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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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Islamic finance in 2014, is set to experience another increased momentum
February 9th, 2014 - 10:42 GMT

Islamic finance assets to reach $2.1tr by end-2014

Al Bawaba
February 9th, 2014 - 09:02 GMT

NBAD launches ‘Paper Tree’ initiative

Al Bawaba
February 9th, 2014 - 07:55 GMT

Mashreq wins big at MENA Fund Manager Awards 2014

Al Bawaba
February 9th, 2014 - 06:19 GMT

Jordan Ahli Bank gives away 2013 Kia Cerato to lucky student Raneen Drakejian

This marks the first rise in foreign reserves since last August.
February 9th, 2014 - 03:55 GMT

Who needs Qatar now? Egypt's reserves up for first time in six months

Nevertheless, the report said Turkey’s low and largely lira-denominated debt provided it with significant buffers against economic turbulence.
February 9th, 2014 - 03:55 GMT

Turkey's downgrade by S&P to 'negative' signals real trouble

Al Bawaba
February 6th, 2014 - 10:30 GMT

Mashreq launches latest version of the ‘Mashreq Flavors’ application

The scheme, launched this week, is open to all ADIB customers and comes at no extra charge.
February 6th, 2014 - 03:55 GMT

Yes, this is real! Abu Dhabi bank to offer free job loss cover

Al Bawaba
February 6th, 2014 - 03:55 GMT

Middle East proves itself a fertile ground for China's business ambitions

On narrow-body planes, both the Airbus A320neo and the Boeing 737 MAX are being considered, he said.
February 6th, 2014 - 03:55 GMT

With more privatization to come, Saudi Arabian airlines announces two IPO's

Al Bawaba
February 5th, 2014 - 01:00 GMT

Is Sukuk the Future of Global Finance?

Al Bawaba
February 5th, 2014 - 10:12 GMT

NBAD best bank for payments and collections in Middle East

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