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

Egypt considers issuing green, Islamic bonds in local market for first time: FM

We are working to diversify funding sources and attract local investors to reduce external borrowing and costs.

Emirates Islamic extends long-term strategic partnership agreement with Visa

The extension of the long-term partnership between the two sides boosts innovative customer-centric products and solutions to customers while enhancing digital payments in the region

Islamic finance expert calls for authenticity and reform in the industry

7th International Conference on Islamic Finance Highlights the Future of Ethical Finance in Doha, Qatar

QIB launches an exclusive finance campaign on the occasion of Qatar National Day

The campaign offers customers reduced rates starting at 4.5% for Qatari nationals and 5.5% for expats

Islamic Finance leaders convene at Second Islamic Economy meeting to discuss sustainable innovation and Maqasid Al-Shariah in Finance

The meeting was held in Jeddah, Kingdom of Saudi Arabia and Online

Islamic banking in Kuwait and Oman stable amid favorable conditions: Fitch Ratings

Fitch Ratings noted that capital at Kuwaiti Islamic banks remains adequate, supported by moderate growth and steady profitability in 2024 and 2025.

Oman Islamic finance sector expanding

Deposit protection law now covers Islamic banks

Record Asset Management GmbH and OWI Group PLC launch Deep Tier Supply Chain Finance strategy

This innovative fund will draw upon a mix of international investors

Emirates Islamic introduces Limited Edition Emarati Visa Credit Card

Designed in collaboration with renowned Emarati artist Mattar Bin Lahej

ADIB-Egypt receives Global Finance Magazine’s “Best Islamic Financial Institution in Egypt” award for 7th year

This commendation is also a testament to the bank’s sustainable growth and its strengthening position as the first choice for clients seeking Sharia-compliant banking solutions.

Bank Nizwa reaffirms leadership position with remarkable Q3 performance

With a net profit of OMR 12,431 million, reflecting a notable 6% increase

QIB recognised as Safest Islamic Bank in Qatar and 2nd in GCC by Global Finance

This prestigious acknowledgment solidifies QIB's position as a beacon of safety and stability in Islamic banking locally and globally.

Central Bank Pushes for Islamic Banking at Bahrain Conference

The Central Bank of Afghanistan delegation traveled to Malaysia to attend the International Forum on Islamic Economics and Finance.

Dubai Islamic Bank nine month 2024 group financial results

Balance Sheet expands to AED 329 billion, up almost 5% YTD

ADIB becomes first UAE bank to safely test fractional Sukuks offering to retail investors

This supports the UAE's leading position as a global hub for technological innovation and financial services

Al Salam Bank Launches ASB Capital: A New Asset Management Firm in the DIFC with AUMs of USD 4.5 Billion

The announcement was made on the sidelines of the Gateway Gulf Investment Forum held in the Kingdom of Bahrain on November 3 and 4, 2024.

Bait Al-Mashura Journal ranks first in Arab World for specialisation of Islamic Economics and Finance

The rank was awarded by the Arab Citation and Impact Factor (ARCIF), for the year 2024.

Sharjah Islamic Bank's profit before tax Increased by 29% for nine month period ended 30 September 2024

The overall revenue increase is because of the SIB's strong core performance; focus on SIB’s customer-centric approach and multiple new high profit oriented customized products

Ithmaar Bank enables digital onboarding in Bahrain

Ithmaar Bank designed this service to cater to the needs of corporates and SMEs clients

IsDB to finance $3bn in 20 socio-economic projects across 17 countries

Initiatives target key sectors such as agriculture, water resources, and energy, as well as health care and infrastructure