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

Saudi Arabia closes $3bln August sukuk program

Higher oil prices at times in recent months will also aid the healing of the Saudi economy in healing from the effects of the COVID-19 pandemic

The IFSB issued the Ninth Edition of its Annual Flagship Publication: the Islamic Financial Services Industry Stability Report 2021

The role of the Islamic social finance sector is very crucial in a post-COVID-19 financial system stability

ADIB's Ethical Finance Innovation Challenge and Awards hits 100 applications with deadline extended

Awards deadline extended due to high demand

Abu Dhabi’s ADIB lines up Dh124m for student housing in London

ADIB has steadily raised its lending visibility in UK’s property market

Fitch affirms QIIB’s rating at ‘A’

QIIB was established in 1990 as the second Islamic bank in Qatar and it is currently the third-largest Islamic bank listed on Qatar Stock Exchange in terms of assets and market value.

Islamic real estate financier posts net profit of $53.6m

During that same period, rental income decreased by 48 percent to 13 million dirhams as compared to 25 million dirhams during the first half of 2020.

SAMA launches Islamic finance research support program

The program covers a number of research areas, including: Islamic finance, Islamic banking, Islamic insurance, banking risk management, financial technologies (FinTech) in Islamic finance sector, Sharia governance, and other areas related to Islamic finan

Emirates Islamic wins global award for 'Best Credit Card' and 'Best Islamic Bank in Customer Experience'

he bank also won the accolade of 'Best Credit Card in the UAE' for its Skywards Black Credit Card

US$ 174.6 billion sukuk issued globally in 2020

IIFM Annual Sukuk Report 10th Edition Findings

Al Salam Bank - Bahrain announces financial results for the second quarter ended 30 June 2021

Total operating income for the quarter stood at BD 25.9 million (US$ 68.8 million), a decrease of 1.2% from BD 26.2 million (US$ 69.6 million) recorded in Q2 2020

Takaful’s net profit rises 75%

Family takaful fund achieved a deficit o f$180,394 in Q2-2021 compared to $21,222 for Q2-2020

Dubai Islamic Bank raises foreign shareholding limit to 40%

DIB gets central bank clearance, joins likes of Etisalat and du in raising limit

Kuwait Finance House Q2 profit more than triples

Kuwaiti banks' earnings were hit last year by the effects of the coronavirus pandemic and relative weakness in oil prices, impacting the Gulf state's economy.

Islamic banks’ market share expected to grow this year

“Liquidity is expected to remain adequate and likely to benefit from government support if needed,” said the report.

Islamic social finance has a bigger humanitarian role

Islamic finance is used towards contributing to environmental, social and humanitarian projects, in line with the spirit of Islam.

QIIB announces its results for the first half (H1) of 2021

The bank's results in the H1-2021 are the outcomes of the plans and goals that have been accomplished as part of the bank's short and long-term strategy

Global sukuk issuance hits record $100bln in H1 2021- Refinitiv

Sukuk issuances had a strong start this year and exceeded $50bln for the first time during Q2

Sharjah Islamic Bank's net operating profit increased 26%, net profit 15%

Strong results are a reflection of Bank's robust business policies on the face of challenging global operational conditions owing to the on-going Corona pandemic

Boubyan Bank proudly launches the world's first Islamic international digital bank

Nomo, part of the Boubyan Bank Group, offers Sharia-compliant UK bank accounts and financial management services for clients in Kuwait and the Middle East region

Alizz Islamic Bank strengthens 'IFIN' services in all Danube Home branches

Customers whose salaries are deposited with Alizz Islamic bank, whether Omanis with a salary of OMR 350 or expatriate residents with a salary of OMR 800 are eligible for the financing service.

Islamic Finance