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

Emirates Islamic launches campaign to provide relief to SMEs amid surges in freight costs

Preferential pricing campaign to support SME trade community

Arada secures additional Dh250 million funding from Dubai Islamic Bank

Financing will facilitate ongoing construction at the Aljada megaproject in New Sharjah

Dukhan Bank announces issuance of debut Additional Tier 1 $500m Sukuk

Chairman and Managing Director of Dukhan Bank, Sheikh Mohammed bin Hamad bin Jassim Al Thani, expressed his happiness with the success of this issuance: “We are very pleased with the success achieved by the issuance of this Sukuk which follows along

Abu Dhabi royals-owned real estate firm begins dollar sukuk sale

Emirates NBD Capital and First Abu Dhabi Bank acted as global coordinators

Qatar's Dukhan Bank gives initial guidance for dollar AT1 sukuk

Dukhan's sukuk will be non-callable for five-and-a-half years.

Sharjah Islamic Bank Wins ‘Best Service Performance Brand Award’ In Dubai Service Excellence Scheme For 2020

The Scheme receives great competition from various business sectors, industries, and verticals from both local and international brands.

IIFM maintains its focused approach on Islamic industry development

The Board of Directors discussed IIFM's ongoing standardization initiatives which are positively supporting the systematic and robust expansion of the Islamic finance industry

The Banker names KFH Best Islamic Bank in Middle East, Kuwait

The Magazine said that this year’s awards recognize Islamic lenders that have managed to keep pace with the growing sophistication and increasing demands of Islamic banking customers around the world, particularly within the digital realm.

QIIB awarded ‘Best Islamic Digital Bank in Qatar’

QIIB’s customers can also avail of personal financing via mobile banking without the need to visit the bank.

Al Baraka Islamic Bank Wins ‘Best Bank For Social Media Bahrain 2021’ Award For The Second Consecutive Year

The Bank ranks among the leading providers of Islamic banking products and services to its international clientele and focuses primarily on developing innovative and distinguished Investment solutions in compliance with Islamic Sharia principles, supporte

Islamic Finance and Wealth Management industry remains resilient

Islamic finance and wealth management industry faced the dual shocks of adjusting to the pandemic and historically low oil prices in 2020.

KIB acts as joint lead manager for AUB's USD 600m T1 Sukuk issuance

The mudaraba-based unconvertible Sukuk were issued at a fixed profit rate of 3.875%, with the first reset date set as December 17, 2026

Bahrain's Al Salam Bank client deposits triple

Tremendous response to its new ‘Life Planning’ scheme indicates the huge appetite in the market for short-term, flexible savings solutions

Qatar International Islamic Bank mulls 100% foreign ownership

Move needs regulatory and shareholder approval, says board

Saudi Tadawul Group releases 2020 annual report

The Saudi Stock Exchange (Tadawul) announced its transformation into a holding group structure, Saudi Tadawul Group, in Q1 2021

Assets of UAE Islamic banks grow by 5% in 2020: Central Bank

Islamic financial sector has total assets $213bln

Kuwait’s Ahli United Bank lists $600mln sukuk on Nasdaq Dubai

Tier 1 Capital Certificates attracted more than $1.7bln in orders

Dubai Islamic Bank closes $1b senior sukuk

The sukuk was 3 times oversubscribed with an orderbook that peaked at $3 billion

Qatar’s Islamic finance assets reach QR528bn in 2020

The Governor said that during this crisis, banks witnessed pressures on their systems and budgets through the required harmonisation between continued credit granting, asset reclassification and provisions for credit losses.

Kuwait Finance House Spearheads RegTech in the GCC with Expanded Partnership with Codebase Technologies

The implementation will enable KFH to flexibly and rapidly respond to an ever-evolving regulatory environment while ensuring compliance and consistent, precise reporting.