Dubai, UAE — Sharjah Islamic Bank (SIB) reported a 15.3 percent rise in first-half net profit after tax, supported by higher income from Islamic financing and investments, stronger fee income and growth in customer deposits.
The lender posted net profit of 803.9 million dirhams ($218.9 million) for the six months ended June 30, up from 697.2 million dirhams a year earlier.
Total operating income rose 20.5 percent to 1.4 billion dirhams, driven by a 12.1 percent increase in income from Islamic financing and sukuk investments to about 2.1 billion dirhams, while fee and commission income and other operating income climbed 8.1 percent to 445.7 million dirhams.
General and administrative expenses increased 17.2 percent to 475.2 million dirhams as the bank invested in technology, business expansion and customer services.
Total assets grew 4.7 percent to 94.5 billion dirhams at the end of June from 90.3 billion dirhams at the end of 2025.
Its Islamic financing portfolio expanded 9.5 percent to 49.9 billion dirhams, while customer deposits rose 6.6 percent to 59.4 billion dirhams, reflecting continued demand for Shariah-compliant financing products.
The bank’s non-performing financing ratio improved to 3.6 percent from 3.8 percent at the end of 2025, while shareholders’ equity increased by 2.6 billion dirhams following a capital increase through the issuance of 1.1 billion new shares.
Return on equity edged up to 14.81 percent from 14.78 percent a year earlier, while return on assets improved to 1.74 percent from 1.55 percent.
