Total operating income rises 20.5 percent.
Sharjah Islamic Bank Q1 profit rises 19.4 percent
Sharjah Islamic Bank (SIB) reported a 19.4 percent rise in first-quarter net profit, supported by higher income from Islamic financing and continued growth across business segments. Net profit after tax reached 380.7 million dirhams ($103.7 million) in the three months to March 31, compared with 318.9 million dirhams in the...SIB H1 net profit $189m
The bank's total assets increased by $1.49 billion.SIB’s 2024 profit $272m
The profit surpassed AED 1 billion for the first time in bank's history.Sharjah Islamic Bank signs Murabaha pact with Turkiye Wealth Fund
Sharjah, UAE -- Sharjah Islamic Bank (SIB) and the Turkiye Wealth Fund (TWF) have signed a Shariah-compliant Murabaha facility worth $100 million, for a period of three years. This agreement, facilitated by Dogan Investment Bank, marks the first time the Turkish Sovereign Wealth fund has launched financing from an international...SIB approves 10% cash dividend
The bank appointed Dr Al Saadi as Sharia Supervisory Committee member.
SIB, Noqodi sign agreement
The Noqodi platform will enable digital payments.Sharjah Islamic Bank profit surges
It posted a 31% jump in net profit to US$229.13m in 2023.
7 UAE banks report $9bn profit in 2022
Emirates NBD's profits climbed by 40% to $3.53 billion.SIB 2022 profit reaches $177mn
The bank recorded an increase of 26.6 percent.
Sales of Al Rahmaniyah Commercial Lands begins
SHARJAH, UAE - ASAS Real Estate Company, the real estate arm of Sharjah Islamic Bank (SIB), announced the launch of the second phase of sales of the "Al Rahmaniyah Commercial Lands" project. The project follows increasing demand for the company's latest real estate projects. Located in the Rahmaniyah suburb of...Sharjah Islamic Bank’s profit rises 24%
Operating profit before provisions rose by 12%.SIB Q1 net profit up 13.9 percent
The bank said it continued to maintain a strong liquidity.
SIB foreign ownership up 40%
The decision follows approval of the Bank's General Assembly.Sharjah Islamic Bank’s net profit up 27%
The bank also reported AED850.7 million in operating profits, an increase by 21.9 percent, compared to AED697.7 million in the previous year.
Sharjah Islamic Bank board okays 40 percent foreign ownership ceiling
Sharjah Islamic Bank has announced that its board of directors agreed to raise the percentage of foreign ownership in the bank’s shares to 40 percent. The board's nod will now be submitted to the bank’s general assembly for a discussion and final decision. The bank said the decision comes in...SIB profit up 30 percent in nine months
The bank said it continued hedging policy despite corona recovery.Sharjah Islamic Bank’s profit rises 25.6% in H1
Sharjah Islamic Bank's operating profit increases 25.6% to AED 417.3 million in the first six months
