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

NBO Muzn Islamic Banking Sorouh initiative with three strategic MoUs

The signings reflect Muzn Islamic Banking’s commitment to enable affordable home ownership through strategic partnerships and Shari’a compliant financial solutions

GCC Islamic banks to witness more M&A activity in 2025

Newer and smaller Islamic banks are more vulnerable to M&A due to weaker franchises, Fitch Ratings says

Boubyan Bank records KD 26.5mln in net profits for Q1 2025

Net profit growth of 6% and earnings per share of 5.31 fils

Bank Nizwa signs MoU with Knowledge Oman

Promoting Islamic Finance Awareness through Knowledge Sharing

Madinah forum to discuss Islamic finance progress

Symposium will explore six main topics and over 20 sub-themes, focusing on Islamic banking’s role in economic development, justice, and sustainability

BBK and Solidarity sign BD58 million Islamic Murabaha financing deal

Through this financing agreement, BBK reaffirms its active role in advancing Bahrain’s economic development and fostering financial resilience across the kingdom .

Qatar International Islamic Bank recommits to Misys

Qatar International Islamic Bank, a long-standing customer of Misys, is implementing the new version of the vendor’s core system for Islamic banks, FusionBanking Essence Islamic, front-to-back office.

Emirates Islamic successfully issues $750mln 5 year Senior Unsecured Sukuk

The Sukuk attracted a very strong order book in excess of USD 1.6 billion, resulting in a 2.1 times oversubscription rate

Gulf banks seal refinancing trades

Emirates Islamic Bank is well-liked by investors, including international investors.

Gulf Islamic Investments to double investment in the US

Company is exploring private equity and private debt opportunities in range of sectors

Islamic Finance Shows Potential in Central Asia as GCC Ties Deepen

Islamic banks are not covered as part of the deposit protection scheme in many Central Asian countries, which could negatively affect confidence.

WFW deal honoured with three awards by Islamic Finance News

The transaction was celebrated in IFN’s Deals of the Year special issue, winning the ‘Cross Border’, ‘Structured Finance’, and ‘Europe’ Deal of the Year 2024 awards.

Islamic treasury sukuk auction for February 2025 attracts bids worth AED 7.1bln

Marking an oversubscription of 6.5 times

Dubai Islamic Bank publishes its first sustainability-linked finance facilities financing framework

The first for any Islamic bank globally

ADIB becomes the first bank in the UAE to launch a banking experience on Apple Vision Pro as part of its 2035 vision

First Bank in the UAE to Offer a Mixed-Reality Immersive Banking Experience

ADIB-Egypt’s strategy, future vision to strengthen its market position are on right track: CEO

Our outstanding financial performance reflects a strong commitment to comprehensive growth.

NBO Muzn Islamic Banking introduces corporate running Wakala Financing solution

This solution empowers businesses of all sizes by addressing their critical working capital needs, receivable financing, and other funding requirements

ADIB Launches Money Management Tracker, Offering Customers Greater Insight Into Spending

This feature looks to empower customers to make more informed financial decisions

Bahrain: Ithmaar Bank launches reward programme for corporate clients

The programme offers eligible Ithmaar Modaraba accountholders the chance to win an additional one per cent profit on their investment

Maples Group supports Warba Bank with launch of $200mln Islamic fund

Establishing a Cayman Islands-based Shariah-compliant structure to allocate capital to its newly established Warba Islamic Income Fund