{
Sharjah Islamic Bank

Companies

}
001122334455554433221100
001122334455554433221100

sharjah islamic bank reports record profits and approves 15 percent dividend

Sharjah Islamic Bank (SIB) has approved a 15% cash dividend for fiscal year 2024, totaling Dh458.7 million, as it reported net profits exceeding Dh1 billion for the first time, marking a 24.5% increase from the previous year. Total operating income rose 10.4% to Dh2.2 billion, with significant growth in customer financing and deposits. The bank also reduced impairment provisions by 42.3% and authorized the issuance of Shariah-compliant capital instruments to enhance capital adequacy.
Finance Middle East
United Arab Emirates Dirham United States Dollar Sharjah Islamic Bank ARE
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06:13 24.02.2025
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