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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
September 15th, 2014 - 11:22 GMT

Jordan Ahli Bank inaugurates new branch in the Jubeiha Area

Al Bawaba
September 15th, 2014 - 09:56 GMT

MoF discusses updates on the international requirements for transparency and the exchange of information to prepare for the second phase of the Global Forum’s assessment

Al Bawaba
September 15th, 2014 - 04:55 GMT

An odd dynamic? Saudi using desert to emulate Chinese model and attract Chinese investors

Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.
September 15th, 2014 - 03:55 GMT

Are Islamic finance's non-Muslim adherents 'pushing the limits'?

Al Bawaba
September 15th, 2014 - 03:55 GMT

Running the country's economy from the outside? Libya's central bank chief fired amidst power struggle

While remittances to India from the GCC is a given considering the huge Indian population, remittances to other parts of the world is also increasing.
September 14th, 2014 - 08:48 GMT

A good chunk: UAE Exchange claims 6% of global remittances

Al Bawaba
September 14th, 2014 - 10:12 GMT

Mashreq’s opens the Region’s Smart Banking branch in Al Ain

Al Bawaba
September 14th, 2014 - 08:43 GMT

IBQ awards latest lucky draw winner of thanq loyalty programme

Abu Dhabi Islamic Bank
September 14th, 2014 - 07:35 GMT

ADIB offers investors low-risk exposure to global sharia-compliant stocks

Al Bawaba
September 11th, 2014 - 05:47 GMT

Mashreq’s Business Loan winners drive off in their Ford Edge SUVs

The report also expects no near-term International Monetary Fund (IMF) engagement with Egypt.
September 10th, 2014 - 03:31 GMT

Despite the IMF's lack of involvement: GCC aid will be 'enough' to keep Egypt afloat, says Merril Lynch

Since EBRD started its operations in the Kingdom in 2012, it has invested 203 million euros (around $262 million) in seven projects in Jordan covering various sectors, according to a statement released Tuesday.
September 10th, 2014 - 03:12 GMT

European bank 'committed' to Jordan's economic development

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