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Sharjah Islamic Bank-Noqodi to enhance digital payments servicesSharjah Islamic Bank (SIB) has forged a strategic alliance with Noqodi, a top financial technology firm and payment gateway owned by Emaratech Group, to elevate digital payment services, a report said. The agreement to significantly imp More… |
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Sharjah Islamic Bank 2023 net jumps 31pc to record $229.11mSharjah Islamic Bank (SIB) registered robust growth, achieving a 31% surge in net profits to AED841.5 million ($229.11 million) in 2023, compared to AED650.9 million in 2022. Operating profits also witnessed a More… |
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Sharjah Islamic Bank unit announces sale of 318 commercial plotsAsas Real Estate Company, the real estate arm of Sharjah Islamic Bank (SIB), has announced the sales launch of the second phase of the Al Rahmaniyah Commercial Lands project. Spread over a 1.2 million sq ft are More… |
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Sharjah Islamic raises foreign ownership to 40%Sharjah Islamic Bank said that it is increasing the percentage of its foreign ownership to 40% after obtaining all regulatory approvals from the UAE Central Bank and the Securities and Commodities Authority. The announcement follo More… |
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Sharjah Islamic 2021 net profit up 27% to $140mSharjah Islamic Bank (SIB) recorded net profit of AED514.1 million ($140 million) for the year ended in December 31, 2021, an increase of 26.7% compared to AED405.8 million for the same period in 2020. The bank also reported AED85 More… |
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Sharjah Islamic H1 profit up 25.6% to $103mSharjah Islamic Bank (SIB) has posted an increase in its operating profit before provisions by 25.6 percent, amounting to AED417.3 million ($103.6 million) for the first six months (H1), compared to AED332.3 million for H1 the previous year. More… |
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Sharjah Islamic operating profits rise 27% in Q1The operating profits of Sharjah Islamic Bank (SIB) has increased before provisions amounting to AED212.2 million ($57.75 million) in Q1 2021, compared to AED167.2 million for the same period last year, with an increase of 26.9 percent. More… |
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Sharjah Islamic Bank to distribute 8pc cash dividends for 2020Sharjah Islamic Bank said it has agreed to distribute 8 per cent in cash dividends to shareholders, after the bank achieved net profits of AED405.8 million ($110 million) net profit for 2020. Its total as More… |
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Sharjah Islamic Bank prices $500m sukukSharjah Islamic Bank (SIB), one of the leading Islamic banks in the UAE, has priced a $500 million (AED1.83 billion) 5-year sukuk, with a profit rate of 2.85 per cent per annum, fetching it an A- rating by S&P. More… |
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Sharjah Islamic Bank's 2019 net profit up 7pcSharjah Islamic Bank (SIB) has recorded a Dh545.5 million ($148.4 million) net profit for 2019, up 7 per cent compared to Dh510.4 million ($139 million) the previous year. Announcing the results, SIB said its b More… |
