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

Oman’s US$1.5bn sovereign sukuk offering

The Linklaters team was led by Capital Markets partners Jonathan Fried and Cecil Quillen and associate Nicola Minervini.

Abu Dhabi Islamic Bank gets approval to allow 25% foreign ownership

Abu Dhabi Islamic Bank's board had in 2010 approved a plan to allow foreigners to own shares in the lender

Kuwait Finance House expects board to decide on AUB merger before year-end -CEO

Plans for potential mergers between banks in the Gulf have increased in the past two or three years after more moderate levels of oil prices hit state revenue, pushed up bad loans and squeezed bank profit margins.

Al Hilal Bank launches an initiative to provide Automated External Defibrillators

Invests in employee training in cooperation with Abu Dhabi Police

Global Finance names Boubyan bank as the best Islamic Digital Bank globally

Boubyan Bank added a new achievement to its global awards by receiving the Best Islamic Digital Bank Award, globally, for the fourth year in a row

UAE banking giant FAB rebrands Islamic arm

First Abu Dhabi Bank renames Islamic banking unit as First Abu Dhabi Islamic Finance

Bahrain Islamic Bank (BisB) Achieves 6.9 Million Dinars in 9 months

With an Increase of 26.2% Over the Same Period Last Year

First Abu Dhabi Bank launches new brand for Islamic business

First Abu Dhabi Islamic Finance will continue to work towards establishing itself as the Islamic finance provider of choice

Global Finance names Boubyan Bank as Best Islamic Digital Bank globally For the Fourth Year in A row

“The most significant aspect about this achievement is that it places Boubyan Bank, being an Arab Islamic bank, among major banks and this is a new achievement added to Kuwaiti banks as well as the banking and financial sector in Kuwait,” he a

IDB to sell $567m Sukuk

Credit Agricole, LBBW as well as Natixis and Standard Chartered are reportedly arranging the transaction.

Top Islamic banks vying for performance awards

Held under the patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa

Islamic Development Bank to sell 500 million euro sukuk

Credit Agricole, LBBW, Natixis and Standard Chartered are arranging the transaction, which will be finalised later on Wednesday

Emirates Islamic Q3 net profit up 32pc to $197m

Headline financing to deposits ratio at 86 per cent and remains comfortably within the management’s target range, a bank statement said.

UAE leads Islamic economy

Emirate ranks first globally across five Islamic economy sectors

Kuwait Finance House- Bahrain launches community based banking services

The exclusive services provided through the Jazeel application will be free of charge, and include the launch of the Bahraini talent development program

Islamic banking on the rise in UAE, says study

In contrast, the penetration score for conventional bank products has shrunk from 69 per cent in 2017 to 63 per cent in 2018.

Emirates Islamic Bank announces winner of Dh1m

Wasim Saifi, Deputy CEO at Emirates Islamic Bank extended his warm congratulations to the lucky winner, and further motivated UAE residents to save for their future, while wishing them the best of luck.

ADIB profit rises 4.5% to Dh589.5m in third quarter

Increase driven by drop in impairment costs and a rise in customer financing

Islamic finance debate highlights need for standardisation

Standardisation will also lead to an increase in sukuks being traded across borders and alignment with different markets and Islamic finance banks.

UAE Eager to Become World's Largest Islamic Fintech Hub

This figure is projected to grow further in the near future as new players and startups enter the market.