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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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US President Joe Biden speaks to the press before boarding Air Force One, as he departs for Northern Ireland, at Joint Base Andrews in Maryland on April 11, 2023. (Photo by Jim WATSON / AFP)
April 12th, 2023 - 04:58 GMT

Joe Biden takes credit for eased US inflation

Central Bank of UAE announces increase in cash deposits
April 12th, 2023 - 08:50 GMT

UAE Central Bank reports rise in cash deposits

Muzn boosts team development with dedicated islamic banking training opportunities
April 12th, 2023 - 07:35 GMT

Muzn boosts team development with dedicated islamic banking training opportunities

Abu Dhabi Securities Exchange (ADX) partners with Mashreq to provide instant trading access to clients
April 11th, 2023 - 09:59 GMT

Abu Dhabi Securities Exchange (ADX) partners with Mashreq to provide instant trading access to clients

Mastercard partners with Women Choice to help create 1 million jobs for women in the Arab world
April 11th, 2023 - 09:34 GMT

Mastercard partners with Women Choice to help create 1 million jobs for women in the Arab world

NBO opens Oman’s first digital corner to serve customers 24/7
April 11th, 2023 - 08:06 GMT

NBO opens Oman’s first digital corner to serve customers 24/7

IMF predicts interest rates in advanced economies will return to pre-pandemic levels
April 11th, 2023 - 07:41 GMT

IMF: interest rates to fall to pre-pandemic levels

World economy expected to grow by 2% in 2023
April 11th, 2023 - 07:32 GMT

Global economy to grow by 2% in 2023: World Bank

Al Salam Bank Joins Bahrain Trade
April 11th, 2023 - 07:05 GMT

Al Salam Bank Joins Bahrain Trade

Mark Zuckerberg Tops List of Young Billionaires in the World
April 10th, 2023 - 09:26 GMT

Mark Zuckerberg tops young billionaires list

Emirates Islamic wins big at Islamic Finance News Awards 2022
April 10th, 2023 - 08:27 GMT

Emirates Islamic wins big at Islamic Finance News Awards 2022

NBB Reveals Winners of Education Finance Campaign
April 10th, 2023 - 07:16 GMT

NBB Reveals Winners of Education Finance Campaign

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