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

KFH – Bahrain’s MyHassad wins Most Innovative Islamic Savings Product from The Banker Magazine

A new achievement reflecting its leadership in islamic banking

Al Baraka Islamic Bank achieves positive turnaround with net income of BD12thousand in Q1 2026

Income Before Tax Increases by 13% and Loss Attributable to Shareholders Declines by 66%

GCC sukuk issuance rises 13.1% as Saudi Arabia leads despite conflict concerns

The figures highlight the growing importance of Gulf capital markets in the global Islamic finance industry

GCC sukuk issuance rises 13.1% as Saudi Arabia leads despite conflict concerns

The figures highlight the growing importance of Gulf capital markets in the global Islamic finance industry, with Saudi Arabia continuing to drive sukuk activity through local-currency issuance.

Oman: Meethaq Islamic Banking tops $5.1bln in assets

The fund aims to achieve capital growth and sustainable returns by investing in Sharia-compliant equities across regional markets

KFH – Bahrain wins “Best Islamic Financial Institution” and “Best Bank in Bahrain” for 2026 from Global Finance

These awards reflect the Bank’s firm commitment to institutional excellence and the delivery of best-in-class banking practices

Abu Dhabi Family Business Council Signs MOU with Abu Dhabi Islamic Bank to Deliver Tailored Banking Solutions for High-Net-Worth Individuals

ADIB will also develop a dedicated electronic portal on its official website exclusively for ADFBC members, built in full coordination with the Council.

Emirates Islamic launches Sharia-compliant digital gold and silver investment

New app-based service allows customers to buy, sell and store precious metals

JSC approves JD10m Islamic sukuk issuance

It also aligns with the company’s broader plan to issue multiple tranches totalling JD100 million.

Al Baraka Islamic Bank launches alBarakat 2026 scheme

With a fresh identity and unveils the enhanced alBarakat Plus account

Sharjah Islamic Bank posts 19.4% profit growth in Q1

Strong financing income and diversified revenue streams lift net profit to Dh381 million

Warba Bank announces new management structure

To strengthen position as leading Islamic bank serving customers and Kuwaiti economy

GCC Islamic banks show resilience amid geopolitical tensions

The agency highlights that GCC-based Islamic banks are well positioned to absorb shocks if tensions remain contained.

ADIB mobilises $5.53bln in sustainable finance in 2025

ADIB played a key role in structuring and participating in a range of landmark sustainable finance transactions across the UAE and the region

KFH–Bahrain introduces new Eid banknote withdrawals via extreme teller machines for the first time

A move that reflects the Bank’s ongoing commitment to sharing the joy of festive occasions with its customers

Ithmaar Bank continues to provide banking services to its corporate clients

Ensuring to meet their needs with flexibility and security during the recent development in the region

Sharjah Islamic Bank’s General Assembly approves 20% cash dividend and capital increase in the golden jubilee year

H.E. Abdul Rahman Al Owais, Chairman of the Board of Directors of SIB, chaired the Bank’s AGM

GCC banks are well buffered against Iran conflict credit risks

Fitch believes GCC sovereign ratings generally have sufficient headroom to withstand a short regional conflict that does not escalate significantly further

Suez Canal Bank, Alameda partner to integrate premium banking, healthcare services

The partnership reflects the bank’s strategy to broaden its suite of non-financial services, offering clients added value beyond traditional banking products through alliances with leading institutions in key sectors

IsDB announces $2.41bn in new financing for development sectors

The bank also approved €116 million ($135 million) to upgrade Senegal’s Dakar Expressway Project.

Islamic Finance