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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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Burgan Bank Concluded its Sponsorship of the “Fall Festival” in Partnership with Dar Al-Athar Al-Islamiya’s
November 15th, 2022 - 06:32 GMT

Burgan Bank Concluded its Sponsorship of the “Fall Festival” in Partnership with Dar Al-Athar Al-Islamiya’s

Al Salam Bank Completes a US$2.2bn Transaction with Ithmaar Holding to Acquire Ithmaar Bank’s Consumer Banking Business and a selection of other Assets
November 14th, 2022 - 03:54 GMT

Al Salam Bank Completes a US$2.2bn Transaction with Ithmaar Holding to Acquire Ithmaar Bank’s Consumer Banking Business and a selection of other Assets

Burgan Bank Concluded its Sponsorship of the “Fall Festival” in Partnership with Dar Al-Athar Al-Islamiya
November 14th, 2022 - 03:20 GMT

Burgan Bank Concluded its Sponsorship of the “Fall Festival” in Partnership with Dar Al-Athar Al-Islamiya

BisB Receives the Excellence Award in the Field of Social Responsibility for Islamic Financial Institutions and Banks for the Year 2022
November 14th, 2022 - 09:19 GMT

BisB Receives the Excellence Award in the Field of Social Responsibility for Islamic Financial Institutions and Banks for the Year 2022

Bank ABC announces Q3 and Nine Months 2022 results with a Year-to-Date net profit of $114 million  attributable to the shareholders of the parent
November 14th, 2022 - 08:11 GMT

Bank ABC announces Q3 and Nine Months 2022 results with a Year-to-Date net profit of $114 million attributable to the shareholders of the parent

Al Salam Bank Announces Financial Results for the  Third Quarter of 2022
November 14th, 2022 - 06:15 GMT

Al Salam Bank Announces Financial Results for the Third Quarter of 2022

NBB Participates as Silver Sponsor in the Bahrain International Airshow 2022
November 13th, 2022 - 09:05 GMT

NBB Participates as Silver Sponsor in the Bahrain International Airshow 2022

The UAE Federal Tax Authority is launching EmaraTax on 5 December 2022
November 13th, 2022 - 08:32 GMT

The UAE Federal Tax Authority is launching EmaraTax on 5 December 2022

KPMG in Bahrain delivers Waqf Fund’s ‘Compliance Head Grooming program’ for Compliance Leaders in Bahrain
November 13th, 2022 - 08:26 GMT

KPMG in Bahrain delivers Waqf Fund’s ‘Compliance Head Grooming program’ for Compliance Leaders in Bahrain

Three NBO Female Employees Recognized at Al Mar’a Excellece Awards and Muntada Al Mar’a
November 13th, 2022 - 08:01 GMT

Three NBO Female Employees Recognized at Al Mar’a Excellece Awards and Muntada Al Mar’a

Bank ABC Islamic announces nine months 2022 net profit of $29.6 million
November 13th, 2022 - 07:31 GMT

Bank ABC Islamic announces nine months 2022 net profit of $29.6 million

Burgan Bank Launches New Concierge Services in Partnership with Peacock Concierge
November 13th, 2022 - 07:24 GMT

Burgan Bank Launches New Concierge Services in Partnership with Peacock Concierge

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