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

QIB’s ‘How Money Works’ program reaches 344 students in 2019/2020 academic year

In September 2019, QIB and Injaz Qatar kicked off the second academic year of the 3-year program, which this year targets 400 students from universities

Riyad Bank hires banks for dollar sukuk issue

The potential debt sale’s purpose is to diversify sources of finance and strengthen the bank’s capital base.

The IFSB disseminates data of 2019Q3 for Islamic banking systems in member countries

The IFSB Task Force on PSIFIs – comprising representatives from 24 participating jurisdictions - has been importantly committed in facilitating the collection of Islamic banking data.

Kuwait's Boubyan Bank starts marketing 5-yr dollar sukuk

Boubyan Bank met fixed income investors in Dubai and London ahead of the potential benchmark debt sale, which is expected to close later on Tuesday.

Fitch Ratings: Sukuk Issuance Rose in 2019 as Diversification Continues

Long-standing structural impediments to growth remain although, as more corporates tap the sukuk market, potentially including those with weaker credit profiles, legal precedents could eventually be set clarifying creditor treatment in a default.

Maybank Islamic opens first overseas branch in DIFC

The establishment of the first overseas office of Malaysia's largest Islamic bank in Dubai is an acknowledgement of Dubai's pivotal role at the heart of the Islamic economy and the strong advantages it offers institutions who base themselves her

Dubai Islamic Bank Pakistan posts after tax profit of Rs 3.3 billion

Dubai Islamic Bank Pakistan has also achieved major accolades by winning seven awards globally including the coveted CFA Society Pakistan Excellence Award in the “Best Islamic Bank" category.

Islamic Arab Insurance Company Posts AED 55 Million Net Profit for 2019

For the first time in the history of SALAMA since listing, the Board of Directors to recommend cash dividend level after final audited financials are released.

‘Specialised Islamic banks’ to help attract more global businesses to Qatar

“Establishing specialised Islamic banks focused on areas like energy, sustainable investment, and venture capital are anticipated to even attract more international business to Qatar.”

Trowers & Hamlins expands international banking and finance offering

Hire of partner Bilal Kahlon in Bahrain.

Dubai Islamic Bank to axe 500 jobs following Noor acquisition

The report comes just days after DIB secured necessary approvals from the relevant regulatory authorities to complete its acquisition of Noor Bank.

Boubyan Bank continues to provide banking services in Whatsapp via "Msa3ed" for the first time in Kuwait

Boubyan Bank announced the launch of a group of outstanding digital services and products as "Msa3ed" service, the digital personal assistant, has been incorporated with WhatsApp as a part of the bank's constant endeavors to provide custome

Islamic finance picks up on best practices

There is so much of ‘socially responsible investing’ already in place in its ways

Turkey's Islamic banking assets to ‘double’ in decade

$2.6B International Financial Centre in Istanbul scheduled to open in 2023 will be ‘new catalyst for growth’, says Moody’s

Boubyan Bank announces a successful offer for BLME Holdings plc

Valid acceptances, together with Boubyan Group's existing shareholdings, represent approximately 67.44 per cent. of the issued ordinary share capital of BLME

Qatar Islamic Bank Sponsors Qatar's First Franchise Conference Expo 2020

The expo’s organizers stress that the favorable economic growth in Qatar encouraged many regional and international retail chains to establish presence in the country.

Turkish Treasury to issue gold-backed bonds and sukuk to corporate investors

The bonds and sukuk will have a 6-month interest or rent rate of 0.38%

ADIB goes digital at UAE branches as it courts 'savvy' customers

The tech overhaul is part of the bank's digital strategy, which helped it achieve a 48% rise in average monthly credit card sales

Why Global Islamic Finance Will Grow At Slow Rate

This follows a 10% growth rate in 2017 but only 2%-3% growth in 2018.

Boubyan Bank's profits in 2019

Growth rate of 12%