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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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The way big deals are made is evolving globally. Sophistication is increasing in terms of buying, selling and delivery. However, there is one common stumbling block for foreigners doing business in the Gulf.
November 19th, 2013 - 03:55 GMT

Success vs. stress: How to seal the deal in the GCC

Emirates Islamic Bank
November 18th, 2013 - 11:29 GMT

Emirates Islamic Bank launches four year Wakala Investment option

CBO finds it timely to repeat its advice that members of the public should, in their own interests, be cautious and not to deal with strangers and unauthorised entities/persons.
November 18th, 2013 - 03:55 GMT

'Inventive' fraud on the rise in Oman

“Past and current crises underscore an additional lesson. Then as now, international or regional financial crises require a coordinated response to safeguard the stability of the world's financial system."
November 18th, 2013 - 03:55 GMT

What did Federal Reserve Chairman Ben Bernanke have to say to Arab banks?

Al Bawaba
November 17th, 2013 - 11:44 GMT

Emirates NBD launch smart BUSINESS iPhone App

30 international private banks from Europe or North America have offices in Dubai (Shutterstock)
November 17th, 2013 - 09:22 GMT

Private banking thriving in GCC, Dubai tops region

Al Bawaba
November 17th, 2013 - 09:15 GMT

Mashreq Al Mustaqbal program graduates new group of UAE nationals

Zurich’s recent findings are quite opposite to the trend about a year ago, where a spike in consumer interest in home contents insurance was noted after a massive fire broke out at a residential tower in Dubai
November 14th, 2013 - 12:38 GMT

Bad news: 94% of UAE residents don’t have home insurance

Mr. Majed Essa Al Ajeel, Chairman of Burgan Bank
November 14th, 2013 - 11:45 GMT

Burgan Bank Group announces first nine months earnings

Saudi Arabia recently held the 2013 PE Partner Equity Forum in Riyadh (Courtesy of IIR Middle East)
November 14th, 2013 - 08:50 GMT

GCC Kingdom leading private equity destination in the Middle East

Al Bawaba
November 14th, 2013 - 07:25 GMT

UAE Exchange partners AIG for travel insurance for gocash cardholders

UAE's banking sector has recovered from the 2009 credit crunch.
November 14th, 2013 - 06:29 GMT

The two factors that will continue to drive the profitability of UAE's banks

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