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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 Bawaba
November 6th, 2014 - 05:17 GMT

Mashreq’s Corporate & Investment Banking Group wins prestigious Leading Industry Awards

The swap agreement is valid for three years and may be extended by mutual consent.
November 5th, 2014 - 02:06 GMT

It's all about gas? Qatar, China agree on $6 billion currency swap

 The initial public offering by the NCB, which was hoping to raise $6 billion, is one of the largest in the world this year and the biggest in the kingdom's history.
November 4th, 2014 - 05:29 GMT

Sixteen times oversubscribed: Saudi Arabia's 'mother of all IPO's' comes to an end

The Kurdistan Regional Government is sounding out investors about a potential debt financing, although a number of gray areas need to be clarified before any deal emerges.
November 4th, 2014 - 05:15 GMT

Iraqi Kurdistan seeks investor funds amidst independence 'grey area'

Al Bawaba
November 4th, 2014 - 09:51 GMT

Emirates Islamic partners with Union Coop. to launch co-branded card

Al Bawaba
November 4th, 2014 - 09:11 GMT

UAE Exchange Fortune Fiesta offers air tickets, iPhone 6 and cash vouchers

Al Bawaba
November 3rd, 2014 - 12:02 GMT

Emirates Islamic marks UAE Flag Day

Al Bawaba
November 3rd, 2014 - 09:33 GMT

IBQ wins “The Best Loyalty Program in MEA” at the MasterCard Innovation Forum 2014

Credit cards represent only 20% of total financial transactions, while payment upon delivery occupies the lion’s share of total online purchases.
November 3rd, 2014 - 05:55 GMT

A blessing in disguise? Only 7% of Egyptians have bank accounts

The new rules allow Islamic banks to hold a variety of instruments, ranging from sukuk issued by the Qatari government to those issued by Saudi Arabian firms.
November 3rd, 2014 - 05:55 GMT

Britian's financial sector displaying sharia-compliant tendencies

The international rating agency said the revised outlook for Jordan's rating was supported by expectations that the Kingdom's fiscal and external balances will continue to improve.
November 2nd, 2014 - 01:11 GMT

Three years later: S&P is finally convinced that Jordan is stable

Al Bawaba
November 2nd, 2014 - 10:27 GMT

NBAD provides AED1.2 billion financing to Abu Dhabi National Hotels

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