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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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Governments are now issuing sukuks to finance their debts (File Archive)
December 26th, 2013 - 12:44 GMT

Why are sukuk sales set to soar in 2014?

Al Bawaba
December 26th, 2013 - 08:07 GMT

NBAD celebrates 25 years of banking experience

alizz islamic bank
December 26th, 2013 - 06:21 GMT

alizz islamic bank's headquarters adds an iconic masterpiece to CBD skyline

The central bank on Tuesday made its most clear commitment yet to ramping up its support of the lira, promising to sell at least $6 billion in foreign currency by the end of January.
December 26th, 2013 - 03:55 GMT

Turkish markets hit hard by corruption scandal, and it's about to get worse

Islamic banking is an industry based on trust. The fact that some suppliers are not completely trustworthy will impact the reputation and the trust of the industry.
December 26th, 2013 - 03:55 GMT

Is a scandal awaiting the Islamic finance industry in 2014?

Infrastructure spending in the gulf has risen sharply in recent years. (Image credit: Shutterstock)
December 25th, 2013 - 10:02 GMT

Abu Dhabi sovereign to return even as Gulf bonds are set to surge

Saudi's stock market reached a new five-year high of 8,562 points this week (File Archive)
December 25th, 2013 - 05:00 GMT

Why Saudi stocks are at five-year high

“We are in a rally, but at the end of the day it depends on whether it has legs and this depends on earnings.”
December 24th, 2013 - 06:28 GMT

Dubai is severely affecting Middle Eastern stock markets

Faisal Aqil, Deputy Chief Executive Officer, Consumer Wealth Management, Emirates Islamic
December 24th, 2013 - 06:46 GMT

Emirates Islamic launches remittance offer for end of year holiday season

Saudi Arabia's planned spending in 2014 represents a 4.3 percent increase from 2013 (File Archive/Shutterstock)
December 23rd, 2013 - 01:24 GMT

Saudi sets record budget for 2014

Al Bawaba
December 23rd, 2013 - 11:30 GMT

Emirates NBD’s awesome travelling machine wins two Golds and one Silver at 2013 Midas Awards in New York

During the event
December 23rd, 2013 - 08:06 GMT

Doha Bank welcomes over 1000 registrants to Al Dana Green Run 2013

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