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

Saudi's Al Moammar Information Systems signs $77mln Islamic loan

The revolving facility will be renewable every year

ADIB launches second fund committed to a special financing strategy

The Fund is committed to a special financing strategy aimed at achieving attractive returns on a risk-adjusted basis of 6.50 per cent per annum by investing in leasing and other asset-based financing transactions across a wide range of sectors, credit por

Dubai Islamic Bank posts Dh1.1b first quarter net profit

DIB continues to deliver profitable results amidst an extraordinary global economic environment.

Bahraini bank Al Baraka boosts provisions to cover any virus impact

Other banks in the region, including Dubai’s largest bank Emirates NBD, have also increased their provisions in anticipation of the coronavirus outbreak’s impact on the credit market.

ADIB to market Islamic Leasing and Finance Opportunities Fund II exclusively in UAE

Follows successful launch of Fund I by ADIB to UAE-based clients in 2019

QIB wins 3 Global Banking & Finance Review awards

QIB Group CEO Bassel Gamal said, “Winning these awards by Global Banking & Finance Review, substantiates the investments we’ve made towards our digital offering and recognises the successful results of our digital transformation strategy.

Solidarity Fund: Dubai Islamic Bank unveils Dh120 million contribution

All of UAE rallies behind initiative to mitigate coronavirus repercussions in the UAE

Qatar- QIIB's Q1 profit tops QR267mn

There is no doubt that the results announced today reflect the success that we achieved.

Bahrain Islamic Bank launches new facility

The new service enables customers to get easy access to urgent cash instantly,

Al Salam Bank-Bahrain contributes over USD 1 million to combat the spread of COVID-19

USD 1 million contributed to the "Feena Khair" ("There is good in us") campaign

Abu Dhabi Islamic Bank in secondary market blockchain trade finance deal using TradeAssets

It is also a member of UAE Trade Connect another blockchain trade finance platform that includes some of the UAE’s largest banks.

Kuwait Financial House (KFH) Touts the Use of Ripple’s Payment Solution

An XRP community member, identified on Twitter as WrathofKahneman, reported this new development a couple of hours ago.

ADIB first Islamic bank to use Blockchain for trade distribution

As the only Islamic bank providing end-to-end Sharia’a-compliant trade financing through digital channels, ADIB is committed to expanding its digital footprint in trade financing and distribution, enhancing the efficiency and productivity of busines

Global sukuk issuance down 32% in Q1 2020, recovery expected in Q3

Market recovery expected in the third quarter with a total of $100bln sukuk issuance this year, says S&P

Islamic finance industry charts high-tech future

Based on the concept of shared profit and loss, the sector has in its relatively short existence grown to be worth $2.1tn

Islamic finance charts high-tech future

Islamic bankers are hoping modern platforms will open the industry up to young investors

Sharjah Islamic Bank introduces new and upgraded ATMs

The ATMs will feature NFC card readers as well as traditional card readers and will come with an Emirates ID reading and biometrics authentication capability.

Emirates NBD and Emirates Islamic jointly contribute funds to UAE Ministry of Education

Banks' contribution to provide students with laptops for distance learning during ongoing COVID-19 situation

Dubai Islamic Bank discloses Dh1.55 billion exposure to NMC

More banks admit loans to the troubled healthcare provider

International Islamic Trade Finance Cooperation provides US$850 million for COVID-19 Emergency Interventions for Organization of Islamic Cooperation (OIC) Member Countries in Most Need

Interim funds to be scaled up through close collaboration with strategic partners to offer trade finance and trade development solutions that meet the direct needs of member countries

Islamic Finance