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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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KPMG Report: Bold people strategies are crucial in achieving competitive edge in HR
May 8th, 2023 - 07:25 GMT

KPMG Report: Bold people strategies are crucial in achieving competitive edge in HR

Islamic Development Bank (IsDB) Group Annual Meetings Are to Begin in Jeddah Next Wednesday
May 8th, 2023 - 07:16 GMT

Islamic Development Bank (IsDB) Group Annual Meetings Are to Begin in Jeddah Next Wednesday

Al Salam Bank Recognized as “Bank of the Year”
May 8th, 2023 - 06:17 GMT

Al Salam Bank Recognized as “Bank of the Year”

China's forex reserves up $21b
May 7th, 2023 - 10:56 GMT

China's forex reserves up $21b, Yuan beats Dollar

EDB and UAE Ministry of Economy Recognize Partners for Successful Credit Guarantee Scheme Supporting mSMEs
May 7th, 2023 - 09:08 GMT

EDB and UAE Ministry of Economy Recognize Partners for Successful Credit Guarantee Scheme Supporting mSMEs

Social Security announces 2.74% pension raise
May 7th, 2023 - 08:53 GMT

Jordan Social Security posts 2.74% pension raise

UAE, GCC relieved by Fed interest rate halt
May 7th, 2023 - 08:14 GMT

UAE, GCC relieved by Fed rate halt

World Bank President Highlights Economic Challenges
May 7th, 2023 - 08:14 GMT

World Bank highlights global economic challenges

BisB Appoints Mohamed Kadhem Ebrahim as Chief Strategy & Sustainability Officer
May 7th, 2023 - 08:06 GMT

BisB Appoints Mohamed Kadhem Ebrahim as Chief Strategy & Sustainability Officer

KIB revealed the winners of “Al Dirwaza” account’s fourth draw
May 7th, 2023 - 07:42 GMT

KIB revealed the winners of “Al Dirwaza” account’s fourth draw

NBO’s islamic banking window, muzn’s kids wakala account helps children save for the future
May 7th, 2023 - 07:31 GMT

NBO’s islamic banking window, muzn’s kids wakala account helps children save for the future

Qatar insurance recovers with profits of QR175m
May 7th, 2023 - 06:48 GMT

Qatar insurance recovers with profits of QR175m

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