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

Ajman Bank’s Head of Marketing wins prestigious WOMANi 2023 Award by Cambridge IFA

This award recognizes exceptional women leaders in the financial and insurance sectors, highlighting their contributions to the industry

IsDBI and BIBF agree on strategic collaboration for islamic finance capacity development

The agreement was signed on the sidelines of the AAOIFI-IsDB Islamic Banking and Finance Conference

Oman Arab Bank and Al Izz Islamic Bank hold joint board meeting to drive greater value in the banking sector

The meeting was a platform for aligning strategic objectives, risk governance frameworks, and corporate governance principles

Turkish banks secure $40m Murabaha deal with ITFC to boost private sector financing

Murabaha, an Islamic financing structure, operates as a sales contract wherein the price of goods or items is determined based on customer requirements, including a pre-agreed profit margin.

QIIB achieves ISO certification in cybersecurity

This affirms that the QIIB is not only securing its banking transactions, but also ensuring that digital assets and customer data are protected in an increasingly interconnected world.

Ahlibank discusses importance of diversification in Wealth Management Conference

The high-profile event provided valuable insights to ahlibank's Exclusiv clients

QIB named ‘Bank of the Year in Qatar’ from The Banker Magazine (Financial Times Group)

The accolade highlights QIB's financial strength manifested by the bank’s strong capital position and asset quality and its consistent profitability

CBUAE hosts events with Islamic finance infrastructure organisations to promote sustainable finance

The events took place in Abu Dhabi on 27 and 28 November 2023, are part of CBUAE’s efforts to promote sustainable finance and expedite initiatives tackling climate change challenges

IsDB Institute issues french edition of the book on Islamic development bank’s historical evolution

Originally published in the Arabic language and later in the English language, the book documents the remarkable history and exceptional achievements of the Islamic Development Bank

Islamic Development Bank Institute Delivers High-Level Islamic Finance Executive Program Sessions

The sessions were part of the 6th edition of the Saudi-Spanish Center for Islamic Economics and Finance Islamic Finance Executive Program.

Aafaq Islamic Finance named as the Best Islamic Digital Banking Services in the UAE by MEA Finance Awards 2023

A testimony to its excellence and innovation in the Islamic financial sector

Islamic finance – View from the investor

There is a steady demand coming from investors wanting to have exposure to these funds.

BankDhofar Corporate Banking Division outlines innovative solutions to elevate customer experience

The bank brings in agility, innovation through its deep understanding of customer needs in the Sultanate of Oman

UAE: Abu Dhabi Islamic Bank successfully issues $500m green senior sukuk

The issuance attracted interest from more than 100 global and regional investors with the final order book closing at $2.6bn

For a sustainable future: Dubai Islamic Bank empowers youth financial literacy

DIB's commitment to empowering the youth in the field of finance is underscored by this groundbreaking event, which is the first of its kind

Abu Dhabi Islamic Bank to issue first green sukuk

Islamic lender picks banks to arrange investor calls on November 6 and 7

Dubai Islamic Bank’s Q3 2023 net profit rises 18% to $1.3bln

Growth supported by higher core revenues, lower impairment charges

Bank Nizwa's commitment to sustainable urban development takes center stage at Urban October

Spotlighting the significant role that cities play in shaping environmental sustainability and economic resilience

BankDhofar introduces a seamless online experience for opening children’s account

This new feature makes it easier and more convenient for parents to get their children started on the right financial footing

QIB profit grows by 7.2% to reach QR3,055m for nine months

Financing activities have now reached QR122bn having grown by 2.1% compared to December 2022 and up by 1% compared to September 2022.