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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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Paymentology Powers Nomo, The First Digital Sharia-Compliant International Bank
May 3rd, 2023 - 08:49 GMT

Paymentology Powers Nomo, The First Digital Sharia-Compliant International Bank

BisB appoints Fatema Alalawi as chief of retail banking officer
May 3rd, 2023 - 03:56 GMT

BisB appoints Fatema Alalawi as chief of retail banking officer

Boursa Kuwait records net profit of KD 4.31 million for the first quarter of 2023
May 2nd, 2023 - 03:40 GMT

Boursa Kuwait records net profit of KD 4.31 million for the first quarter of 2023

Yen continues sharp decline, Australian dollar jumps after unexpected interest rate hike
May 2nd, 2023 - 10:17 GMT

Japanese Yen slides as Australian dollar shores up

BP: Announces Q1 net profit of $4.96 billion, below last year's exceptional levels
May 2nd, 2023 - 09:44 GMT

BP reports $4.96b net profit in 1st quarter

ADIB launches first-of-its-kind campaign to incentivise banking consolidation
May 1st, 2023 - 08:14 GMT

ADIB launches first-of-its-kind campaign to incentivise banking consolidation

Exxon and Chevron divided over what to do with record profits
May 1st, 2023 - 07:57 GMT

ExxonMobil, Chevron divided on record profits

Arab Bank Group profits grow by 30% to $216 million for the first quarter of 2023
May 1st, 2023 - 07:41 GMT

Arab Bank Group profits grow by 30% to $216 million for the first quarter of 2023

UAE stock markets gain over Dh106b in April
April 30th, 2023 - 07:17 GMT

UAE stock market gains Dh106b in April

IsDB Group to Bring Together Ministers from 57 Member Countries, Highlight Economic and Social Development Opportunities
April 30th, 2023 - 07:04 GMT

IsDB Group to Bring Together Ministers from 57 Member Countries, Highlight Economic and Social Development Opportunities

KPMG publishes eighth edition of the GCC listed banks’ results; Kuwait’s banking sector records highest growth in total assets
April 30th, 2023 - 06:01 GMT

KPMG publishes eighth edition of the GCC listed banks’ results; Kuwait’s banking sector records highest growth in total assets

Mastercard and egabi collaborate to expand access to digital lending solutions across Eastern Europe, Middle East, Africa
April 28th, 2023 - 12:05 GMT

Mastercard and egabi collaborate to expand access to digital lending solutions across Eastern Europe, Middle East, Africa

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