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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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Burgan Bank
August 12th, 2013 - 11:27 GMT

Burgan Bank Group announces a record high Second Quarter performance

Al Bawaba
August 12th, 2013 - 10:01 GMT

NBAD appoints Group Chief Information Officer

The recent rush by UAE banks to lend at lower interest rates to corporate borrowers has been criticized as ‘irrational exuberance’.
August 12th, 2013 - 09:17 GMT

Are UAE banks displaying irrational exuberance?

With the exception of Bank Audi, which posted a 21.78 percent increase in net loans, the loan portfolios of Byblos, BLOM, Bank of Beirut and BEMO contracted respectively by 0.48 percent, 0.67 percent, 1.37 percent and 4.39 percent.
August 7th, 2013 - 11:54 GMT

Lebanese banks suffering contractions

Syria’s economy has been hurt by depletion of foreign reserves that were estimated at around $16 billion to $18 billion before the conflict.under an article in the bloc’s regulations on Syria, “the release of frozen funds or economic resources may be authorized when this is necessary for humanitarian purposes.”
August 7th, 2013 - 11:22 GMT

Syrian regime seeks frozen bank accounts for vital food supplies

Ahmed Al Marzouqi, General Manager, Retail Distribution, Emirates NBD
August 7th, 2013 - 09:47 GMT

Emirates NBD enables 18 lucky customers to visit one of the Seven Wonders of the World

Al Bawaba
August 7th, 2013 - 07:20 GMT

Mashreq’s 3 E Cube Retail Concept inaugurated in Ibn Battuta branch

In its latest series of studies, The Future of Retirement: A new reality, HSBC looked into the obstacles that prevent consumers from saving for their later life.
August 7th, 2013 - 06:43 GMT

The new realities of retirement in the UAE

The country has run through more than $20bn in reserves, borrowed billions from abroad and delayed payments to oil companies to support its currency since its popular uprising in early 2011 (Getty images).
August 6th, 2013 - 10:36 GMT

Thanks to Gulf States, Egypt Foreign Reserves Highest in 20 months

During the event
August 6th, 2013 - 09:43 GMT

Jordan Ahli Bank hosts unique Happy Day Iftar

ADIB's Exhibition - The Road from Jerusalem to Mecca and Medina
August 6th, 2013 - 07:52 GMT

ADIB extends historical exhibition through Eid Al Fitr

The development is significant given that India has the world's third-largest Muslim population - after Indonesia and Pakistan - but does not allow Islamic banking.
August 6th, 2013 - 06:49 GMT

Growing interest? The state of Islamic banking in India

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