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

Oman’s Meethaq Sukuk Company SPC repays $118mln sukuk

The sukuk is the second of three issued by the Meethaq Islamic Bank special purpose company

Sharjah Islamic Bank joins 'haifin' platform to combat fraud, support digital transformation in banking sector

They will make a meaningful contribution to the Consortium’s expansion while strengthening the security and transparency of the banking ecosystem by de-risking trade finance and driving digital solutions.

Saudi banks’ money supply surges 8% in March to reach $753bn

These deposits represented the second-largest portion, comprising 30 percent of the total money supply, following demand deposits, which constituted 50 percent at SR1.41 trillion.

Dukhan Bank bags two awards at Global Finance Awards

The criteria for the awards include technological innovation, leadership, brand strength, sustainability, and contributions to the growth of Islamic financing.

QIB announces new millionaire of Misk Account Draw

Additionally, four customers receive a monthly prize of QR50,000 while 15 customers selected weekly, receive QR10,000 each.

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

Islamic Finance