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

Wethaq launches first fintech Sukuk on its market infrastructure using SWIFT gpi Link

Al Ghurair Investments LLC (AGI) acted as the issuer, advised by Mashreqbank PSC acting as lead arranger

Islamic finance becoming a global force, says report

It states that the industry was successfully building upon its Shariah-based principles of ethical and sustainable finance and banking to attract new clients

Dubai Islamic Bank Successfully Closes Landmark USD 750 Million Sukuk

The deal was priced intraday after completing a global roadshow in Hong Kong and London, as well as several investor calls.

Bahrain records 1st place in Islamic finance development

It collects scores across five component areas " quantitative development, knowledge, governance, corporate social responsibility, and awareness " for the 131 countries where Islamic finance has a presence.

KIB records KD 12.8 million net profits

Profits were credited to depositors’ accounts upon announcement of the financial results.

Standard and Poor's Global confirms Boubyan Bank's long-term issuer credit rating at "A/Stable"

Assigning It with the Second Highest Credit Rating in Kuwait: Al-Majed: We Take Pride in Such Recognitions as We Reap the Fruit of Our Hard Work over the Past Years

Bahrain ranked first in MENA by Islamic Finance Development Indicator for seventh consecutive year

Research by the Islamic Development Bank and Refinitiv puts Kingdom in the lead regionally and second globally

Islamic Development Bank hires banks for green euro sukuk

Green bonds are a growing category of fixed-income securities

Islamic Development Bank to raise $500m via debut green sukuk

President Bandar Hajjar predicts five-fold increase in Islamic bond market by 2030

Consumer spending in Islamic economy sectors totals $2.2 trillion

In addition, Islamic finance assets are estimated to have reached $2.5 trillion in 2018.

DIEDC, AAOIFI ink agreement to collaborate in Islamic Finance standards

Signing takes place during AAOIFI-World Bank 14th Annual Conference in Bahrain

Safest Islamic Banks In The GCC 2019

Gulf-region Islamic banks are joining forces to better compete`

QIIB wins two prestigious awards

“Winning these two prestigious awards is a recognition of our continuous efforts to develop our retail portfolio, create value-added products and provide the best Shariah-compliant banking services to our customers.”

Higher investment, fee income drive Abu Dhabi Islamic Bank profits higher

Bank sees 5.2% increase in profits in third quarter to Dh620m

QIIB to hold meetings with potential investors in various countries

A fixed rate resettable Regulation S Registered USD Additional Tier 1 perpetual non-call 5-year unrated Sukuk may follow, subject to market conditions.

Dubai Islamic Bank hires banks for dollar sukuk

Dubai Islamic Bank (DIB) has hired lenders to arrange meetings with investors ahead of a potential issue of five-year sukuk, or Islamic bonds, denominated in U.S. dollars, a document showed.

National Bank of Bahrain makes offer to buy Bahrain Islamic Bank

National Bank of Bahrain is the second-biggest shareholder in the Islamic lender alongside the government.

National Bank of Fujairah relocates its operation within Sharjah with its new branch opening

The new branch aims to incorporate Corporate, Retail and Priority Banking to cater to growing demand from Sharjah-based customers

CIBAFI & Ivey Business School launched this morning the 5th series of their joint Executive Programme

This year's programme is themed: "Strategic Thinking, Agile Leadership and Curiosity, and Application of FinTech Innovations".

Emirates Islamic: "The time for Islamic banking to come to the forefront of the finance sector is now"

2019 Islamic Banking Index reports highest penetration levels in 5 years