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

DIB named Fastest Growing Bank in the UAE

Dubai Islamic Bank, DIB, has been recognised as the Fastest Growing Bank in the country at this year’s International Finance Magazine Awards.

Safwa Islamic Bank, MEPS ink co-op agreement

These internationally and locally-recognized cards will enable users to make secure internet purchases and to utilize ATMs and point-of-sale devices, it stated.

Al Hilal Bank receives Best CSR in Islamic Banking UAE Award

CEO of Al Hilal Bank received the award on behalf of the bank from Saleh Al Akrabi, Chairman of CPI Financial and CEO of DIFC Property Management.

Ajman Bank reports Dh132.61m in net profit

Islamic financing and investing assets surged 21.55% in 2017

Abu Dhabi fund Goldilocks buys stake in GFH

Bahraini investment bank aiming for approval from Saudi Arabia in the first half of this year to cross-list on the Tadawul stock exchange

Kuwait International Bank wins ‘Best Customer Acquisition GCC’

This latest accolade, which came as part of World Finance’s annual GCC Investment and Development Awards, was awarded to KIB after extensive deliberation by the latter’s Editorial Panel.

Gatehouse Bank partners with Blueprint

I am very pleased about this partnership, as there is clear synergy with Blueprint

Noor Bank and UB QFPay Release Innovative Mobile Wallet Acceptance Solution in UAE

This partnership is well aligned to the strategic focus of the bank on delivering an enhanced customer experience through digital transformation.

Dubai Islamic Bank net profit up 11% on core business growth

Net profit crosses Dh4.5 billion and total income exceeds Dh10 billion

Al Baraka Banking Group seeks to strengthen relations with Iraqi banks

Adnan Ahmed Yousif, President and Chief Executive of Al Baraka Banking Group and Chairman of the Bahrain Association of Banks, along with a delegation from the Union of Arab Banks, recently visited Baghdad to strengthen relations between the Bahraini bank

Dividends expected to drive UAE bourses

Good results from Dubai Islamic Bank and Emirates NBD will trigger greater investments

First Abu Dhabi Bank issues $610 mln formosa bond

Formosa bonds are sold in Taiwan by foreign borrowers and are denominated in currencies other than the Taiwanese dollar.

Bahrain tops regional Islamic finance table

Islamic finance assets are projected to reach $3.8 trillion by 2022 from $2.2 trillion in 2016, ICD said.

Sharjah Islamic Bank net profit rises to Dh478m

Bank’s board proposes to distribute 8% cash dividend

Huge potential for Islamic banking in Egypt; lack of political will stymies growth

Shariah-compliant financial services can make major gains in 2018.

The new investment trend: Islamic ETFs

Exchange Traded Funds, or Islamic ETFs.

Minister calls for enhancing Islamic finance initiatives

Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani said Islamic banks are playing a key role in financing the private sector projects which increased its contribution in the local market.

KFH traded sukuk volume reaches KD 16.6bn in 2017

The surge in KFH-Group traded sukuk volume in 2017 is considerable owing to the increase in sovereign issuances in the GCC governments.

Bahrain-Turkey banking ties highlighted

The visit also included and the Credit Records Bureau of Turkey.

Meethaq wins Best Islamic banking in Oman award

Meethaq has crossed a milestone of over OMR1 billion in assets and accounts for over 33% market share in terms of assets and is the market leader in Islamic banking in Oman.

Islamic Finance