Latest news with #AhliUnitedBank
Daily Tribune
15-05-2025
- Business
- Daily Tribune
A unique experience awaits MyHassad stand visitors at Bahrain City Center
Ahli United Bank announced a special MyHassad event taking place at City Centre Bahrain's Main Galleria (Ground Floor) till 17 May 2025. These engaging activities invite visitors to explore the rewarding world of the MyHassad Savings Account and enjoy the chance to win instant cash prizes. All are cordially invited to the stand, where bank representatives will be available to assist with MyHassad account openings, offer detailed product information, and answer any questions. The MyHassad Savings Account offers customers the opportunity to save, earn, and win, with draws held monthly and a long-standing reputation for awarding life-changing prizes. Whether new or existing AUB customer, the event provides an excellent opportunity to learn more about MyHassad and engage in activities to win instant cash prizes.
Daily Tribune
14-05-2025
- Business
- Daily Tribune
Zainab Hameed wins first half a Million Bahraini Dinars prize from MyHassad 2025 campaign
Ahli United Bank awarded MyHassad's first Quarterly Grand Prize worth (BD 500,000) to Zainab Hameed in a ceremony attended by the bank executives and the winner's family. The winner was overwhelmed with joy upon hearing the news and expressed heartfelt gratitude, stating 'this prize is significant, and life-changing' Zainab Hameed also said: 'I am deeply grateful to Ahli United Bank as I am receiving a prize I could have never dreamed of, and I encourage everyone to keep believing in the power of saving - you never know when your lucky day will come!' Commenting on the occasion, Mohamed Zakout, Deputy Group Chief Executive Officer – Retail Banking at Ahli United Bank, said that the bank is delighted to be part of achieving their customers dreams and is dedicated to continuously transforming their lives. The month of May still holds many prizes to be won. With only a 7-day qualification period, customers have the opportunity to win a Special Grand Prize of (BD 100,000), three Monthly Prizes of (BD 10,000) each, and ten Monthly Prizes of (BD 1,000) each. The last day to qualify for these draws is 22 May 2025, and the bank encourages customers to increase their deposits to maximise their chances of winning. Looking ahead, Ahli United Bank will be awarding the next MyHassad quarterly prize of BD 500,000 in July 2025. Every (BD 50) deposited into the MyHassad accounts increase the participants chance of winning.
Daily Tribune
04-05-2025
- Business
- Daily Tribune
Ahli United Bank completes comprehensive SWIFT ISO 20022 Readiness Training
Ahli United Bank (AUB) in preparation for the global transition to the SWIFT ISO 20022 messaging standards, has successfully completed an extensive internal training programme for its Group Operations and Technology experts. This initiative underscores AUB's commitment to operational excellence and readiness for the November 2025 industry-wide adoption target date. The training programme delivered in collaboration with DIXIO, an official SWIFT partner, conducted in two phases focused on understanding the new standards, their implementation, and their operational impact on cross-border payment processes. As the financial services industry undergoes this critical shift, AUB's proactive measures ensure seamless transition and enhanced service delivery for its customers. The SWIFT ISO 20022 standard introduces a unified messaging framework that facilitates faster processing, greater data accuracy, and improved compliance across global payment systems. 'The successful completion of the SWIFT ISO 20022 training, , reflects our commitment to staying ahead in the evolving financial landscape. This initiative ensures our teams are fully equipped to handle the complexities of cross-border payments at the backend with enhanced efficiency, accuracy, and compliance. This ultimately strengthens the seamless banking experience we deliver to our customers,' commented Samih Abutaleb, Deputy Group Chief Executive Officer – Technology & Operations at AUB. The transition to SWIFT ISO 20022 represents a significant advancement in the global banking standards. By adopting this framework ahead of its mandatory implementation date and upskilling employee competencies, AUB reinforces its position as a leader in innovation and customer-centricity within the financial sector. This achievement highlights AUB's dedication to maintaining uninterrupted payment processing while ensuring compliance with international standards.
CNBC
02-05-2025
- Business
- CNBC
See 'equity-like returns' from the Turkish Lira carry trade: CIO
Alan Higgins, CIO of Ahli United Bank (KFH), urges investors to take a more global approach – staying invested in the US, but also looking at global equities and currencies like the Turkish lira.
Zawya
22-04-2025
- Business
- Zawya
Islamic finance sector resilient amid upcoming headwinds: S&P
Strong banking and sukuk industry performance led to 10.6% growth for the global Islamic finance industry in 2024, with total sukuk outstanding surpassing $1 trillion for the first time, according to S&P Global Ratings. In 2025, amid increased uncertainty, we expect continued positive growth in the industry, but the sukuk market's regulatory landscape is still evolving with the possible adoption of Sharia Standard 62, said the top ratings agency in a report published today (April 21). "We expect $10 billion-$12 billion in sustainable issuance in 2025 and continue to think it could drive future growth, although short-term performance might be lower than our initial expectations," it added. According to S&P Global Ratings, the Islamic finance industry experienced a rapid asset increase in 2024, mainly from growth in banking assets and sukuk owing to higher foreign currency-denominated issuances. S&P Global Ratings expects this growth to continue in 2025 barring any significant macroeconomic or intrinsic disruption. "We have recently revised our oil price assumption to $65 per barrel for the remainder of 2025 and $70 per barrel from 2026. This will likely continue to support some growth in most core Islamic economies," said the ratings expert in its report. Simultaneously, financing needs driven by economic transformation programs will remain high, and the inherent preference for Islamic finance will persist. As a result, despite growing uncertainty, we expect the Islamic finance industry to grow in 2025. However, a further decline in oil prices could reduce the growth prospects for core Islamic finance economies and markets, it stated. Islamic banking assets contributed 60% of industry growth in 2024 compared with 54% in 2023. The GCC accounted for 81% of this growth, with Saudi Arabia alone responsible for two thirds of it, stated the expert. This strong performance results from opportunities created by the Saudi government's Vision 2030 program and the deep integration of the Islamic banking industry in Saudi Arabia, which represented about three-quarters of banking system assets at year-end 2024. Bahrain also experienced significant Islamic finance industry growth, particularly due to Ahli United Bank's (BBB+/Stable/--) conversion from conventional to Islamic banking. The UAE also contributed to this growth, thanks to the non-oil economy's strong performance. Elsewhere, we have observed some growth in other countries, particularly in Malaysia and Turkey. "We expect economic growth in Saudi Arabia and the UAE will continue supporting Islamic banking asset expansion in 2025, barring any significant disruptions from global trade tensions or a further decline in oil prices," stated the ratings agency in the report. Saudi Arabia's Vision 2030 will continue to translate into significant banking system growth, provided it attracts sufficient refinancing sources, including sukuk issuances from the international capital market. In the UAE, the non-oil economy's performance, along with capital expenditure needs across various sectors will further support financing requirements and sukuk issuances in 2025, assuming current market volatility does not have a major impact, stated the expert. In other GCC countries, we expect growth to continue thanks to reforms in Oman, Bahrain, and Kuwait, as well as anticipated increases in gas production in Qatar, it added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
