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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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Al Salam Bank Brings Apple Pay to Customers
October 4th, 2022 - 06:45 GMT

Al Salam Bank Brings Apple Pay to Customers

UAE University celebrates World Teachers' Day
October 4th, 2022 - 08:07 GMT

UAE University celebrates World Teachers' Day

Standard Chartered Introduces the Region’s First Sustainable Receivables Financing Facility in Partnership With Eci and Siemens
October 4th, 2022 - 07:18 GMT

Standard Chartered Introduces the Region’s First Sustainable Receivables Financing Facility in Partnership With Eci and Siemens

Banque Internationale de Commerce - BRED (Suisse) SA, Establishes Middle East Presence in DIFC
October 4th, 2022 - 06:31 GMT

Banque Internationale de Commerce - BRED (Suisse) SA, Establishes Middle East Presence in DIFC

KPMG Adds Expatriate Senior Directors to Ownership of Firm in Saudi Arabia
October 3rd, 2022 - 04:44 GMT

KPMG Adds Expatriate Senior Directors to Ownership of Firm in Saudi Arabia

RAKBANK Joins Cross-border Payments Platform Buna
October 3rd, 2022 - 08:53 GMT

RAKBANK Joins Cross-border Payments Platform Buna

Burgan Bank Celebrates the Graduation of Retail Academy Trainees
October 3rd, 2022 - 05:52 GMT

Burgan Bank Celebrates the Graduation of Retail Academy Trainees

Mastercard Expands Decades-long Football Legacy Through Guinness World Records Title With Luis Figo
October 2nd, 2022 - 08:47 GMT

Mastercard Expands Decades-long Football Legacy Through Guinness World Records Title With Luis Figo

Bahrain Islamic Bank (BisB) Appoints  Mr. Yaser Alsharifi as the Bank’s CEO
October 2nd, 2022 - 07:22 GMT

Bahrain Islamic Bank (BisB) Appoints Mr. Yaser Alsharifi as the Bank’s CEO

NBO Named Best Performing Company in the Large Capital Category at Aiwa Awards
October 2nd, 2022 - 06:02 GMT

NBO Named Best Performing Company in the Large Capital Category at Aiwa Awards

ADIB reinforces its position as a leading innovator in financial services
September 29th, 2022 - 08:05 GMT

ADIB reinforces its position as a leading innovator in financial services

Turkey Cuts All Ties with Russian Banks Amid Fears of US Sanctions
September 28th, 2022 - 10:45 GMT

Turkey Cuts All Ties with Russian Banks Amid Fears of US Sanctions

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