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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
June 25th, 2014 - 09:43 GMT

NBAD appoints Chief Investment Officer

CIMA
June 25th, 2014 - 08:36 GMT

CIMA renews Islamic Finance partnership with Talal Abu Ghazaleh organisation

Al Bawaba
June 25th, 2014 - 08:07 GMT

Standard Chartered launches VISA Manhattan Platinum Credit Card for UAE’s young and affluent segment

Al Bawaba
June 25th, 2014 - 06:37 GMT

UAE Exchange awarded ‘Brand of the Year’ by Superbrands

At the NSSF, uneasiness and anxiety prevail as it became evident that there is widespread corruption at social security offices.
June 25th, 2014 - 03:55 GMT

Lebanon's National Social Security Fund comes under fire for alleged corruption

Prime Minister Recep Tayyip Erdoğan has been voicing his disapproval of the central bank since late January,
June 24th, 2014 - 10:26 GMT

Erdogan just won't let go: Turkey's central bank comes under fire again

Cheques worth 2.23 billion bounced in the first three first months of this year.
June 24th, 2014 - 10:07 GMT

Blank cheques identified as main reason behind improsinment in Dubai

Al Bawaba
June 24th, 2014 - 01:07 GMT

Islamic Development Bank approves than US $447 million for financing new development projects

Nimish Dwivedi, Head of Payment at Mashreq
June 24th, 2014 - 04:25 GMT

Mashreq Cards launches exciting offers to double reward points

After four days of trading in the green, the Saudi stock market saw a significant setback on Monday, dropping more than one percent or 103.85 points.
June 24th, 2014 - 03:55 GMT

Tourism, construction stocks take hit in Saudi Arabia

Typically, institutional investors are restricted to investing in developed and emerging markets, so the reclassification highlights the entry of a new class of investors into the domestic market.
June 23rd, 2014 - 11:39 GMT

How to better understand the often-confusing MSCI upgrade of GCC markets

Al Bawaba
June 23rd, 2014 - 09:49 GMT

It keeps getting worse? Arabtec lays off hundreds of employees

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