Sharjah Islamic Bank (SIB) reported a net profit of AED 1.2 billion for the first nine months of 2026, up 9% from AED 1.1 billion a year earlier, supported by higher income from financing and investment activities.
Income from Islamic financing and Sukuk investments rose 11.7% to AED 3.2 billion, while total operating income increased 13.6% to AED 2.1 billion. Net operating income before impairment allowances and tax climbed 11.6% to AED 1.4 billion.
The bank’s total assets reached AED 100 billion at the end of September, up 10.4% from AED 90.3 billion at the end of 2025. Its Islamic financing portfolio expanded 18.9% to AED 54.1 billion, while customer deposits rose 8.4% to AED 60.4 billion.
Net fee and commission income and other income declined 4.1% to AED 662.2 million. General and administrative expenses increased 17.4% to AED 726.6 million, reflecting investments in technology, infrastructure, systems and customer experience.
Despite higher costs, the cost-to-income ratio improved to 34.7%, compared with 36.1% at the end of 2025.
Shareholders’ equity increased to AED 12.4 billion from AED 9.5 billion at the end of 2025, following a rights issue completed in the second quarter. The bank issued 1.1 billion shares at a nominal value of AED 1 each, with an issue premium of AED 1.40 per share.
The capital increase lifted SIB’s capital adequacy ratio to 19.37% at the end of September, from 16.17% at the end of 2025.
