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

ADIB eyes sustained growth with 125% Q1 net profit surge

The bank said the net profit growth reflects the strong underlying performance across the business

Dubai Islamic Bank profit down year-on-year but quarterly growth brings cheer

The first quarter of 2020 was the last before the full-blown onset of the COVID-19 pandemic.

Moving away from LIBOR: Islamic Development Bank issues SOFR-linked sukuk

IsDB' s debut SOFR-linked Sukuk is a 3-year Floating Rate Note that raised $400mln from a single investor on a Private Placement basis

UAE’s Emirates Islamic Bank posts 37% rise in Q1 net profit

The bank’s operating profit dipped 12 per cent y-o-y to Dhs319m

Saudi Arabia's Al Rajhi Bank reports 40% increase in Q1

Saudi Arabia's biggest Islamic lender said net profit in the three months ended March 31 to $890.60mln

Sharjah Islamic Bank records 7% higher profits in Q1-21

Bank's net income from financing and investment products jumped by 17.6%

KFH wins "World`s Best Islamic Financial Institution 2021" award

The Group wins 5 global prestigious awards

KFH Demonstrates benefits of "It's Worth Transferring your Salary" Campaign

On Q8 Pulse Radio Station

Abu Dhabi Islamic Bank partners with IBM to accelerate its digital transformation

Step will help enhance ADIB's digital infrastructure, modernise operations and automate processes

ADIB provides financing for Albilad Capital's £87M landmark acquisition of PWC HQ in Northern Ireland

The property, known as Merchant Square, is situated at the heart of the Belfast Business District

Saudi Islamic Banks' Asset Quality Prone to Deterioration; Strong Capital and Liquidity

Islamic banks will continue to face pressure on profitability, particularly from lower official profit rates and elevated financing impairment charges.

Robust legal, regulatory framework helps Islamic finance growth in Qatar: Al-Kuwari

Qatari Islamic banks, he said showed "strong performance and high growth rates" in their profits in 2019.

7th Doha Islamic Finance Conference begins today

Participants will include governmental bodies, international organisations, financial and academic institutions in the fields of economics, finance and technology.

Saudi Islamic fintech market projected to be worth $47.5bn by 2025

Categories were weighted in order to derive an overall score, with a heavier weighting given to the categories deemed to drive conduciveness to Islamic fintech specifically.

Boubyan Bank sets yield at 3.95pc for perpetual dollar sukuk

Citi, NBK Capital, Standard Chartered , Abu Dhabi Islamic Bank, Boubyan Capital, Emirates NBD Capital, Kamco Invest, Kuwait International Bank and KFH Capital are arranging the deal, which is expected to close later on Wednesday.

NBB group AGM approves distribution of 20% cash dividends and 10% bonus shares

The Group's Shareholders eligible to receive the dividend, which will be distributed from 12th April 2021

Moody's assigns Ba2 rating to Arabian Centres' sukuk offering

Agency says Saudi mall operator has strong market position, good liquidity

Oman's Islamic Banking Growth to Continue Despite Pandemic

This is high considering that Oman was the last Gulf Cooperation Council (GCC) country to introduce Islamic banking in 2013.

Saudi-based Islamic Development Bank starts marketing dollar sukuk - document

The paper was offered at 39 basis points over mid-swaps

Al-Roshood: Corona pandemic demonstrated the success of the flexibility of KFH's performance and strategy

In a virtual "Kuwait`s Banking and Finance" roundtable