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Money Matters

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Sharjah Islamic Bank Successfully Completes the Sale of All Treasury Shares
October 26th, 2025 - 09:30 GMT

Sharjah Islamic Bank Successfully Completes the Sale of All Treasury Shares

Sharjah Islamic Bank (SIB) announced the successful sale of all its treasury shares, amounting to 167.67 million shares, representing 5.18% of the Bank’s total share capital. The sale was completed shortly after the announcement of SIB’s third-quarter financial results and attracted strong demand from investors, reflecting growing confidence in the Bank’s solid performance and robust financial position. HE Mohamed Abdalla, CEO of Sharjah Islamic Bank, stated that the strong investor interest in SIB’s shares underscores confidence in its financial strength and sustainable growth strategy. He added that the positive third-quarter ...
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Families opting to downsize are causing rent prices to drop in Abu Dhabi with so many vacant units available. (Shutterstock)
July 26th, 2016 - 05:00 GMT

Vacant homes driving down cost of rent in Abu Dhabi

As technology and online card usage evolves, cyber-criminals also become increasingly sophisticated. (File photo)
July 25th, 2016 - 07:14 GMT

How to protect yourself from card fraudsters

Before diving into homeownership, do the math and think about the long-term costs. (Shutterstock)
July 24th, 2016 - 08:00 GMT

Homeownership hidden costs: It’s more than just a mortgage!

With a little planning, money management doesn't have to be an overwhelming task for millennial expats. (Shutterstock)
July 21st, 2016 - 07:18 GMT

Millennial expats: Avoid the lavish lifestyle, build savings early

94 basic food products would be exempted from the tax in the UAE. (File photo)
July 20th, 2016 - 07:35 GMT

What you need to know about VAT: Part two

You will need to know if your employer can cover costs, how much money you will need until you get your first pay cheque and how much additional money you should have access to in case of an emergency. (File photo)
July 19th, 2016 - 11:11 GMT

Move it or renew it? How to manage home project costs

Other than credit and debit cards, another mechanism leading the way is prepaid cards. (File photo)
July 18th, 2016 - 07:21 GMT

Cashless payments trend gains ground globally but MENA is slow on the uptake

Once the framework agreement on implementation of VAT is reached, GCC countries have one year from January 1, 2018, to implement it. (File Photo)
July 17th, 2016 - 09:42 GMT

What you need to know about VAT: Part one

The most common machines have various security features such as watermark and ultraviolet detection. (Wikipedia)
July 14th, 2016 - 10:46 GMT

Countering the counterfeit: How to spot the fakes

The availability and ease of accessing this debt make it harder to resist the temptation of using it. (File photo)
July 12th, 2016 - 10:34 GMT

With higher credit limits comes greater responsibility

As of 2015, there is more than $147 million worth of fake US dollar bills circulating around the world. (File photo)
July 10th, 2016 - 11:30 GMT

Counterfeit cash still plagues the market

From a safety and security perspective, banks definitely rank up high, however, returns are not as attractive as compared to other financial instruments and products. (File photo)
July 5th, 2016 - 08:20 GMT

Don't bank on it: Putting your eggs in one basket isn't the best savings strategy

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