Sharjah, UAE — Sharjah Islamic Bank (SIB) reported a net profit after tax of AED 697.2 million ($189 million), an increase of 25 percent compared to AED 558.7 million in the first half of 2024.
Income from investments in Islamic financing and sukuk grew by AED113.6 million, or 6.4 percent, reaching AED1.9 billion in the first half of 2025, compared to AED1.8 billion in the first half of 2024.
Meanwhile, total distributions to depositors and Sukuk holders amounted to AED1.1 billion, compared to AED1.0 billion.
Sharjah Islamic Bank continues to emphasize the diversification of its revenue base, as evidenced by a significant growth in the net fee and commission income which rose sharply by 53.5 percent to AED 276.0 million in the first half of 2025, up from AED179.8 million in the first half of 2024.
As a result, the Bank recorded total operating income of AED1.2 billion, an increase of AED 133.5 million, or 13.0 percent, compared to AED1.0 billion in the same period last year. This upward trend reflects SIB’s ability to maintain stable operating income in a challenging economic environment while effectively capitalizing on opportunities across various economic sectors.
On the balance sheet side, total assets increased by AED5.5 billion ($1.49 billion), or 6.9 percent, to reach AED 84.7 billion as of June 30, 2025 compared to AED 79.2 billion at the end of the previous year. This is backed by increase in total customer financing to AED43.0 billion, compared to AED38.1 billion at the end of 2024, marking a 12.9 percent increase.
