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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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Al Bawaba
October 9th, 2013 - 06:01 GMT

Financial results for the nine months ended 30 September 2013

These areas of strategy focus are supported by 46 initiatives which will be in place by the first quarter of 2014 or maximum by the fourth quarter of 2014.
October 8th, 2013 - 01:12 GMT

The seven pillars of Dubai's Islamic banking

Al Bawaba
October 8th, 2013 - 04:53 GMT

Abu Dhabi Islamic Bank Egypt launches “Saving Festival”

 Kuwait ranked third in the Gulf with $8.5 billion sent abroad in 2012, while the expats in Saudi Arabia transferred $27.6 billion, and expats in United Arab Emirates remitted $20.3 billion.
October 7th, 2013 - 02:29 GMT

Working to send, not to spend: GCC expats driving remittance flows

Al Hilal Bank
October 7th, 2013 - 10:17 GMT

Al Hilal Bank’s debuting ‘Sukuk’ oversubscribed at USD 6.3 billion

Dubai Islamic Bank
October 7th, 2013 - 08:05 GMT

Dubai Islamic Bank launches free remittance services to Pakistan

Al Bawaba
October 7th, 2013 - 06:56 GMT

HSBC, NCB Capital, sucessfully deliver general authority of civil aviation’s sukuk

t remains to be seen how sustainable such flows are, as the regulatory environment in centres such as Dubai continues to develop and EU and US tax authorities increase pressure on regional institutions.
October 6th, 2013 - 12:15 GMT

Private Banking in the Middle East: a Review

Kuwaiti officers are treating the case as one of money laundering.
October 6th, 2013 - 11:09 GMT

500,000 euros in 'smuggled aid' to Syrians seized

Fawaz H. Al-Fawaz, a Riyadh-based economic consultant, said: “There is no risk to Saudi financial system, as the Saudi riyal is pegged to the dollar.
October 6th, 2013 - 09:57 GMT

SAMA not concerned about the US government shutdown

Al Ansari Exchange
October 6th, 2013 - 09:11 GMT

Al Ansari Exchange launches rewards for money transfers to Arab countries

EIB officials with the winners of the card design competition
October 3rd, 2013 - 11:01 GMT

Emirates Islamic Bank announces winners of card design competition for talented young artists

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