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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 Launches Double Your Rewards with limited edition Visa Platinum Credit Card
November 2nd, 2022 - 07:24 GMT

Burgan Bank Launches Double Your Rewards with limited edition Visa Platinum Credit Card

NBB reports a 11% increase in net profit attributable to the owners of the bank for the nine months ended 30 September 2022
November 2nd, 2022 - 05:45 GMT

NBB reports a 11% increase in net profit attributable to the owners of the bank for the nine months ended 30 September 2022

Mashreq comes on board to support COP27 following signing of MoU with Egypt’s COP Presidency
November 1st, 2022 - 09:30 GMT

Mashreq comes on board to support COP27 following signing of MoU with Egypt’s COP Presidency

Bank of Jordan Inaugurates its First Branch in Iraq
November 1st, 2022 - 08:38 GMT

Bank of Jordan Inaugurates its First Branch in Iraq

Abu Dhabi Islamic Bank enables cross-border instant INR currency transfers from the UAE using SWIFT gpi Instant
November 1st, 2022 - 08:22 GMT

Abu Dhabi Islamic Bank enables cross-border instant INR currency transfers from the UAE using SWIFT gpi Instant

LIBF MENA releases whitepaper on how satellites, artificial intelligence and machine learning can help firms measure their ESG exposures
November 1st, 2022 - 07:51 GMT

LIBF MENA releases whitepaper on how satellites, artificial intelligence and machine learning can help firms measure their ESG exposures

IMF Regional Economic Outlook Forecasts 2022 Real GDP Growth for the Region at 5%, up from 4.1% in 2021
October 31st, 2022 - 09:35 GMT

IMF Regional Economic Outlook Forecasts 2022 Real GDP Growth for the Region at 5%, up from 4.1% in 2021

GIB Takes Part in PIF’s Voluntary Carbon Markets Auction and Signs to Support the Kingdom’s Decarbonisation Goals
October 31st, 2022 - 09:12 GMT

GIB Takes Part in PIF’s Voluntary Carbon Markets Auction and Signs to Support the Kingdom’s Decarbonisation Goals

Burgan Bank Renews its Sponsorship of the Kuwait Equestrian Federation Tour for the Second Consecutive Year
October 31st, 2022 - 08:18 GMT

Burgan Bank Renews its Sponsorship of the Kuwait Equestrian Federation Tour for the Second Consecutive Year

Boursa Kuwait records 29.2% increase in its net profit for the period ended 30 September 2022
October 31st, 2022 - 07:35 GMT

Boursa Kuwait records 29.2% increase in its net profit for the period ended 30 September 2022

NBB Transitions to Eco-Friendly Cards Issued by SINNAD
October 31st, 2022 - 06:41 GMT

NBB Transitions to Eco-Friendly Cards Issued by SINNAD

KPMG Bahrain facilitated learning sessions for students focused on cyber security
October 31st, 2022 - 05:45 GMT

KPMG Bahrain facilitated learning sessions for students focused on cyber security

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