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

Emirates Islamic posts record $251m net profit

Our strong performance this year has been capped with the highest ever recorded net profit of AED924 million, since our inception in 2004.

Qatar raises 4 billion riyals in five-year sukuk

Earlier on Thursday it announced an additional sale of 5 billion Qatari riyals in five-year treasury bonds offering the same yield.

Qatar Islamic Bank Q4 profit rises 19 pct

An average of three analysts polled forecast the bank would make a quarterly net profit of 682.2 million riyals, according to Refinitiv data.

Dubai Islamic Bank starts marketing dollar sukuk

The Additional Tier 1 sukuk are perpetual, meaning they lack a maturity date, and are non-callable for a six-year period.

Qatar Islamic Bank Q4 profit rises 19 pct

It made a net profit of 750 million riyals ($206.0 million)during the three months to Dec. 31

QIB net profit jumps 14.5% to QR2.75bn y-o-y in 2018

QIB Board of Directors proposed a dividend distribution to shareholders of QR5 per share, which is 50% of the nominal share value, subject to approval of Qatar Central Bank and QIB’s General Assembly.

Progress in the Saudi Islamic finance industry

Full-fledged Islamic banks still retain the lion’s share of the industry, accounting for 71 percent of total assets, but their growth has been muted.

Dubai Bank Wins Right to Swap Abraaj Debt for Fund Stakes

Noor Bank will hold the stakes alongside other investors and limited partners

Young GCC nationals spearhead growth in Sharia investing

The wider Middle East account for 10 per cent of the total wealth in Islamic investments

Sharjah enhances offer for Invest Bank, shareholders to vote on January 8

UAE Central Bank asked Invest Bank to book provisions worth Dh2.199b

GCC Islamic banks show stronger growth than conventional peers: Fitch Ratings

About 89% of IDRs are driven by potential sovereign support either directly or via a parent.

Islamic finance hubs in GCC, Southeast Asia come closer

In the banking industry alone, Malaysia targets to reach 40% Shariah-compliant banking assets as share of overall banking assets by 2020

Bank Nizwa named Strongest Islamic Retail Bank in Oman

Renowned for its Shari'a-compliant products and services catering to retail customers

Qatar partners Malaysia, Turkey to conquer Islamic finance market

Gas-rich Gulf state aims to escape blockade by diversifying economy

Abu Dhabi's bank merger to result in 1,000 job cuts

Talks among Abu Dhabi Commercial Bank, Union National Bank and privately-held Al Hilal Bank are at an advanced stage.

Saudi Arabia Banks in $4.5 Billion Settlement Over Islamic Taxes

Al Rajhi Bank faces the largest pay back, Alinma in credit

UAE lenders unaffected by troubles at Sharjah’s Invest Bank

The loss-making Sharjah bank has been hit by exposure to the UAE’s troubled real estate and construction markets.

Standardisation critical for Islamic finance’s success

But without proper standardisation globally, and adequate volume of cross-border business, Islamic finance cannot take the next step, which is globalisation

Bank of Sharjah celebrates 45 years of achievements

As a legacy Bank dedicated to being completely customer-centric in its approach, Bank of Sharjah is proud of its achievements

Alizz Islamic Bank Wins Award for 'Best Arabian Management Team'

The award seeks to encourage prominent Arabs at various levels and motivate them to pay more attention to community issues and lead with positive influence.

Islamic Finance