Sharjah Islamic Bank's net profits up 35 per cent year to date

Total assets up 12.4 per cent in nine months period

23/10/2014 05:33 AST

Sharjah Islamic Bank (SIB) announced Dh295 million net profits, up 33.5 per cent for the first nine months of 2014 compared to Dh221 million achieved in the same period last year.

Net customer facilities reached Dh13.9 billion rising by a 11.3 per cent since December 2013 and customer deposits reached Dh14.2 billion rising 18.9 per cent from year end 2013.

SIB's total assets grew 12.4 per cent to reach Dh24.4 billion at the close of the third quarter of this year from the year end 2013.

Liquid assets were at Dh5.7 billion or 23.4 per cent of the total assets as at September 30, 2014 compared to Dh5.1 billion or 23.6 per cent at the year end 2013. SIB shareholder's equity of 4.6 billion represents 18.6 per cent of the total balance sheet footing; maintaining a strong capital adequacy ratio of 25.3 per cent by the end of September 2014 reflecting the bank's strong capital base and strong financial position.


Gulf News

News

A.M. Best Affirms Ratings of Emirates Insurance Company

07/07/2016

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of "a-" of Emirates Insurance Company P.S.C. (EIC) (United Arab Emirates). The outlook for each rat

Business Wire

EI reports Dh256 million net profit

23/10/2014

Emirates Islamic (EI), the Islamic Bank belonging to Emirates NBD group reported a net profit of Dh256 million net profit for the first 9 moths of 2014.

The bank continued to deliver healthy

Gulf News

Emirates Insurance reviews board nominees

17/06/2014

The nomination committee of Emirates Insurance Co announced on Monday that it has reviewed the credentials of the nominees to fill the two vacant board positions. The election will take place during

Gulf News

Most Viewed Companies

Ticker Price Volume

Valuation

EIC.ADX Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
IHC 385.00 -1.00 (-0.26%)
FAB 17.80 -0.24 (-1.34%)
EMIRATESNBD 30.80 -0.02 (-0.07%)
ADCB 15.04 -0.12 (-0.80%)
ADIB 21.40 -0.12 (-0.56%)

Recent News

OQEP, Turkish Petroleum secure Block 80 concession

25/06/2026

Oman's Ministry of Energy and Minerals on Wednesday signed an Exploration and Production Sharing Agreement (EPSA) for offshore Block 80 with OQ Exploration and Production (OQEP) - Musandam Offshore a

Muscat Daily

NBK continues to enhance its premium banking services, offers exclusive benefits

25/06/2026

In line with its commitment to meeting the aspirations of its diverse customer base and providing a comprehensive banking experience that meets the highest standards of quality and innovation, Nation

Kuwait Times

'Converting to a Sustainable Path': GBK achieves significant reduction in carbon emissions in 2025

25/06/2026

Mnakh Research & Studies highlighted a number of notable achievements featured in Gulf Bank's 2025 ESG Report, titled "Converting to a Sustainable Path." The report covers the Bank's operations in Ku

Kuwait Times

Zain showcases expertise to support leadership growth in Kuwait oil sector

25/06/2026

Zain Kuwait held a specialized training program titled 'Executive Pitching & Innovation Tools for Strategic Problem-Solving' for a group of senior talent from Kuwait National Petroleum Company (KNPC)

Kuwait Times

e& unveils OneWork for secure sovereign collaboration in the UAE

25/06/2026

e& UAE, the flagship telecom arm of global technology group e&, has announced the launch of OneWork, a fully sovereign, cloud-based unified communication and collaboration platform built within the U

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap