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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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Bank ABC Group pledges a donation of US$ 2 million towards earthquake relief in Türkiye and Syria
February 15th, 2023 - 04:36 GMT

Bank ABC Group pledges a donation of US$ 2 million towards earthquake relief in Türkiye and Syria

Burgan Bank Celebrates the Graduation of 23 Aspiring Employees from its “Retail Banking Academy”
February 15th, 2023 - 10:17 GMT

Burgan Bank Celebrates the Graduation of 23 Aspiring Employees from its “Retail Banking Academy”

Shorooq Partners invests in Gulf Capital’s SANTECHTURE
February 15th, 2023 - 08:16 GMT

Shorooq Partners invests in Gulf Capital’s SANTECHTURE

Dubai Islamic Bank successfully prices USD 1 billion Sustainable Sukuk
February 15th, 2023 - 07:54 GMT

Dubai Islamic Bank successfully prices USD 1 billion Sustainable Sukuk

KIB records KD 13.6 million profit for the year 2022
February 14th, 2023 - 03:32 GMT

KIB records KD 13.6 million profit for the year 2022

Al Salam Bank Launches "Back to School" Campaign to Encourage Education and Alleviate Burden of Academic Fees
February 14th, 2023 - 02:55 GMT

Al Salam Bank Launches "Back to School" Campaign to Encourage Education and Alleviate Burden of Academic Fees

Burgan Bank Honors its Distinguished Retail Banking Employees for the Year 2022
February 14th, 2023 - 10:38 GMT

Burgan Bank Honors its Distinguished Retail Banking Employees for the Year 2022

Emirates NBD arranges DAMAC’s USD 200 million  2.25-year senior unsecured sukuk
February 14th, 2023 - 09:17 GMT

Emirates NBD arranges DAMAC’s USD 200 million 2.25-year senior unsecured sukuk

Mastercard and Network International launch new Artificial Intelligence fraud-prevention solution
February 14th, 2023 - 08:15 GMT

Mastercard and Network International launch new Artificial Intelligence fraud-prevention solution

Laila Abdullatif Wins The $1,200,000 Tejoori Al Islami Grand Prize for 2022
February 14th, 2023 - 07:53 GMT

Laila Abdullatif Wins The $1,200,000 Tejoori Al Islami Grand Prize for 2022

RAKBANK delivers the highest annual profit growth in over a decade with a Net Profit of AED 1,163.4M and a growth of 53.4% YoY
February 13th, 2023 - 04:21 GMT

RAKBANK delivers the highest annual profit growth in over a decade with a Net Profit of AED 1,163.4M and a growth of 53.4% YoY

 KPMG in Kuwait conducts annual tax event 'Talking Tax'; aims to update business on the local and regional tax landscapes
February 13th, 2023 - 03:21 GMT

KPMG in Kuwait conducts annual tax event 'Talking Tax'; aims to update business on the local and regional tax landscapes

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