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Banking and Finance

Banking and Finance latest

Sharjah Islamic Bank Reports Net Profit of AED 381 Million, Up 19.4% in Q1 2026
April 13th, 2026 - 11:44 GMT

Sharjah Islamic Bank Reports Net Profit of AED 381 Million, Up 19.4% in Q1 2026

Sharjah Islamic Bank (SIB) delivered an exceptional financial and operational performance across all business segments during the first quarter of 2026. Net profit after tax reached AED 380.7 million, representing an increase of 19.4% compared to AED 318.9 million for the same period in 2025. Income from investments in Islamic financing and Sukuk grew by AED 131.8 million, or 14.4%, to reach approximately AED 1.05 billion by the end of the first quarter of 2026, compared to AED 914.3 million during the same period in 2025. Meanwhile, total profit distributions ...
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Al Bawaba
July 10th, 2014 - 08:29 GMT

Mashreq shines again at The Smart Card & Payments Awards, Middle East

Al Bawaba
July 9th, 2014 - 08:15 GMT

Sharjah Islamic Bank to distribute 35,000 Iftar meals during Ramadan

Al Bawaba
July 9th, 2014 - 07:49 GMT

GFH to develop mixed-use, community in Dubailand

Al Bawaba
July 8th, 2014 - 06:43 GMT

The market speaks for itself: Israeli shekel, stocks down on Gaza attacks

Al Bawaba
July 8th, 2014 - 02:34 GMT

Taming the monster: UAE regulator to tighten supervision of financial markets over Arabtec's debacle

Dr. Yahya Alyahya, GIB CEO
July 8th, 2014 - 10:59 GMT

Gulf International Bank launches trial phase of retail banking services in the Saudi market

Al Bawaba
July 8th, 2014 - 03:55 GMT

The epitome of over-dependence: Egypt’s reserves fall $600 million due to suspension of Gulf aid

Dubai’s real estate market may also be overheating, as the country’s central bank issued a warning on the soaring property prices.
July 7th, 2014 - 10:49 GMT

Events of June 2014 drag GCC financial markets to the 'red zone'

Al Bawaba
July 7th, 2014 - 09:09 GMT

Emirates NBD becomes a global leader in arranging USD Sukuk

Al Bawaba
July 7th, 2014 - 09:05 GMT

International Finance Corporation (IFC), a member of the World Bank Group, to invest USD 100 Mn (SAR 375 Mn) in ACWA Power

Abdul-Aziz Al-Ghurair, CEO of Mashreq Bank
July 7th, 2014 - 08:44 GMT

Mashreq becomes first bank in UAE to receive accreditation from Institute of Internal Auditors, USA

The UK prime minster, David Cameron, in his Ramadan message states: “Ramadan is about charity, contemplation and community.”
July 7th, 2014 - 03:55 GMT

Banking in the time of Ramadan: reconciling contemplation with profit-making

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