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

Sohar International & Sohar Islamic introduce new housing finance product for GCC nationals and expatriates

To Support Homebuyers and Investors in Oman

Al Baraka Islamic Bank signs strategic partnership with “Dhaman”

With the Aim of Enhancing Trade Finance and Expanding International Partnerships

Al Baraka Islamic Bank returns to Q2 profitability

The bank posted a net profit after tax of BD0.1 million in three-month period ended June 30 2025 compared to a net loss of BD1.5 million last year

ADIB Capital launches ADIB Islamic Trade Opportunities Fund

Targeting low duration diversified trade opportunities in developed markets

GCC ties to propel ASEAN Islamic finance past $1tn, Fitch says

GCC investors already hold stakes in some Malaysian banks

Bank Nizwa reinforces human capital development with second NANMU program for employees

Reaffirming its resolute dedication to nurturing high-caliber talent and cultivating deep-rooted capabilities within the Islamic banking sector

Dubai Islamic Bank surpasses $100b in assets on strong H1 growth

Net profit for the six months ended June stood at Dh3.7 billion, a 10% increase from a year earlier

DIB Reports robust H1’25 financial results, with operating revenue of AED6.4bln driving a 16% increase in pre-tax profit to AED4.3bln

Double-digit growth in financing and customer deposits

IsDB drives development across over 2 percent of world’s countries

The bank was founded through a visionary initiative led by Saudi King Faisal bin Abdulaziz

Backbase, the global leader in AI-powered banking technology, today announced the recent

As a digitally focused bank, LIB set out to differentiate itself through an experience-led approach to banking.

QIIB wins 2025 “Leadership Award for Sustainable Islamic Finance” in Qatar

The bank was also commended for its pioneering initiatives in developing products that are in line with the principles of sustainable Islamic finance.

Amlak Finance announces early and full settlement of outstanding financing facilities

Amlak successfully made an early settlement by paying AED 898 million to the six remaining financiers

S&P reaffirms ICIEC’s AA- financial strength and issuer credit rating with Stable outlook

This rating remains the highest within its peer group globally

Dubai Islamic Bank arranges $1bln sovereign financing for Government of Pakistan

The five-year facility is an innovative transaction, partially guaranteed by a Policy-Based Guarantee (PBG) from the Asian Development Bank (ADB) — marking the first PBG transaction of its kind undertaken by ADB for the country.

Sukuk issuances: AAOIFI unlikely to implement Standard 62 this year

The world of Islamic capital markets is anxiously awaiting the final version of Standard 62, which in its draft exposure emphasised ownership transfer of assets and asked for detailed treatment on hybrid sukuk as well as Tier-1 and Tier-2 capital sukuk

New Milestone for Al Baraka Bank Egypt: Four prestigious awards from EMEA Finance Cement its leadership in Islamic Finance

The diversity of awards highlights the bank’s excellence in structured and syndicated finance and Asset Based Securitisation

BIBF launches a new series of professional micro-credentials in Islamic finance

Supporting Bahrain’s position as a leading hub for Islamic banking

ADIB participates in the “Midday Break” initiative in collaboration with the Ministry of Human Resources and Emiratisation

Initiative enforces a midday work ban to safeguard labourers during peak heat hours

Leonteq partners with Emirates Islamic on Shari’a products

Swiss fintech firm Leonteq teams up with UAE’s Emirates Islamic to deliver bespoke Shari’a-compliant structured products.

Islamic finance assets up 4.1% in 2024, reaching QR683bn

Islamic finance assets in the State of Qatar experienced a 4.1 percent growth in 2024, reaching QR683bn ($187bn).