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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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muzn islamic banking provides unique investment solution to endowments, masajid and quran schools
April 4th, 2023 - 09:24 GMT

Muzn islamic banking provides unique investment solution to endowments, masajid and quran schools

IMF Approves $5 Billion Credit Line for Morocco to Prevent Crises
April 4th, 2023 - 08:57 GMT

IMF approves $5b credit line for Morocco

Emirates NBD announces series of community initiatives in celebration of the Holy Month of Ramadan
April 4th, 2023 - 07:31 GMT

Emirates NBD announces series of community initiatives in celebration of the Holy Month of Ramadan

KPMG in Bahrain continues its’ support for young Bahraini talent
April 3rd, 2023 - 07:13 GMT

KPMG in Bahrain continues its’ support for young Bahraini talent

Mastercard reimagines bespoke travel experiences through strategic partnership with Illusions Online
April 3rd, 2023 - 09:44 GMT

Mastercard reimagines bespoke travel experiences through strategic partnership with Illusions Online

Sharjah Islamic Bank launches Flexi Long Term Deposit
April 3rd, 2023 - 09:14 GMT

Sharjah Islamic Bank launches Flexi Long Term Deposit

NBB Reiterates Support for Charity Funds this Ramadan
April 3rd, 2023 - 07:56 GMT

NBB Reiterates Support for Charity Funds this Ramadan

KPMG: Despite increase in cost of funds and liquidity constraints, Saudi banking industry reported robust growth in 2022
April 3rd, 2023 - 05:53 GMT

KPMG: Despite increase in cost of funds and liquidity constraints, Saudi banking industry reported robust growth in 2022

NBB Reiterates Support for Charity Funds this Ramadan
April 2nd, 2023 - 07:45 GMT

NBB Reiterates Support for Charity Funds this Ramadan

Burgan Bank holds its 58th Annual General Assembly and 36th Annual Extraordinary General Meeting
April 2nd, 2023 - 06:26 GMT

Burgan Bank holds its 58th Annual General Assembly and 36th Annual Extraordinary General Meeting

Dow shoots up 301 points at end of winning 1st Q
March 31st, 2023 - 04:31 GMT

Dow shoots up 301 points at end of winning 1st Q

Mastercard Launches Exclusive Chef’s Table Experience with ORFALI BROS this Ramadan
March 30th, 2023 - 09:46 GMT

Mastercard Launches Exclusive Chef’s Table Experience with ORFALI BROS this Ramadan

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