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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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Since August 5, conditions in the market have made it less worthwhile to hold shekels, because the Israeli banks were willing to pay almost 1% annual interest on dollar deposits.
August 21st, 2014 - 12:20 GMT

Why is the Israeli shekel so weak?

Al Bawaba
August 21st, 2014 - 10:10 GMT

NBAD MENA income and growth fund delivers 2.40% semi annual dividend

This new service gives customers the ability to withdraw cash and send money to their friends, family or anyone in the UAE instantly using their mobile phone, even if the recipient does not have a bank account.
August 20th, 2014 - 07:23 GMT

Card-less cash withdrawals now an option in the UAE

Al Bawaba
August 20th, 2014 - 12:54 GMT

Standard Chartered Private Equity announces US$ 75 million equity investment in Topaz Energy and Marine

Al Bawaba
August 20th, 2014 - 03:55 GMT

What doesn't kill you, makes your stronger: why the Arab Bank is likely to emerge from the Israeli lawsuit 'unscathed with flying colors'

Local lenders in Saudi Arabia are dominating the market, prompting overseas banks to surrender their licenses as they struggle to compete.
August 19th, 2014 - 08:13 GMT

Too foreign? An inside look into the struggles of foreign banks in Saudi Arabia

Al Bawaba
August 19th, 2014 - 10:44 GMT

FGB announces Head of Corporate Finance Advisory appointment

Al Bawaba
August 19th, 2014 - 09:31 GMT

Emirates NBD wins big at Global Brand Excellence Awards 2014

Al Bawaba
August 19th, 2014 - 05:16 GMT

NBAD Subsidiary in Americas renamed, strong service continues

Al Bawaba
August 19th, 2014 - 12:04 GMT

Opening up to foreigners and getting high: Saudi stocks on six-and-a-half year peak

Al Bawaba
August 18th, 2014 - 09:46 GMT

Doha Bank named ‘The Best Commercial Bank in the Middle East 2014’ at the Global Banking and Finance Awards 2014

Al Bawaba
August 18th, 2014 - 07:58 GMT

Jordan Ahli Bank’s SME Academy Unit holds training workshop on effective communication

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