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

BankDhofar launches innovative podcast series to promote financial literacy

In collaboration with Hala FM

KFH Group completes the conversion of Ahli United Bank – Egypt to Sharia-compliant banking

This conversion is part of the strategic shift that the Group initiated following the successful acquisition of Ahli United Group-Bahrain in October 2022: official

Global Islamic Finance Summit 2024 - Shaping the future of Islamic Finance

The Global Islamic Finance Summit is proud to partner with the Maldives Islamic Bank as a Strategic Partner

International Islamic Banking Forum successfully concluded in Ethiopia

Interest-Free/ Islamic Finance Set to Transform Africa: Hassan Mohammed, State Minister of Industry, Ethiopia

Saudi Arabia poised to ignite Islamic insurance boom in GCC: report

Saudi authorities are actively working to reduce the number of uninsured vehicles and introduce new mandatory medical cover

Khaleeji Bank participates in Youth City 2030, introducing innovative “Ajyal” account to youngsters

Catering to Children & Teenagers up to 21 years oldold

Global ESG sukuk market shows strong growth in early 2024; Q3 slowdown expected: Fitch

In first half of 2024, 99% of all Fitch-rated green sukuk were investment-grade

Abu Dhabi Islamic Bank PJSC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024

Basic earnings per share from continuing operations was AED 0.39 compared to AED 0.304 a year ago.

Oman’s NBO Muzn unveils Shariah compliant alternative to bill discounting

Muzn continues to lead the way in Islamic banking innovation, providing tools that enable our clients to manage their financial responsibilities with ease and confidence.”

Bank Nizwa honoured with prestigious awards for outstanding performance and innovation in banking sector

Awarded the ‘Islamic Bank of the Year’ award at the New Age Banking Summit 2024

QIB half-yearly net profit rises 5.6% to QR2,065m

Basic earnings per share for the six months period ended 30 June 2024 is QR0.87

Dhofar Islamic empowers the young with new youth account

With this account, Dhofar Islamic aims to inspire a generation of confident and responsible financial leaders

Islamic banks account for 21% of gross domestic credit: CBUAE

Gross credit extended by CB rose since the beginning of the year to the end of April by 4.3% to $435bln

Nasdaq Dubai Welcomes USD 500 million Sukuk by the Sharjah Islamic Bank

Our vision is to continue innovating and providing excellent financial services that cater to the needs of our diverse clientele.

Emirates Islamic recognised as the ‘Most Innovative Islamic Bank in the UAE’ at Euromoney Islamic Finance Awards 2024

The bank receives prestigious award after pioneering innovation in Islamic banking in the region

Pact signed to promote Islamic finance in Oman

This partnership underscores MSX's dedication to creating a sustainable investment environment in Oman

Domestic and foreign funds lift QSE 34 points; Islamic equities continue to outperform

The foreign institutions turned bullish in the main market, whose year-to-date losses truncated further to 6.22%.

UAE’s ADIB facilitated Dhs5.6bn in sustainable finance in 2023

The Islamic bank recently unveiled 2030 emissions reduction targets for six key portfolio sectors including home and auto finance

Saudi Islamic banks positioned for robust growth amidst economic expansion: Fitch Ratings

Customers’ trust in Islamic banking principles further encourages them to deposit funds in banks that uphold these values.

ADIB and DIFC forge fintech pact

This collaboration establishes a dedicated programme to help ADIB discover and implement cutting-edge FinTech solutions to accelerate innovation within their organisation and external offerings.