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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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Andre’ Sayegh, CEO of FGB
October 27th, 2013 - 04:31 GMT

First Gulf Bank acquires full ownership of Aseel Islamic Finance

"Considerable potential exists for expansion of the Islamic finance industry worldwide, although appropriate legal and regulatory structures are crucial for its development in individual countries."
October 24th, 2013 - 09:49 GMT

Islamic finance goes global: assets to top $2 trillion in 2014

First Gulf Bank receives Certification Service Provider license from UAE
October 24th, 2013 - 07:46 GMT

First Gulf Bank receives Certification Service Provider license from UAE TRA at Gitex Technology Week 2013

Al Bawaba
October 23rd, 2013 - 09:44 GMT

Mashreq & Air Arabia launch the UAE’s best “spend anywhere, fly anytime” credit card

Around 17 per cent of UAE residents said that they use unprotected wi-fi connections to access their bank accounts and shopping services.
October 22nd, 2013 - 02:26 GMT

Cyber criminals gaining direct access to UAE accounts

The bank allocated additional net provisions of $61 million in the first nine months of 2013 with gross doubtful loans accounting for 2.2 percent of gross loans.
October 22nd, 2013 - 01:36 GMT

Expensive Expansion: Bank Audi's profits affected by Turkey launch

The Central Bank of Jordan (CBJ) has decided to reduce the interest rates on key monetary policy tools by 25 basis points (0.25 per cent) from Tuesday signaling lower rates at commercial banks.
October 22nd, 2013 - 11:06 GMT

In light of high confidence and large foreign deposits, Jordan's Central Bank lowers interest rates

Dome Exterior
October 22nd, 2013 - 10:24 GMT

FGB: an official national sponsor of the Under-17 FIFA World Cup UAE 2013

Emirates NBD's Head Office
October 22nd, 2013 - 08:14 GMT

Emirates NBD FX research ranked best in the region

Al Bawaba
October 22nd, 2013 - 04:34 GMT

Doha Bank achieves 2% profit growth with impressive ratios

Finance Minister Umayya Toukan on Sunday said that the government is set to issue the US-guaranteed eurobonds on international markets on October 28, the Jordan News Agency, Petra, reported.
October 21st, 2013 - 11:48 GMT

Jordan to issue US-backed eurobonds next week, more foreign aid to come

Last week, Global Telecom Holding announced that its Algerian subsidiary Orascom Telecom Algerie has been awarded one of three provisional 3G licenses offered in Algeria at a cost of $40 million.
October 21st, 2013 - 09:33 GMT

Optimism drives Egypt's stocks to two-year high

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