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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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Eurozone economy grows by 0.1% in Q1 2023, defying expectations
April 28th, 2023 - 11:44 GMT

Eurozone economy grows 0.1% in 1st quarter of 2023

Cleveland Clinic Abu Dhabi experts restore genetically induced hearing loss in young patient
April 27th, 2023 - 09:45 GMT

Cleveland Clinic Abu Dhabi experts restore genetically induced hearing loss in young patient

Burgan Bank’s Ramadan Campaign Broke Records
April 27th, 2023 - 08:32 GMT

Burgan Bank’s Ramadan Campaign Broke Records

Standard Chartered Bank Q1 profits jump 21% on higher interest rates and reopening in China
April 27th, 2023 - 07:59 GMT

Standard Chartered profits jump 21% in 1st quarter

Mastercard and egabi collaborate to expand access to digital lending solutions across Eastern Europe, Middle East, Africa
April 27th, 2023 - 07:17 GMT

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

KIB, KRCS join hands to launch annual Eid clothing initiative
April 26th, 2023 - 10:11 GMT

KIB, KRCS join hands to launch annual Eid clothing initiative

Visa and ‘ImInclusive’ Partner to Promote Workplace Inclusion and Accelerate Financial Education for People of Determination in MENA
April 26th, 2023 - 07:25 GMT

Visa and ‘ImInclusive’ Partner to Promote Workplace Inclusion and Accelerate Financial Education for People of Determination in MENA

NBO enables customers to earn cashback on purchases at shell petrol stations
April 25th, 2023 - 10:41 GMT

NBO enables customers to earn cashback on purchases at shell petrol stations

Emirates NBD Priority Banking introduces Signature, an exclusive new proposition for the ultra-high-net-worth client segment
April 25th, 2023 - 10:21 GMT

Emirates NBD Priority Banking introduces Signature, an exclusive new proposition for the ultra-high-net-worth client segment

Mastercard and DIFC to drive digital transformation by partnering with FinTech companies
April 19th, 2023 - 06:45 GMT

Mastercard and DIFC to drive digital transformation by partnering with FinTech companies

Bank ABC Islamic named Best Islamic Financial Institution in  Bahrain in 2023
April 19th, 2023 - 06:36 GMT

Bank ABC Islamic named Best Islamic Financial Institution in Bahrain in 2023

ADCB reports record net profit of AED 1.878 bn in Q1’23, up 27% YoY
April 19th, 2023 - 09:41 GMT

ADCB reports record net profit of AED 1.878 bn in Q1’23, up 27% YoY

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