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

Central Bank Pushes for Islamic Banking at Bahrain Conference

The Central Bank of Afghanistan delegation traveled to Malaysia to attend the International Forum on Islamic Economics and Finance.

Dubai Islamic Bank nine month 2024 group financial results

Balance Sheet expands to AED 329 billion, up almost 5% YTD

ADIB becomes first UAE bank to safely test fractional Sukuks offering to retail investors

This supports the UAE's leading position as a global hub for technological innovation and financial services

Al Salam Bank Launches ASB Capital: A New Asset Management Firm in the DIFC with AUMs of USD 4.5 Billion

The announcement was made on the sidelines of the Gateway Gulf Investment Forum held in the Kingdom of Bahrain on November 3 and 4, 2024.

Bait Al-Mashura Journal ranks first in Arab World for specialisation of Islamic Economics and Finance

The rank was awarded by the Arab Citation and Impact Factor (ARCIF), for the year 2024.

Sharjah Islamic Bank's profit before tax Increased by 29% for nine month period ended 30 September 2024

The overall revenue increase is because of the SIB's strong core performance; focus on SIB’s customer-centric approach and multiple new high profit oriented customized products

Ithmaar Bank enables digital onboarding in Bahrain

Ithmaar Bank designed this service to cater to the needs of corporates and SMEs clients

IsDB to finance $3bn in 20 socio-economic projects across 17 countries

Initiatives target key sectors such as agriculture, water resources, and energy, as well as health care and infrastructure

Ahli islamic wins Excellence in Retail Islamic Banking award 2024

The Alam Al Iktisaad Awards are a benchmark of distinction in the local business and financial sectors

Retail investors are Abu Dhabi Islamic Bank PJSC's biggest owners and were hit after market cap dropped د.إ2.7b

The top 5 shareholders own 51% of the company

Islamic banking in Egyptian market hits $15.23bln in June 2024

Islamic banking now constitutes 4% of the overall Egyptian banking market

Bank investments in monetary bills, Islamic CD hit $62bln by end of Q2-24: CBUAE

The statistics showed that the Central Bank’s foreign assets increased by 5.3 percent

Oman’s Islamic banking assets surge 18%, reflecting broader GCC growth trends

The growth in Oman aligns with a broader regional trend.

QIB Wins Five Awards at The Asset Triple A Islamic Finance Awards

QIB's Group CEO Bassel Gamal said that these awards reflect the Bank's ongoing commitment to delivering innovative, customer-focused Islamic banking solutions

GCC Islamic banks to maintain strong profitability driven by economic growth

Profit margins are expected to remain insulated from potential Fed monetary policy easing

Network International partners with ruya to improve Islamic Banking

The partnership is expected to elevate Shariah-compliant banking standards and drive innovation within the UAE’s expanding digital economy.

Bank Nizwa discusses key Islamic banking topics at Islamic Finance news Oman 2024 conference

The bank was awarded with the ‘Best Islamic Bank in Oman’ title

BankDhofar launches innovative podcast series to promote financial literacy

In collaboration with Hala FM

KFH Group completes the conversion of Ahli United Bank – Egypt to Sharia-compliant banking

This conversion is part of the strategic shift that the Group initiated following the successful acquisition of Ahli United Group-Bahrain in October 2022: official

Global Islamic Finance Summit 2024 - Shaping the future of Islamic Finance

The Global Islamic Finance Summit is proud to partner with the Maldives Islamic Bank as a Strategic Partner