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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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Emirates Development Bank and Emirates Islamic to collaborate on credit guarantee scheme supporting SMEs in the UAE
April 19th, 2023 - 09:33 GMT

Emirates Development Bank and Emirates Islamic to collaborate on credit guarantee scheme supporting SMEs in the UAE

Gold prices decline as dollar gains strength and investors evaluate Fed's interest rate decision
April 19th, 2023 - 08:27 GMT

Gold prices decline as US dollar gains strength

Standard Chartered: “Bonds and Gold to outperform Equities”
April 19th, 2023 - 08:06 GMT

Standard Chartered: “Bonds and Gold to outperform Equities”

Dubai Islamic Bank First Quarter 2023 Group Financial Results
April 19th, 2023 - 07:56 GMT

Dubai Islamic Bank First Quarter 2023 Group Financial Results

Goldman Sachs' Q1 2023 profits decline by 19%
April 19th, 2023 - 07:29 GMT

Goldman Sachs' Q1 2023 profits decline by 19%

ADIB appoints Fernando Plaza as new Chief Digital Officer
April 18th, 2023 - 09:58 GMT

ADIB appoints Fernando Plaza as new Chief Digital Officer

Applications open in Jordan for Visa Everywhere Initiative, a global innovation competition for fintech startups
April 18th, 2023 - 09:27 GMT

Applications open in Jordan for Visa Everywhere Initiative, a global innovation competition for fintech startups

Bitcoin Hits All-Time High as Crypto Market Surpasses $1.2T
April 18th, 2023 - 07:35 GMT

Bitcoin rises as crypto market surpasses $1.2T

KIB announced the names of winning customers of Al Dirwaza digital account opening draw
April 18th, 2023 - 07:09 GMT

KIB announced the names of winning customers of Al Dirwaza digital account opening draw

Boursa Kuwait sheds light on its ESG commitments and achievements in second Sustainability Report
April 18th, 2023 - 05:52 GMT

Boursa Kuwait sheds light on its ESG commitments and achievements in second Sustainability Report

Gold slips below key $2,000 level
April 17th, 2023 - 05:12 GMT

Gold slips below key $2,000 level

Fitch Affirms Emirates Development Bank at 'AA-'; Outlook Stable
April 17th, 2023 - 09:43 GMT

Fitch Affirms Emirates Development Bank at 'AA-'; Outlook Stable

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