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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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ADCB signs pledge to support UAE Net Zero by 2050 Strategic Initiative
January 22nd, 2023 - 04:00 GMT

ADCB signs pledge to support UAE Net Zero by 2050 Strategic Initiative

US multi-billion-dollar Aspiration Inc. to Expand to the UAE Capital under Abu Dhabi Investment Office supported Programme
January 19th, 2023 - 03:40 GMT

US multi-billion-dollar Aspiration Inc. to Expand to the UAE Capital under Abu Dhabi Investment Office supported Programme

CBI Net Profit Increases by 15% to AED 150 million in 2022
January 19th, 2023 - 10:34 GMT

CBI Net Profit Increases by 15% to AED 150 million in 2022

Genesis Marks its Second Year as the Official Partner of the Abu Dhabi HSBC Championship
January 19th, 2023 - 10:21 GMT

Genesis Marks its Second Year as the Official Partner of the Abu Dhabi HSBC Championship

Cleveland Clinic Abu Dhabi and College of Medicine and Health Sciences - United Arab Emirates University sign an MoU to promote research and education
January 19th, 2023 - 09:11 GMT

Cleveland Clinic Abu Dhabi and College of Medicine and Health Sciences - United Arab Emirates University sign an MoU to promote research and education

Al Salam Bank announces the winners of the grand prizes for the Danat and Thimaar Saving Schemes for the year 2022
January 18th, 2023 - 10:44 GMT

Al Salam Bank announces the winners of the grand prizes for the Danat and Thimaar Saving Schemes for the year 2022

Two new South Korean companies join Abu Dhabi’s innovation ecosystem
January 17th, 2023 - 09:17 GMT

Two new South Korean companies join Abu Dhabi’s innovation ecosystem

Mashreq Successfully Acquires Digital Banking License to Commence Operations in Pakistan
January 16th, 2023 - 10:32 GMT

Mashreq Successfully Acquires Digital Banking License to Commence Operations in Pakistan

Adaptation Investment in the UAE would contribute more than AED 100 billion to GDP
January 16th, 2023 - 07:11 GMT

Adaptation Investment in the UAE would contribute more than AED 100 billion to GDP

Kuwait Finance House – Bahrain Employees Awarded with the Islamic Arbitrator & Expert (CIAE) Certificate
January 15th, 2023 - 08:01 GMT

Kuwait Finance House – Bahrain Employees Awarded with the Islamic Arbitrator & Expert (CIAE) Certificate

Burgan Bank Crowns its First Millionaire with a KD 1,500,000 Prize
January 15th, 2023 - 07:12 GMT

Burgan Bank Crowns its First Millionaire with a KD 1,500,000 Prize

Dr. Rasheed Al-Qenae appointed Chairman of the KPMG Middle East, South Asia, and Caspian (MESAC) region
January 15th, 2023 - 06:20 GMT

Dr. Rasheed Al-Qenae appointed Chairman of the KPMG Middle East, South Asia, and Caspian (MESAC) region

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