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Sharjah Islamic Bank
Latest in Sharjah Islamic Bank
Financial Services
Sharjah Islamic Bank achieves record net profits of AED841.5mn
The bank’s board of directors has proposed a 10 percent cash dividend
banking business
Sharjah Islamic Bank records 27% jump in net profit in 2022 to reach AED650.9mn
The bank said despite the continuous rise in global interest rates and inflation rates in addition to fierce competition in the business environment, its adaptive and flexible strategy helped it to achieve strong financial results
ASAS Real Estate
Sharjah Islamic Bank’s real estate launched second phase of Al Rahmaniyah commercial lands project
The project, involving a total area of approximately 1.2 million square feet, will have 318 commercial plots for sale
banking business
Sharjah Islamic Bank reveals 13.9 percent increase in net profits to $50.9 million in Q1 2022
Revenues were driven by the UAE’s economic rebound, the bank’s focused customer-centric approach, and multiple new high profit-oriented products, the bank said
Central Bank of the UAE
Sharjah Islamic Bank increases foreign ownership to 40 percent following regulatory approvals
Sharjah Islamic Bank has witnessed a noticeable and active improvement in the performance of its share price, with the increase of foreign ownership to 40 percent providing an additional incentive to promote the trading of the bank’s shares in local markets
Bahrain
Bahrain said to raise $500m as it awaits support from Gulf allies
Sources say Bahrain has raised $500m from a private placement of bonds with five regional banks