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

First Abu Dhabi Bank receives Oman CMA custody licence

Haitham al Salmi, general manager at Muscat Clearing and Depository, said, “We are delighted to welcome First Abu Dhabi Bank as custodian of the MCD."

Sharjah Islamic Bank posts Dh405.8m 2020 net profit

Board propose 8 per cent cash dividend

Saudi's NDMC announces closure of January issuance of sukuk program

The issuance size of the sukuk program in January was set at $788mln

Al Baraka Islamic Bank announces new scheme with over BD1 million in cash prizes

The new scheme of alBarakat account will offer customers the chance to win monthly prizes

Sharjah Islamic Bank achieved a net profit of AED 405.8 million for the year 2020 and propose 8% cash dividend

The exceptional circumstances that the world is going through, the Bank has been prudent to hedge the potential risks owing to these difficult economic conditions and has made a provision on its financial assets amounting to AED 255.8 million, compared to

First Abu Dhabi Bank heads to market with $500m Islamic bond

This year could see $129b worth of dollar and Islamic debt offerings issued in Gulf

Al Baraka Islamic wins top retail banking awards

The Online Awards Ceremony (OAC) of the 6thedition was held live recently and broadcasted through multiple online channels.

GCC bond issuance hits $47.5bln in 11 months

Sukuks issued by the governments stood at $28.7bln and was almost equally split during the first half the second half of the year

Bahrain, UAE and Saudi Arabia ranked in world's top five Islamic finance economies by the Islamic Development Bank

Research by Refinitiv and the Islamic Corporation for the Development of the Private Sector (ICD) puts Bahrain in the lead in MENA and third place globally

QIB grants 18,000 Absher rewards points to mark Qatar National Day

The Absher Rewards Program is a comprehensive rewards program that allows QIB customers to earn points when transferring their salaries for the first time, open fixed deposit accounts, use their QIB Debit and Credit cards, international remittance and reg

Global Islamic finance assets expected to reach $3.69 trillion in 2024

The Islamic banking sector grew 14 per cent in 2019, equating to $1.99 trillion in global assets

Global Islamic finance assets expected to reach $3.69 trillion in 2024

The Islamic banking sector grew 14 per cent in 2019, equating to $1.99 trillion in global assets

GCC Islamic banks' pressured asset quality and earnings; stable capital and liquidity

Related Fitch Ratings Content: Fitch Ratings 2021 Outlook: Gulf Cooperation Council Islamic Banks

Global Islamic Finance Assets Expected to Hit $ 3.69 trillion in 2024

Islamic finance assets increased 14 percent to US$ 2.88 trillion in 2019, the highest recorded growth for the industry since the global financial crisis

Qatar bourse witnesses modest buying in Islamic equities

Market capitalisation saw about QR1bn or 0.16% decline to QR597.63bn, mainly owing to midcap segments.

Financing agreement between the Islamic Corporation for the Development of the Private Sector and CBI - Burkina Faso

To finance private sector enterprises in Burkina Faso, affected by the Covid-19 pandemic

Islamic banking gains prominence in the UAE

Penetration of Islamic banking products on the rise among UAE customers

Islamic banks urged to push digital services as UAE demand dips

New Index reveals small reduction in the overall penetration and intention of Islamic banking products in the UAE

Revealed: Why UAE residents prefer Islamic banks over conventional banks for loans

Shariah-compliant banks lead in personal finance products due to several factors, mainly for transparency and trust.

Growth of Islamic finance in numbers globally, in Saudi, and the UAE

The most famous rule in Islamic finance is the ban on usury.