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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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KPMG in Bahrain highlights the potential benefits and challenges that businesses in Bahrain need to prepare for with the implementation of Corporate Income Tax and E-Invoicing
March 15th, 2023 - 09:40 GMT

KPMG in Bahrain highlights the potential benefits and challenges that businesses in Bahrain need to prepare for with the implementation of Corporate Income Tax and E-Invoicing

muzn offers islamic financing solutions at lower cost for customers
March 15th, 2023 - 09:26 GMT

muzn offers islamic financing solutions at lower cost for customers

Emirates NBD Securities offers trading account opening through DFM application
March 15th, 2023 - 06:25 GMT

Emirates NBD Securities offers trading account opening through DFM application

"KIB" provides its corporate clients with KIBPay service for higher efficiency in fund collecting
March 15th, 2023 - 04:30 GMT

"KIB" provides its corporate clients with KIBPay service for higher efficiency in fund collecting

Investcorp distributes $1.2 billion to GCC investors
March 14th, 2023 - 10:15 GMT

Investcorp distributes $1.2b to GCC investors

ADIB onboards Ashley Veasey as new Group Chief Information Officer
March 14th, 2023 - 10:10 GMT

ADIB onboards Ashley Veasey as new Group Chief Information Officer

Lebanese Pound
March 14th, 2023 - 09:09 GMT

Lebanese pound hits record low

ECB interest rate hike on Thursday
March 13th, 2023 - 09:19 GMT

ECB to hike interest rates again

US closes down Signature Bank
March 13th, 2023 - 11:55 GMT

US closes down Signature Bank

Mastercard partners with Infinios to introduce first-ever wholesale travel program in the Middle East and North Africa
March 13th, 2023 - 10:00 GMT

Mastercard partners with Infinios to introduce first-ever wholesale travel program in the Middle East and North Africa

Sharjah Islamic Bank receives the Learning Culture of the Year Award from the Human Resources and Learning Platform in the Middle East and Africa
March 13th, 2023 - 09:28 GMT

Sharjah Islamic Bank receives the Learning Culture of the Year Award from the Human Resources and Learning Platform in the Middle East and Africa

Joe Biden vows to protect US banking sector
March 13th, 2023 - 07:36 GMT

Joe Biden vows to protect US banking sector

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