1.1 billion dirhams, the profits of the Islamic Bank of Sharjah

Sharjah, October 7 / WAM / Sharjah Islamic Bank recorded net profits during the first nine months of 2025, after calculating the tax 1.1 billion dirhams compared to 891.3 million dirhams for the same period in 2024.

And income from investments in Islamic financing and sukuk recorded a growth of 158.3 million dirhams, an increase of 5.8% to reach about 2.9 billion dirhams during the nine months of 2025 compared to 2.7 billion dirhams during the nine months of 2024, and in return, the total profit distributions for depositors and the sukuk campaign reached about 1.7 billion dirhams compared to 1.6 billion dirhams.

A statement by the bank said that he continues its efforts to diversify the sources of his income and translates this through the remarkable growth in the net revenues of fees and commissions, which increased by a large rate of 67.5% to reach 486.9 million dirhams during the nine months of 2025 compared to 290.7 million dirhams during the nine months of 2024.

This growth contributed to the high total operational income of the bank to about 1.8 billion dirhams, an increase of 231.5 million dirhams, or 14.3% compared to 1.6 billion dirhams during the same period last year.

The total general and administrative expenses during the nine months in 2025 amounted to about 619.0 million dirhams, recording an increase of 16.2% compared to 532.8 million dirhams during the same period in 2024. This rise is mainly due to the continued investment of the bank in developing human cadres and enhancing technological and operational infrastructure in order to support the expansion of business and improves the quality of services provided to customers.

And the net operating income increased before calculating the value of the decrease in value to 1.2 billion dirhams compared to 1.1 million dirhams during the nine months of 2024 a growth of 13.4%. This performance reflects the bank’s ability to face cost pressures while maintaining a stable profitable level, which enhances its operational efficiency and financial approach in cost management.

The net value allocations in the value amounted to 11.9 million dirhams during the nine months of 2025 compared to 100.6 million dirhams in the same period in 2024, which reflects a remarkable improvement in the quality of the financing portfolio thanks to the bank’s effective policy in managing credit risks and successful efforts in collections. This positive development directly contributed to achieving 24.0% growth in profits after the tax to reach To 1.1 billion dirhams compared to 891.3 million dirhams during the same period in the previous year.

On the level of the public budget, the total assets increased by an amount of 7.4 billion dirhams, equivalent to 9.3% to reach 86.6 billion dirhams, as on September 30, 2025 compared to 79.2 billion dirhams by the end of the previous year. This growth is due to the increase in the total customer financing that reached 43.7 billion dirhams, compared to 38.1 billion dirhams at the end of 2024, registered in a rate of growth 14.7 %.

The total customer deposits amounted to 54.6 billion dirhams, compared to a total of 51.8 billion dirhams by the end of the previous year. As a result, the percentage of financing to customer deposits amounted to 80.0% compared to 73.6% from the end of the previous year, and the bank continued to retain a strong liquidity rate of 21.0% of the total assets, reaching 18.2 billion dirhams compared to 21.6% at the end of the previous year.

The bank maintained sustainable growth, which was reflected in the high rate of return on assets and the rate of return on property rights, reaching 1.78% 17.03%, respectively, compared to 1.44% and 12.76% for the previous year.

Battel

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