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

Kuwait Finance House (KFH) press release on the acquisition of Ahli United Bank B.S.C.

Ordinary and Extraordinary General Assembly Meetings And Public Press Conference

National Bank of Bahrain set to own 78.8% of Bahrain Islamic, both banks to operate independently

Bahrain Islamic Bank posted a drop in profit of 48.51% for the third quarter of 2019 as impairment costs rose.

QIB recognised as ‘Best Islamic Bank in Qatar’

The votes reflect the views of a large and dedicated audience, which voted QIB as the “Best Islamic Bank” in Qatar.

Bahrain’s Mumtalakat raises $500 mln in Islamic bonds

Citi, Gulf International Bank GLFBK.UL, HSBC, KFH Capital, National Bank of Bahrain NATB.BH and Standard Chartered STANB.UL arranged the deal.

Bahrain's GFH hires banks to market five-year dollar sukuk

The banks will market the bonds through a series of meetings starting on January 15 in Asia, the United Arab Emirates and London

Emirates Islamic contributes $544,000 to MBRU

Through this contribution, we aim to provide high-quality healthcare services to people living in areas where medical facilities are inaccessible and further contribute to building a stronger, healthier and happier community.”

KIB awarded 'Fastest Growing Islamic Bank MENA' 2019

This achievement underlines the merit of KIB's new strategic direction; a key component for its remarkable growth and expansion in the banking sector

Kuwait Finance House revamps its KFH Jazeel banking app

One of the key features of KFH Jazeel Banking is the provision of application service to the customer for Tamweely Personal Finance with an immediate initial approval.

Alizz Islamic Bank recently Wins ‘Best Premium Credit Card’ at The Signature Luxury 100 awards

Signature magazine’s annual luxury list awards, recognised Alizz Islamic Bank for taking significant steps in its mission to become the premier Islamic financial services provider in the country by providing world of exclusive privileges

Kuwait Finance House-Bahrain honours "Fursan Baytik" employees for Q3 2019

The award ceremony was held at the Bank's Headquarters located at Bahrain World Trade Center, in the presence of several officials and executives from the Bank

Al Salam Bank-Bahrain opens new Riffa branch in Al Raya Mall

The new branch replaces the previous Mashtan branch with a larger, more strategic location

QIIB selects IBM Safer Payments to advance fraud prevention

QIIB is a privately-owned Islamic bank in the State of Qatar offering personal and corporate Islamic banking solutions.

Credit granted to Islamic banking entities reach OMR3.9 billion

The total assets of Islamic banks and windows combined, amounted to OMR4.8 billion at the end of October 2019 which constituted about 13.8 per cent of the banking system assets.

Emirates Islamic is enhancing the digital experience for UAE customers

Emirates Islamic has claimed many firsts in the Islamic finance market, becoming a pacesetter in the race to provide customers with digital solutions

TDB sources oversubscribed term financing from Middle East banks

This will fuel our managed growth strategy and deepen the growing cooperation with institutional investors in the Gulf region.”

Bankers Prefer CBI Fix Banking Reforms

CBI boss to lawmakers: If you really want to augment CBI independence, help in correcting (reforming) the banking regulations

GFH wins investors' approval for $500m sukuk

Group CEO Hisham Alrayes presided over the meeting, which was attended by shareholders, the board members besides the management and employees.

Sukuks can be a sound defensive asset

TDB signs $450mln Mideast-focused syndicated term financing

Mashreq Bank acted as the Structuring Bank and Documentation Agent, Emirates NBD Capital Limited acted as the Marketing and Roadshow agent

Emirates Islamic named ‘Best SME Bank’

Emirates Islamic currently supports the banking needs of more than 46,000 UAE-based SMEs, and its Business Banking segment has seen double-digit growth so far in 2019.

Islamic Finance