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

Dubai Islamic Bank reports Dh3.12b 9-month net profits

Earnings squeezed by a 151 per cent year on year surge in impairments

IIFM Publishes Ijarah Sukuk Standards

This IIFM Sukuk Al Ijarah Standards for Asset-Based Sukuk are a culmination of extensive industry assessment, market consultation, working group deliberation and Shari’ah guidance.

Islamic syndications become attractive than sukuk in GCC

Compared to bank loans syndicated deals attract larger amounts for longer tenors

Islamic Corporation for the Development of the Private Sector Completes Pricing for a 5-Year USD 600 Million Sukuk Issuance

This is the largest Sukuk issuance by ICD (Rated A2 (stable) by Moody’s; A (negative) by Fitch Ratings) since inception

UAE Central Bank joins hands with Dubai Islamic Economy Development Centre to strengthen Islamic banking

CBUAE and DIEDC will work together to publish joint research and exchange knowledge

Sharjah Islamic Bank wins two prestigious international awards

Sharjah Islamic Bank has recently won many prestigious and valuable awards in recognition of its innovative digital solutions and distinguished services

Bird & Bird advises on issuance of US$500m Sukuk for Emirates Islamic Bank

This transaction showcases the growing capability of Bird & Bird to advise on notable debt capital markets and Islamic finance transactions in the region and across the globe.

Saudi Arabia strengthens position as world’s largest Islamic finance market

Moody’s anticipates a shift to more Shariah-compliant finance over the next 12-18 months as corporates and households increasingly use Islamic products

$ 73.5 billion in Sukuk on “Nasdaq Dubai” – the economic...

The sector of environmental, social and corporate governance instruments is also witnessing a growth in which Nasdaq Dubai plays a leading role, as it hosted 7 environmental, social and institutional governance instruments, with a total value of $ 6.55 bi

Qatar- Umnia Bank's services and products witness steady growth: Sheikh Dr Khalid

Customers' confidence in the bank increased its total assets to about 3.6bn Moroccan dirhams, and we hope that such momentum will persist so as to strengthen the bank's position as the first bank licensed to practice Islamic banking in the Moroc

Emirates Islamis Closes $500million Sukuk Issuance

The success of this transaction, in an especially busy period of GCC fixed-income financing, shows the Bank’s appeal to investors.

Qatari Islamic banks’ balance sheet grew to nearly $90bn in 2019: S&P

S&P projects that average real GDP growth for the six GCC countries will slightly accelerate in 2020 compared with 2019, but this will be primarily spurred by higher oil production.

$2.5t Islamic finance sector to rebound gradually

Covid-19 offers an opportunity for more integrated and transformative growth with a higher degree of standardisation, stronger focus on the industry's social role.

QIB recognised ‘Islamic Bank of The Year’ at The Asset Triple A Islamic Finance Awards

Under Gamal’s leadership, QIB outperformed competition, and managed to become the second largest bank in Qatar, and the largest private bank in the country.

Sukuk market to lag 2019 performance on lower corporate issuance

Standardisation, alignment with ESG and issuance of social and green financing instruments may boost growth after the pandemic subsides, according to S&P Global's head of Islamic Finance

Saudi-based Islamic investment firm acquires West Michigan properties in joint venture

The portfolio includes a mix of tenants in the automotive, manufacturing and the telecommunications industries.

Emirates Islamic successfully closes US$ 500 million Sukuk issuance

The landmark issuance rated A+ by Fitch will be listed on NASDAQ Dubai and Euronext Dublin

Fitch Named Best Islamic Finance Rating Agency by GIFA 2020

It is the leading agency to provide globally standardised cross-sector rating action sector commentaries and takaful-specific considerations within its global insurance rating criteria.

Islamic Finance In The Global Digital Economy

Islamic finance can be seen as a unique form of socially responsible investment.

Sharjah Islamic Bank wins Sukuk Deal of the Year 2020 Award

The bank was able to generate significant momentum from regional and international investors, reflecting strongly on their reputation as a source of quality credit in the financial markets.