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Banking and Finance

Banking and Finance latest

Sharjah Islamic Bank Achieves Net Profit of AED 1.3 Billion for the year 2025 with 26% Growth and Proposes 20% Higher Cash Dividends and Capital Increase
January 23rd, 2026 - 10:19 GMT

Sharjah Islamic Bank Achieves Net Profit of AED 1.3 Billion for the year 2025 with 26% Growth and Proposes 20% Higher Cash Dividends and Capital Increase

Sharjah Islamic Bank delivered a strong financial and operational performance during 2025, supported by balanced growth across its core activities. Net profit after tax reached AED 1.32 billion, representing an increase of 26% compared to AED 1.05 billion recorded in 2024. Income from Islamic financing investments and sukuk increased by AED 175.0 million, representing a growth rate of 4.7%, reaching approximately AED 3.9 billion in 2025, compared to AED 3.7 billion in the previous year. Meanwhile, distributions to depositors and sukuk holders amounted to AED 2.3 billion, compared to AED ...
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Markets tumble on US debt ceiling deal concerns
May 31st, 2023 - 08:11 GMT

Markets tumble on US debt ceiling deal concerns

Gold rates in Jordan Today Wednesday 31 May 2023
May 31st, 2023 - 06:56 GMT

Gold rates in Jordan Today Wednesday 31 May 2023

Gold rates in Saudi Arabia Today Wednesday 31 May 2023
May 31st, 2023 - 06:50 GMT

Gold rates in Saudi Arabia Today Wednesday 31 May 2023

Gold rates in Qatar Today Wednesday 31 May 2023
May 31st, 2023 - 06:43 GMT

Gold rates in Qatar Today Wednesday 31 May 2023

Gold rates in UAE Today Wednesday 31 May 2023
May 31st, 2023 - 06:32 GMT

Gold rates in UAE Today Wednesday 31 May 2023

BisB strategic partner of the 4th annual islamic finance innovation day forum
May 31st, 2023 - 05:19 GMT

BisB strategic partner of the 4th annual islamic finance innovation day forum

NBB Partners With Innov8 Hackathon 2023
May 31st, 2023 - 05:14 GMT

NBB Partners With Innov8 Hackathon 2023

Saudi poised to join UAE in BRICS bank
May 30th, 2023 - 12:35 GMT

Saudi poised to join UAE in BRICS bank

Inflation hits UK hard, prices up 9%
May 30th, 2023 - 12:02 GMT

Inflation hits UK hard, prices up 9%

Binance Australia customers dump Bitcoin in a rush
May 30th, 2023 - 11:12 GMT

Binance Australia customers dump Bitcoin in a rush

KIB launches first Biometric Visa Card in Kuwait
May 30th, 2023 - 10:04 GMT

KIB launches first Biometric Visa Card in Kuwait

Republicans speak out against US debt ceiling deal
May 30th, 2023 - 09:17 GMT

Republicans speak out against US debt ceiling deal

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