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

Ahlibank’s Q1 results showcase growth and development, highlighting its leading position in the banking sector

The year 2024 marks ahlibank’s 16 year anniversary of having been established in the Sultanate

ADIB Business Banking Division unveils geographical expansion plan across the UAE

With its robust digital presence, expanding its geographical footprint across the UAE through strategic partnerships aimed at supporting SMEsTop of Form

Islamic Development Bank picks banks for 5-Yr sukuk sale, IFR reported

The price guidance for the benchmark-sized debt sale has been placed around 55 bps over U.S. SOFR mid-swap

At Arab Coordination Group Forum in Riyadh, Islamic Development Bank Unveils Multilingual Second Edition of Evaluation Glossary

Dubai Islamic Bank first quarter 2024 group financial results

DIB is pleased to have reached a settlement with NMC where DIB will receive cash consideration and Holdco notes in settlement of claims.

Oman’s Islamic banking sector sees 17.6% asset growth

Deposits at Islamic banks and windows also recorded an increase of 14.9 percent, reaching about OMR5.6 billion.

QIB recognized as Qatar’s Best Bank by Global Finance for a second year in a row

For its 31st annual World’s Best Banks, Global Finance Magazine recognized QIB for its exceptional performance and commitment to excellence in the banking sector

Emirates Islamic debuts $500 million financing facility

Financing facility is the 1st of its kind by a Shariah-compliant financial institution

QIIB awarded highest certification in payment security, data protection

This certification gained momentum and additional importance with the new standard

Islamic Banking’s Evolution: Q&A With Ahli United Bank Group CEO Ahmed Alkharji

Global Finance: Last year, Ahli United Bank [AUB] completed its conversion to an all-Islamic bank. Why did you choose to drop conventional banking?

Bank Nizwa approves cash dividends and Sukuk distribution at its Annual Ordinary and Extraordinary General Meetings

The bank reviewed its performance during the fiscal year ending on December 31, 2023, during which it achieved a strong financial performance

Khaleeji Bank holds its Annual General Meeting

New Board Members Elected

QIB recognized as World’s Best Islamic Retail Bank by The Asian Banker

QIB was awarded the World’s Best Islamic Retail Bank and Best Islamic Retail Bank in Qatar reflecting its exceptional performance

Bank of Sharjah acts as mandated lead arranger in a $800 million credit facility for Investcorp Capital

Transaction gained significant market interest

NBO Muzn Islamic Banking and Ministry of Awqaf simplify Haj Payment through digital innovation

The digitalised payment process enhances the overall experience for both businesses and individual pilgrims by providing a seamless and user-friendly platform

Dhofar Islamic introduces Ladies Account inspiring women’s financial independence

The Ladies Account is a Shari’a compliant savings account (based on Mudarabah principles).

Gulf Islamic Investments acquires a licensed investment and asset management firm in the Kingdom of Saudi Arabia

GII’s fully-fledged investment licence in the Kingdom, under the name Gulf International Investment Company, creates new opportunities to expand its business in the country

KIB earns “Best Customer-Focused Islamic Banking Products and Services in Kuwait” award from World Finance

Winning several titles at the 2023 Islamic Finance Awards

Alinma Bank initiates sale of AT1 sukuk - document

The Islamic lender plans to sell benchmark-sized U.S. dollar-denominated perpetual Additional Tier 1 Capital Certificates through a special purpose vehicle

Dubai Islamic Bank shareholders approve 45% dividend for 2023

With shareholders’ returns always a priority, this record-breaking financial performance led to a 45% cash dividend aggregating to an amount of around AED 3.25 billion