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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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Gold prices in Qatar Today Monday 15 May 2023
May 15th, 2023 - 05:12 GMT

Gold prices in Qatar Today Monday 15 May 2023

Gold prices in Dubai Today Monday 15 May 2023
May 15th, 2023 - 04:55 GMT

Gold prices in Dubai Today Monday 15 May 2023

KPMG: Building a regulatory ecosystem conducive to innovation and regulating it
May 15th, 2023 - 04:25 GMT

KPMG: Building a regulatory ecosystem conducive to innovation and regulating it

Bank ABC Q1 2023 results: net profit attributable to the shareholders of parent surges 94% to US$60 million
May 15th, 2023 - 04:17 GMT

Bank ABC Q1 2023 results: net profit attributable to the shareholders of parent surges 94% to US$60 million

Greed drives US market – CNN
May 14th, 2023 - 11:29 GMT

Greed drives US market – CNN

Turkish lira stumbles lightly, polling intensifies
May 14th, 2023 - 10:29 GMT

Turkish lira stumbles lightly, polling intensifies

Iraqis banned from trading in US dollar
May 14th, 2023 - 09:34 GMT

Iraqis banned from trading in US dollar

Bank ABC Islamic announces first quarter 2023 net profit of US$9.9 million
May 14th, 2023 - 08:40 GMT

Bank ABC Islamic announces first quarter 2023 net profit of US$9.9 million

Gov’t sells 9.5% stake in Telecom Egypt
May 14th, 2023 - 08:29 GMT

Gov’t sells 9.5% stake in Telecom Egypt

The Islamic Development Bank (IsDB) and its development partners, the Abu Dhabi Fund for Development (ADFD), the Bill & Melinda Gates Foundation (BMGF) and the Islamic Solidarity Fund for Development (ISFD) today announced the launch of the second phase of the Lives and Livelihoods Fund (LLF 2.0) on the sidelines of the IsDB Annual Meetings 2023.  The launch event was attended by the principals of the Fund’s founding partners, including His Excellency Mohamed Saif Al Suwaidi, Director General of Abu Dhabi F
May 14th, 2023 - 08:28 GMT

Islamic Development Bank and partners launch the Lives and Livelihoods Fund 2.0 to support economic development across 32 member countries

NBB Sponsors Ahli Club at This Year’s Asian Men's Club Volleyball Championship
May 14th, 2023 - 08:19 GMT

NBB Sponsors Ahli Club at This Year’s Asian Men's Club Volleyball Championship

Emirates Development Bank Concludes Successful Participation in Annual Investment Meeting
May 14th, 2023 - 07:37 GMT

Emirates Development Bank Concludes Successful Participation in Annual Investment Meeting

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