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

Saudi Arabia issues $2.6bn worth of riyals-denominated Sukuk in April

The first tranche has a size of SR6.402 billion maturing in 2032

Mastercard recognizes QIB on the anniversary of first Islamic point of sale solution in Qatar

Launched in 2018, QIB’s PoS solution and online payment gateway was introduced to serve the Bank’s corporate customers and support their banking needs

Al Baraka Islamic Bank Launches Exclusive Real Estate Financing Solutions to Customers

The Bank will be offering Sharia’a compliant real estate financing solutions to customers looking to own their own housing property from Burooj Property Development.

How Islamic Finance Can Support the Gambia's Economic Development

According to him, limited access to finance is a significant obstacle to growth and a prominent indicator of the ease of doing business in developing countries.

QIB wins 3 prestigious awards at Global Finance world’s best Islamic financial institutions 2022

QIB Named ‘World’s Best Islamic Corporate Bank', 'World’s Best Islamic Bank for CSR' and ‘Best Islamic Financial Institution in Qatar’

QIB profit grows 14% to reach QR855m in Q1

The Bank was also able to achieve reduction in cost of funding (profit paid to Sukuk and Unrestricted Investment Account holders) enabling growth in the Net Operating Income.

Emirates Islamic launches Emarati Business Account to support UAE national companies

The account can be opened within a period of 24 hours

Qatar's QIC, QInvest to create Islamic asset management company

The new company, jointly owned by QIC and QInvest, will be a Sharia‘a compliant entity, regulated by Qatar Financial Centre Regulatory Authority

Qatar takes part in Arab Monetary Fund, Arab Finance Ministers Council meetings

Minister of Finance H E Ali bin Ahmed Al Kuwari participated in the opening session of the Arab Monetary Fund’s Joint annual meetings of financial authorities, and the 13th meeting of the Arab Finance Ministers Council.

ADIB postpones instalments for finance customers during Ramadan 2022

Launches many social initiatives

The top 15 companies to work for in the UAE, according to LinkedIn

Chalhoub Group, Mubadala Investment Company, Mediclinic, HSBC and Aster DM Healthcare round out the top 5 list

Saudi Arabia’s Islamic banks lending grow by a record 17.9% in 2021

Looking at the structure of financing provided by the Saudi Islamic banks, Murabaha reached SR779 billion at the end of 2021.

Al Rajhi Bank - Jordan signs with ICSFS

"We are proud to be chosen by Al Rajhi Bank - Jordan as their strategic technology partner.

The Islamic finance industry has been bracing for a new world since COVID-19

Support measures by regulators in the leading Islamic finance markets allowed financial institutions to mitigate any issues they have faced and helped them ease their financial conditions.

Saudi Arabia regains position as global leader in sukuk, Islamic financing: Bloomberg

Additionally, the UAE rounded out the top 3 places with around $14 billion in total issuances.

Dubai Islamic Bank, PMRC join hands to promote housing finance

"The Bank holds a significant share in mortgage finance market and this collaboration, will further strengthen our role in this sector”.

Over $400bln required to bridge ‘digital divide’: Saudi-based ISDB chairman

Official calls on governments to help address huge disparities in internet access

QIB named ‘Most Efficient Bank in Middle East and Africa’ in 2021

QIB’s latest results affirmed its position as one of the leading banks in the region.

Muzn Islamic Banking records 24% rise in net profit

With a focus on innovation and digital banking, its 2021 strategy included several new product launches such as the DM Personal Finance and the investment referral program

Sharjah Islamic Bank wins the Dubai Service Excellence Program award

The scheme honours the extraordinary efforts and commitment to adopting best practices and achieving excellence locally and regionally.