Sharjah Islamic Bank first-half 
net profit 
rises 50%

Sharjah Islamic Bank, or SIB, on Monday declared a 50 per cent rise in its net profit that reached Dh202.1 million for the first half of the year, compared to Dh135.7 million reported for the same period last year.

By Staff Report

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Published: Tue 22 Jul 2014, 11:03 PM

Last updated: Tue 7 Apr 2015, 10:24 PM

Net customer facilities reached Dh14.5 billion rising by Dh2 billion, a 15.7 per cent increase since December 2013 and customer deposits reached Dh13.7 billion rising by Dh1.8 billion or 14.8 per cent growth since December 2013. Total assets reached Dh23.4 billion, growing by 7.7 per cent since Dec 2013.

The bank shareholder’s equity of 4.5 billion represents 19.2 per cent of the total balance sheet footing reflecting the bank’s strong capital base and strong financial position that enables the Bank to achieve its strategic objectives.

— abdulbasit@khaleejtimes.com


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