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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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Bank staff and clients at inaugural NBF golf tournament
December 1st, 2013 - 04:37 GMT

National Bank of Fujairah organises inaugural client golf tournament

Al Bawaba
December 1st, 2013 - 04:22 GMT

Emirates NBD announces support for tenth Dubai International Film Festival

Faisal Aqil, Deputy CEO, Consumer Wealth Managmen
November 28th, 2013 - 12:35 GMT

Emirates Islamic marks National Day with launch of prepaid card branded with stylized UAE Flag

Department of Finance – Abu Dhabi celebrates 42nd UAE National Day.
November 28th, 2013 - 12:15 GMT

Department of Finance – Abu Dhabi celebrates 42nd UAE National Day

Al Bawaba
November 28th, 2013 - 11:04 GMT

NBAD Celebrates UAE 42National Day

Al Bawaba
November 28th, 2013 - 10:44 GMT

Ministry of Finance celebrates 42nd UAE National Day

Banking executives at the first Global Islamic Economy Summit in Dubai said that Islamic banks need to reorient how they conduct business to "enter into the next cycle of growth" (Shutterstock)
November 27th, 2013 - 09:59 GMT

Do Islamic banks need to "reorient themselves" in order to grow in the future?

Ooredoo will use the proceeds from the sukuk's sale for the firm's refinancing (Courtesy of Arabian Business)
November 27th, 2013 - 09:46 GMT

Qatar's Ooredoo launches first sukuk

Less than a year after Ithmar Capital took Al Noor Hospitals Group through the initial public offering (IPO) on the London Stock Exchange, the stock price has gone up around 45 per cent.
November 26th, 2013 - 11:28 GMT

Time for the Gulf to take a 'healthier' approach to investments

Al Ansari Exchange
November 26th, 2013 - 10:37 GMT

Al Ansari Exchange signs AED 10 million agreement with Dubai Cares

Since the global financial meltdown, European governments and investors have been more keen to develop Islamic finance within the Eurozone as a way to attract wealthy investors from the Gulf and southeast Asia (Shutterstock)
November 26th, 2013 - 10:15 GMT

Private Gulf investors to launch first Islamic bank in Eurozone in 2014

Al Bawaba
November 26th, 2013 - 09:27 GMT

Mashreq organizes customer event in Abu Dhabi

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