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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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As the economy has improved and various sectors such as retail, tourism and real estate have shown significant improvements, banks in the UAE, including Mashreq, have experienced 20 per cent growth in the first six months."
September 12th, 2013 - 11:20 GMT

UAE banks' growth figures on phenomenal upswing

Finance Minister Ummaya Toukan added that loopholes in the auditing and monitoring system can lead to financial crises as it was the case in 2008, when countries witnessed a global financial crisis.
September 12th, 2013 - 09:02 GMT

Can more stringent auditing be the solution to corruption in Jordan?

Art by Thajba Najeeb
September 12th, 2013 - 08:15 GMT

Thajba Najeeb’s ‘life in progress’ exhibition premieres at Capital Club 18th September through 18th October

Islamic finance has already made its presence felt in the UK.
September 12th, 2013 - 05:23 GMT

UAE, UK bonding over Islamic bonds

Free Styler wows the visitors by performing soccer tricks at the UAB stand organised for the bank's alliance with FC Barcelona
September 12th, 2013 - 04:50 GMT

United Arab Bank continues to engage FC Barca fans at Mirdif City Centre

Systematic and smart investing not only ensures your money works for you but also keeps you solvent during hard times.
September 11th, 2013 - 01:17 GMT

The secrets to remaining afloat during bad financial times

Qatar sent Egypt $3 billion in May of which it converted $1 billion into three-year bonds
September 11th, 2013 - 12:03 GMT

Benevolent Qatar to convert $2 billion Egyptian loan into bonds

Jadawel used the projected income to secure a $900 million syndicated loan from Barclays and other lenders in 2001.
September 11th, 2013 - 12:02 GMT

Good luck with that: Saudi Businessman sues Barclays for $10 billion

The winners
September 11th, 2013 - 05:04 GMT

Doha Bank hosts Quiz competition for its staff members

The bank will cut nearly 80 jobs at its bancassurance division and about 120 jobs at its credit card business, Reuters quoted one banking source familiar with the plan as saying.
September 10th, 2013 - 01:17 GMT

First Gulf Bank to fire hundreds of employees

Al Bawaba
September 10th, 2013 - 11:45 GMT

Emirates NBD social media activities create positive buzz on customers

 The effect of Rupee drop on the Indian investments in the UAE real estate market is a matter of concern, Dr. Girija Vyas, Indian Housing Minister, told Gulf News.
September 10th, 2013 - 06:53 GMT

How the rupee swings are bad for the UAE

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