islamic Bank

The syndicate of lenders include Bahrain Islamic Bank (BisB), Khaleeji Commercial Bank and National Bank of Kuwait (NBK) – Bahrain.

Dubai Islamic Bank FY net profit jumps 26%; beats estimate

Impairment charges fell while net income rose

SIB launch new headquarters of its branch in Al Dhaid Mall

The opening is part of the SIB’s plan to enhance the scope of its corporate and individual customers and reach the largest segment of beneficiaries from its financial and banking services package in the central region.

Bank Nizwa partners with IFIN to offer instant islamic goods financing

Competitive rate starting from 4.5%

Kuwait Finance House – Bahrain Employees Awarded with the Islamic Arbitrator & Expert (CIAE) Certificate

The CIAE program is a comprehensive, international program covering all Sharia’a, legal and practical aspects in Islamic finance transactions.

QIIB announces the opening of nominations for membership of the Board of Directors

Shareholders who are wishing to apply for nomination are required to visit the Secretariat of the Board of Directors on the 3rd floor of QIIB headquarter, Grand Hamad St. through the bank's working hours from 8 am until 2 pm to fill the required nomi

UBF: Commercial Transactions Law 2022 boosts Islamic financial services

Enhancing the leading status of UAE banking sector

Abu Dhabi Islamic Bank increases stake in its Egyptian unit to more than 52%

The UAE bank bought 9.6 million shares from National Investment Bank

Emirates REIT closes $380mln sukuk issuance at 9.5% profit rate

The sukuk refinances the $400mln issuance of 2017

Sohar Islamic signs MoU with Ministry of Housing and Urban Planning

For providing convenient home financing solutions

ADIB launches its state-of-the-art digital Command Centre, ACE

The state-of-the-art facility places AI and analytics at the forefront of ADIB’s banking operations

Ahli islamic receives a prestigious award for Excellence in Islamic Retail Banking

At Alam Al-Iktisaad Wa Al Ama’al Awards

Bank Nizwa receives two prestigious awards at Alam Al-Iktisaad's Islamic Banking and Finance Summit 2022

Bank Nizwa awarded the 'Islamic Bank of the Year' title and 'Best Sustainable Banking Products Innovation' accolades

Standard Chartered launches Islamic Sustainable Account in the UAE

National Fire Fighting Manufacturing FZCO becomes first company to open an Islamic Sustainable Account in UAE

Refinitiv: Global Islamic Finance Industry expected to reach US$5.9trln by 2026

Malaysia leads the Islamic finance industry followed by Saudi Arabia, Indonesia, Bahrain, Kuwait, and the UAE

KFH signs an agreement with Pio-Tech to implement the RPA technology

It is worth noting that KFH has made great strides in its digital transformation strategy while enhancing customer experience and meeting their aspirations and needs, thanks to its unique and innovative banking services and solutions.

Volume of Islamic banking in Egypt estimated at EGP 459bn by end of September 2022

Islamic banking accounts for about 5% of total banking in the Egyptian market

Bank Nizwa launches Shari’ah-compliant eco-friendly payment cards

The cards unlock privileges that match the lifestyles of the bank’s premium customers, creating a seamless experience that is secure and hassle-free for cardholders.

Dubai Islamic Bank sells $750mln in debut sustainable sukuk

Bank ABC, Dubai Islamic Bank, Emirates NBD Capital , First Abu Dhabi Bank, KFH Capital, HSBC, Sharjah Islamic Bank and Standard Chartered are arranging the debt sale