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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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Globally, we're all on another merry-go-round in chasing growth (Photo Credit: Getty images).
September 1st, 2013 - 12:31 GMT

As the US/Syrian debacle continues, where do GCC financial markets stand?

Al Bawaba
September 1st, 2013 - 11:51 GMT

Emirates NBD the main sponsor of Al Nasr Football Company for fifth consecutive year

Al Bawaba
September 1st, 2013 - 10:52 GMT

HSBC Bank Oman rewards Mandoos savings scheme winners with 200,000 Omani Riyals

The bank has said it is providing financial institutions with U.S. dollars at the rate of 175 pounds since last month.
September 1st, 2013 - 09:45 GMT

Syrian regime has had enough --with currency flight

QNB Group, the largest GCC bank by assets, is the only Qatari bank in the top ten list and was the fastest growing bank with total assets expanding by 30 percent in the 12 months to end-June 2013.
September 1st, 2013 - 07:38 GMT

Top ten GCC banks among the fastest growing globally

Jordan Dubai Islamic Bank
September 1st, 2013 - 05:05 GMT

Jordan Dubai Islamic Bank adopts Microsoft’s virtual desktop infrastructure technology

During the event
August 29th, 2013 - 08:35 GMT

Emirates Islamic Bank organises open day for UAE Nationals

While the correction in Dubai was partly due to the geopolitical tension, it was also looking for a chance to correct, as some experts believe it was an overheated market.
August 29th, 2013 - 07:30 GMT

Dubai and Saudi bourses see heavy buying, others still struggling

Foreign investors saw “a good opportunity” in the sharp drop.
August 28th, 2013 - 04:19 GMT

Opportunities for the rational: how opportunists are rescuing GCC markets

Al Bawaba
August 28th, 2013 - 10:16 GMT

Mashreq revolutionizes payment acceptance by launching Payport

Al Bawaba
August 28th, 2013 - 09:41 GMT

NBAD appoints Head of Commercial Banking Gulf

“We believe that Dubai had the most violent reaction to the news due to more foreign investor influence compared to other GCC countries. This reaction to current events is not sustainable as GCC economies are strong and thriving,” said Mr.Raghu.
August 28th, 2013 - 08:38 GMT

Now what? Should you pull out from the Dubai stock market?

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