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

ADIB recognised for online security leadership at Middle East Security Awards

ADIB uses cutting edge technologies and processes to protect customer information.

UAE's Noor Bank lists $500m sukuk on Nasdaq Dubai

Dubai-based Noor Bank lists second sukuk, following a previous $500 million listing in 2016

As Islamic finance grows, risk factors need more attention

As a result, the crisis prompted improvement and enhancement of accounting and liquidity standards such as Basel II and Basel III to equip banks with better risk buffers, and more intense scrutiny by rating agencies and credit insurance providers of the b

Afghanistan Approves First Full-fledged Islamic bank

The Islamic Bank of Afghanistan was previously known as Bakhtar Bank and operated under a conventional banking licence since it was acquired by Azizi Bank in 2009.

Bahrain Middle East Bank partners with ICIEC

BMB signed two agreements with ICIEC - a Documentary Credit Insurance Policy (DCIP) and Bank Master Policy (BMP).

Meethaq to promote global sukuk fund

The partnership heralds niche Islamic investment products in Oman and further consolidates the position of Meethaq as the pioneer of unique Islamic investment and wealth management product offerings in the Sultanate,” Al Harthy said.

Kuwait-Turk Best Islamic Bank in Turkey

Islamic Finance News magazine (IFN) honors the best financial and banking institutions operating in the Islamic finance sector

Dubai Islamic Bank Q1 profit up 16 percent

SICO Bahrain forecast the bank would make a net profit of 1.13 billion dirhams.

BisB: Hassan Jarrar Honoured Amongst Top 100 CEOs of the Gulf Region

Commenting on the occasion, Mr. Jarrar revealed: “I am delighted to receive this award and be recognized amongst the Top CEO’s of leading companies in the GCC."

Emirates Islamic Announces Q1 2018 Results

The Bank's balance sheet remains strong with improvements in credit quality and liquidity.

QIB beefs up mobile app features

A major functionality that the new update offers is the option of opening an additional bank account with a few taps of the screen.

QIB Q1 profit jumps 12.6% to QR625.2mn

Income from financing and investing activities grew by 8.6% to QR1.44bn in end-March

Qatar's Masraf Al Rayan's first quarter net profit rises 4.1 pct

It reported a net profit of 510 million riyals for the same period of last year.

Ibdar Bank employees trained in Fintech

It introduced participants to the world of Bitcoin and other cryptocurrencies, in addition to the underlying technologies and their application in the financial services industry.

GCC Islamic banks to outperform their conventional peers

Profitability and asset quality expected to remain strong in 2018

Head of IT at Al Baraka Banking Group wins four IT awards

He stressed that these achievements underscore the capabilities of Al Baraka Banking Group to develop leadership talent that can contribute effectively at to regional and global levels in the field of information technology.

Bank Muscat posts preliminary $116.3mln net profit

The bank’s net interest income from conventional banking and income from Islamic financing stood at $186.5mln

Gulf Bank marks 10th anniversary

The growth in the balance sheet size, the lender said in a statement, was driven by the growth in customer deposits and additional long-term funding received for financing Small and Medium Enterprises.

Moody’s: GCC Islamic banks to maintain improved asset quality

Their solvency has improved, supported by their efforts to reduce the stock of problem loans, and by their sound profitability.

Director General of Insurance Authority (IA) inaugurates world’s largest Takaful forum

Renowned Industry Regulator H.E. Ebrahim Obaid Al-Zaabi, Director General, Insurance Authority (IA) delivered the inaugural address at the conference