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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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CIMA’s Regional Director, Bradley Emerson accepts the Best Islamic Finance Education Provider award at the 2013 Global Islamic Finance Awards
December 3rd, 2013 - 06:16 GMT

CIMA wins ‘Best Islamic Finance Education Provider 2013’ award at the Global Islamic Finance Awards 2013

During the event
December 3rd, 2013 - 04:23 GMT

Doha Bank named “Bank of the Year 2013 – Qatar” at The Banker Awards in London

The Dubai economy will grow at around five per cent this year. Still that is a far cry from the 13 per cent growth from 2003-8 that took the economy from boom to bust.
December 3rd, 2013 - 03:55 GMT

Time to burst that Expo 2020 bubble, can Dubai survive with $103 billion in debt?

The “Syria Files” released by WikiLeaks and obtained by Al-Akhbar indicate that the skepticism over Makhlouf's sudden metamorphosis into a do-gooder was not unwarranted.
December 3rd, 2013 - 03:55 GMT

Meet 'Mr. Five Percent': the man who bought Syria one bank at a time

 A lawsuit, with details still vague, by a Qatari company against the Social Security Investment Fund (SSIF) alleging it bought the fund’s stake in The Housing Bank for Trade and Finance was a hot topic of speculation in Jordan Sunday.
December 2nd, 2013 - 01:55 GMT

Two truths and a lie? Qatari company sues Jordan's Social Security Fund over "non-existent" sell-off of Housing Bank

Sixty percent of bank deposits in Lebanon come from Lebanese workers in the Gulf, but the steep decline in travel and tourism to the country has left the Lebanese economy in a dire situation (Ramzi Haidar/AFP)
December 2nd, 2013 - 12:06 GMT

Why Lebanon needs more Arab investment

Al Bawaba
December 2nd, 2013 - 10:06 GMT

Gulf Bank platinum sponsor at NUKS-USA’s Students’ conference

Bahrain, Kuwait, Qatar and Saudi Arabia are planning to peg the common GCC currency to the dollar (File Archive/Shutterstock)
December 2nd, 2013 - 09:02 GMT

The GCC "Euro": Four Gulf countries to use common currency by end of 2013

Sanbar is leaving to spend more time with his family, a second Saudi-based banking source said, adding deputy chief financial officer Mohammed Fahmy Soliman was seen as the most likely candidate to replace him.
December 2nd, 2013 - 03:55 GMT

Get that CV shining, Prince Waleed Bin Talal has a new major job vacancy

alizz islamic bank signs MoU with Omantel
December 1st, 2013 - 10:36 GMT

alizz islamic bank offers omantel Innovative banking products

KSA's foreign assets reached a record high of SR2.66 trillion ($708.8 billion) (Shutterstock)
December 1st, 2013 - 08:13 GMT

KSA's foreign assets reach record high in 2013

Global assets of Islamic Finance have doubled since the start of the economic downturn. (Image credit: Shutterstock)
December 1st, 2013 - 07:04 GMT

$1.4 billion Islamic finance industry to see double digit growth

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