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

FAB issues the first Sukuk globally in 2024

5-year USD 800 million bond at US Treasury +85bps (all-in yield of 4.779%)

ADIB launches B2B marketplace to empower small and medium enterprises

Announces the introduction of ADIB Business Souq, a digital marketplace designed to provide comprehensive support to SMEs

Bank Nizwa acts as issue manager for Sovereign Sukuk Series 7 issuance on behalf of the Govt. of the Sultanate of Oman

This dual role underscores the bank's commitment to ensuring a seamless and efficient management process for transactions of such national stature

Islamic Development Bank Institute begins developing the ‘Islamic Finance Knowledge Pavilion Marketplace’

The Pavilion will provide a digital marketplace of validated solution providers in Islamic finance and economic development

Maisarah leads successful Government of Oman sukuk issuance

The issuance process received a strong positive response from the market

Maisarah Islamic Banking Services takes the lead in financing the transformative 'Diba – Lima – Khasab' road project

The Islamic Banking window of BankDhofar announces its pivotal role as the Lead Partner in financing the project

BankDhofar expands reach with new Mina Al Fahal Branch

Reinforcing its efforts to be closer to the customers

Dubai Islamic Bank unveils 'Nest' – A breakthrough in lreen living

Reflecting DIB's digital prowess, the program assures customers of paperless pre-approvals and digital contracts, further streamlining the home finance process while reducing the carbon footprint

Ajman Bank’s Head of Marketing wins prestigious WOMANi 2023 Award by Cambridge IFA

This award recognizes exceptional women leaders in the financial and insurance sectors, highlighting their contributions to the industry

IsDBI and BIBF agree on strategic collaboration for islamic finance capacity development

The agreement was signed on the sidelines of the AAOIFI-IsDB Islamic Banking and Finance Conference

Oman Arab Bank and Al Izz Islamic Bank hold joint board meeting to drive greater value in the banking sector

The meeting was a platform for aligning strategic objectives, risk governance frameworks, and corporate governance principles

Turkish banks secure $40m Murabaha deal with ITFC to boost private sector financing

Murabaha, an Islamic financing structure, operates as a sales contract wherein the price of goods or items is determined based on customer requirements, including a pre-agreed profit margin.

QIIB achieves ISO certification in cybersecurity

This affirms that the QIIB is not only securing its banking transactions, but also ensuring that digital assets and customer data are protected in an increasingly interconnected world.

Ahlibank discusses importance of diversification in Wealth Management Conference

The high-profile event provided valuable insights to ahlibank's Exclusiv clients

QIB named ‘Bank of the Year in Qatar’ from The Banker Magazine (Financial Times Group)

The accolade highlights QIB's financial strength manifested by the bank’s strong capital position and asset quality and its consistent profitability

CBUAE hosts events with Islamic finance infrastructure organisations to promote sustainable finance

The events took place in Abu Dhabi on 27 and 28 November 2023, are part of CBUAE’s efforts to promote sustainable finance and expedite initiatives tackling climate change challenges

IsDB Institute issues french edition of the book on Islamic development bank’s historical evolution

Originally published in the Arabic language and later in the English language, the book documents the remarkable history and exceptional achievements of the Islamic Development Bank

Islamic Development Bank Institute Delivers High-Level Islamic Finance Executive Program Sessions

The sessions were part of the 6th edition of the Saudi-Spanish Center for Islamic Economics and Finance Islamic Finance Executive Program.

Aafaq Islamic Finance named as the Best Islamic Digital Banking Services in the UAE by MEA Finance Awards 2023

A testimony to its excellence and innovation in the Islamic financial sector

Islamic finance – View from the investor

There is a steady demand coming from investors wanting to have exposure to these funds.