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

Saudi Riyad Bank to issue dollar denominated Tier 1 capital sukuk

Amount and terms of offer to be set subject to market conditions

QIIB awarded “Best Bank in Qatar for Credit Card Offers 2021” by The Global Economics

Al-Jamal: "We work hard to provide our customers with the best and most credible and innovative features in the banking market."

Sharjah Islamic Bank's net profit up 26.7% in 2021

Customer deposits grow by $1.3bln in one year

New IsDBI book details practical ways of curtailing risk in Islamic Finance

The book, titled "Heavy Tails and Coherent Risk Measures in Islamic Finance", was authored by Dr. Mahmoud Bekri, a Research Economist at IsDBI

Masraf Al Rayan Reports A Net Profit Of QAR 1,718 Million

The results issued are subject to Qatar Central Bank’s approval and endorsement by shareholders at the Bank’s Annual General Assembly.

Alizz Islamic Bank announces restructured Bushra Account

“The new Bushra account gives customers the opportunity to grow their funds as we help them to save and invest and eventually get to their desired financial goals. We are always keen to offer the products and services needed by our valued customers,

Ithmaar Bank relaunches prize scheme

Ithmaar Bank has relaunched its Thimaar savings account, offering its holders 2,016 prizes

Dubai Islamic Bank's FY net profit climbs 39% despite income drop

Bank proposes 25% dividend

Emirates Islamic's net profit grows to AED 823mln for FY 2021

Operating profit improved 20% y-o-y

Sharjah Islamic Bank's net profit up 27%

Despite the partial recovery from the repercussions of the COVID-19 pandemic, the Bank continued its hedging policy to face the challenges

Faisal Islamic Bank Egypt reports 30.3% growth in 2021 standalone profit

Revenue rose by 17.3% YoY

Oman c.bank approves due diligence for Sohar Int'l Bank, Bank Nizwa merger

Sohar Bank reported to the Omani bourse on Nov. 23 expressions of interest to combine with Bank Nizwa, subject to regulatory and shareholder approvals.

Egypt completes $3bln loan for green and Islamic financing

The banks that arranged the loan included Emirates NBD and First Abu Dhabi Bank

QIB Profit grows by 16%

Board proposed to distribute 57.5% cash dividends to Shareholders

Qatar International Islamic Bank retains A credit rating from Moody's

The leading Islamic bank’s head said the rating reflects its ability to withstand the COVID-19 pandemic.

Egypt's Abu Dhabi Islamic Bank triples capital of subsidiary ADI-CF

The deal will enable ADI-CF to expand its sharia-compliant financing solutions for Egyptian consumers.

Saudi British Bank launches shariah-compliant green deposit product

Sustainability themes include renewable energy, sustainable water management

Saudi National Bank plans Sukuk denominated in US Dollar

The issuance is under the bank's international sukuk program established by it on Nov. 15, 2021

Promising outlook for global Sukuk market following robust 2021

Sukuk volumes in 2022 are expected to grow and remain a key financing source in core Islamic finance markets, Fitch Ratings says

ADIB Egypt raises capital of its consumer finance company to $1.90mln

The launch of the new company, which represents a paradigm shift in the consumer finance market, reflects ADIB Egypt’s commitment to supporting financial inclusion initiatives