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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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Consumer spending in global Islamic Economy sectors recovered to US$2 trillion in 2021, set to hit US$ 2.8 trillion by 2025
March 31st, 2022 - 12:08 GMT

Consumer spending in global Islamic Economy sectors recovered to US$2 trillion in 2021, set to hit US$ 2.8 trillion by 2025

Mashreq Named Market Leader for Best-in-Class Transactional Banking Services in the UAE and Middle East as Voted for by Customers in Latest Euromoney Survey
March 31st, 2022 - 10:25 GMT

Mashreq Named Market Leader for Best-in-Class Transactional Banking Services in the UAE and Middle East as Voted for by Customers in Latest Euromoney Survey

ADGM Academy signs MoU with National University of Singapore to promote collaboration in fintech education, research, and entrepreneurship
March 31st, 2022 - 09:58 GMT

ADGM Academy signs MoU with National University of Singapore to promote collaboration in fintech education, research, and entrepreneurship

Markaz supports SpeakUp Kuwait program as Gold Sponsor
March 30th, 2022 - 05:01 GMT

Markaz supports SpeakUp Kuwait program as Gold Sponsor

Al Salam Bank Opens the First Paperless & Fully Automated Branch in Bahrain
March 30th, 2022 - 04:14 GMT

Al Salam Bank Opens the First Paperless & Fully Automated Branch in Bahrain

NBO’s Holds its Annual and Extraordinary General Meeting
March 30th, 2022 - 04:07 GMT

NBO’s Holds its Annual and Extraordinary General Meeting

Burgan Bank Continues Its Sponsorship of the Ahmadi Music Group
March 30th, 2022 - 09:08 GMT

Burgan Bank Continues Its Sponsorship of the Ahmadi Music Group

The Ministry of Finance Participates in the Panel Discussion by Indonesia Regarding Public-Private Partnership at Expo 2020 Dubai
March 29th, 2022 - 10:42 GMT

The Ministry of Finance Participates in the Panel Discussion by Indonesia Regarding Public-Private Partnership at Expo 2020 Dubai

Dubai Chamber of Commerce & Industry Partners With Mastercard To Harness Data-led Decision Making for Economic Growth
March 29th, 2022 - 10:12 GMT

Dubai Chamber of Commerce & Industry Partners With Mastercard To Harness Data-led Decision Making for Economic Growth

Lebanon: Central Bank Governor Suspect in $132M Asset Freeze Probe
March 29th, 2022 - 08:23 GMT

Lebanon: Central Bank Governor Suspect in $132M Asset Freeze Probe

Sharjah Islamic Bank wins the Dubai Service Excellence Program award
March 29th, 2022 - 07:25 GMT

Sharjah Islamic Bank wins the Dubai Service Excellence Program award

BisB Holds its Ordinary and Extra-Ordinary General Meetings for the Year 2021
March 29th, 2022 - 07:13 GMT

BisB Holds its Ordinary and Extra-Ordinary General Meetings for the Year 2021

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