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

Islamic banking in Egyptian market hits $15.23bln in June 2024

Islamic banking now constitutes 4% of the overall Egyptian banking market

Bank investments in monetary bills, Islamic CD hit $62bln by end of Q2-24: CBUAE

The statistics showed that the Central Bank’s foreign assets increased by 5.3 percent

Oman’s Islamic banking assets surge 18%, reflecting broader GCC growth trends

The growth in Oman aligns with a broader regional trend.

QIB Wins Five Awards at The Asset Triple A Islamic Finance Awards

QIB's Group CEO Bassel Gamal said that these awards reflect the Bank's ongoing commitment to delivering innovative, customer-focused Islamic banking solutions

GCC Islamic banks to maintain strong profitability driven by economic growth

Profit margins are expected to remain insulated from potential Fed monetary policy easing

Network International partners with ruya to improve Islamic Banking

The partnership is expected to elevate Shariah-compliant banking standards and drive innovation within the UAE’s expanding digital economy.

Bank Nizwa discusses key Islamic banking topics at Islamic Finance news Oman 2024 conference

The bank was awarded with the ‘Best Islamic Bank in Oman’ title

BankDhofar launches innovative podcast series to promote financial literacy

In collaboration with Hala FM

KFH Group completes the conversion of Ahli United Bank – Egypt to Sharia-compliant banking

This conversion is part of the strategic shift that the Group initiated following the successful acquisition of Ahli United Group-Bahrain in October 2022: official

Global Islamic Finance Summit 2024 - Shaping the future of Islamic Finance

The Global Islamic Finance Summit is proud to partner with the Maldives Islamic Bank as a Strategic Partner

International Islamic Banking Forum successfully concluded in Ethiopia

Interest-Free/ Islamic Finance Set to Transform Africa: Hassan Mohammed, State Minister of Industry, Ethiopia

Saudi Arabia poised to ignite Islamic insurance boom in GCC: report

Saudi authorities are actively working to reduce the number of uninsured vehicles and introduce new mandatory medical cover

Khaleeji Bank participates in Youth City 2030, introducing innovative “Ajyal” account to youngsters

Catering to Children & Teenagers up to 21 years oldold

Global ESG sukuk market shows strong growth in early 2024; Q3 slowdown expected: Fitch

In first half of 2024, 99% of all Fitch-rated green sukuk were investment-grade

Abu Dhabi Islamic Bank PJSC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024

Basic earnings per share from continuing operations was AED 0.39 compared to AED 0.304 a year ago.

Oman’s NBO Muzn unveils Shariah compliant alternative to bill discounting

Muzn continues to lead the way in Islamic banking innovation, providing tools that enable our clients to manage their financial responsibilities with ease and confidence.”

Bank Nizwa honoured with prestigious awards for outstanding performance and innovation in banking sector

Awarded the ‘Islamic Bank of the Year’ award at the New Age Banking Summit 2024

QIB half-yearly net profit rises 5.6% to QR2,065m

Basic earnings per share for the six months period ended 30 June 2024 is QR0.87

Dhofar Islamic empowers the young with new youth account

With this account, Dhofar Islamic aims to inspire a generation of confident and responsible financial leaders

Islamic banks account for 21% of gross domestic credit: CBUAE

Gross credit extended by CB rose since the beginning of the year to the end of April by 4.3% to $435bln