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

Alizz Islamic Bank reaffirms its leadership in Islamic banking at the 17th IFSB Summit

The Summit marked a significant milestone for Oman’s financial sector

Oman’s Islamic Finance eyes double-digit growth in 2026

Omani Islamic finance set for 2026 growth; Most Dollar issuances sukuk

Oman’s Islamic finance industry set to rise 25% to $45bln in 2026

Fitch expects loan growth of 6-7% on demand from retail and corporate sectors

Bahrain prices $800mln long 8-year sukuk and $1.3bln 12-year bond

The issuances will be listed on the London Stock Exchange

Sharjah Islamic Bank achieves net profit of $272mln in 2025

Income from Islamic financing investments and sukuk increased by AED175.0 million

Islamic bank Mal raises $230M in Gulf’s largest seed round

Getting license approvals either directly from regulators or through acquiring existing banks can be “fraught with compliance and regulatory hurdles

Aafaq rolls out World Elite Mastercard credit card

The launch comes after a 2023 collaboration between Mastercard and Aafaq, when the two joined forces to create new credit, prepaid, and commercial SME offerings.

Sohar Islamic Advances financial inclusion with the opening of its new Bowsher retail branch

This expansion brings the Bank’s total network to twenty branches and two service centres across the Sultanate, marking another strategic milestone in its ongoing efforts to strengthen physical accessibility and extend the reach of Sharia-compliant

Bahrain Islamic Bank signs MoU with University of Technology Bahrain to provide training opportunities for students

Bahrain Islamic Bank will offer training programs for students of the university to help them meet academic graduation requirements

Qatar Islamic Bank officially inaugurates its new head office at QIB Towers, West Bay

The event was hosted by QIB’s Chairman, Board of Directors, Group Chief Executive Officer, and Executive Management, reflecting the strategic importance of this milestone for the Bank and the wider financial sector.

Oman’s Islamic banking assets rise to $24bn on credit growth

The broader banking sector also saw solid credit growth in 2025.

Nasdaq Dubai welcomes USD 500mln Sukuk by Majid Al Futtaim amid strong momentum in Islamic Debt Markets

The Sukuk, maturing on 22 October 2035 with a profit rate of 4.875%

QIB secures global banking excellence award in London

In recent years, QIB has continued to invest in cutting-edge technologies and data-driven capabilities to provide a seamless, secure, and personalized banking experience.

Tokenization and digital sukuk set to transform GCC capital markets

Fitch forecasts innovation should sweep through Islamic debt issuance in the medium to long term in the region

BisB named strategic banking partner for HQ Industrial project in Hidd

The partnership is designed to strengthen the industrial SME ecosystem by providing specialized financial services

QIB wins 3 digital innovation awards from The Asset Triple A Islamic Finance Awards

Recognised as the ‘Best Islamic Bank for Digital Innovation’, QIB has set a benchmark in digital banking through its mobile-first strategy and continuous enhancements to the award-winning QIB Mobile App.

The Bahrain Institute of Banking and Finance signs a strategic partnership with AAOIFI to strengthen Islamic finance capacity

Aims to enhance the capacity and expertise of professionals within the Islamic finance industry through a range of joint initiatives

Islamic Finance