381 million dirhams in net profits for Sharjah Islamic Bank in the first quarter, a growth of 19.4%
Sharjah, April 13, 2026 – Sharjah Islamic Bank achieved exceptional financial performance at the financial and operational levels across all its activities during the first quarter of 2026, as net profit after tax reached 380.7 million dirhams, an increase of 19.4% compared to 318.9 million dirhams for the same period in 2025.
Income from investments in Islamic finance and sukuks recorded a growth of 131.8 million dirhams, an increase of 14.4%, to reach about 1.05 billion dirhams by the end of the first quarter of 2026, compared to 914.3 million dirhams for the same period in 2025. In contrast, the total dividend distributions to depositors and sukuk holders amounted to about 581.7 million dirhams, compared to 546.9 million dirhams.
This stable performance in net income reflects the bank’s ability to achieve a sustainable balance. In light of the economic changes and operational challenges witnessed in the regional markets, the bank has proven its ability to quickly adapt to various circumstances by implementing flexible operational plans, enhancing risk management and business continuity, in addition to continuous investment in technological infrastructure and human resources.
This proactive approach contributed to maintaining the efficiency of operational processes and the quality of services provided to customers, ensuring the sustainability of financial performance and achieving stable results despite operational pressures and fluctuations in the business environment, as Sharjah Islamic Bank continues its efforts to diversify its sources of income, and this is translated through growth in net revenues from fees, commissions and other revenues, which rose by 9.3% to reach 179.7 million dirhams by the end of the first quarter of 2026 compared to 164.4 million dirhams for the same period of the year. 2025.
This growth also contributed to an increase in the bank’s total operating income to about 644.1 million dirhams, an increase of 112.4 million dirhams, or 21.1%, compared to 531.7 million dirhams during the same period of the previous year. These results confirm the solid foundations on which Sharjah Islamic Bank is based and its wise approach to risk management to ensure stable profit performance and achieve long-term sustainable value in an operational environment full of challenges.
Total general and administrative expenses during the first quarter of 2026 amounted to about 233.8 million dirhams, recording an increase of 17.9% compared to 198.3 million dirhams for the same period in 2025.
This increase is mainly due to the bank’s continued investments in developing human resources and enhancing the technological and operational infrastructure to support business expansion and improve the quality of services provided to customers.
Despite the increase in expenses, net operating income before impairment provisions rose to 410.3 million dirhams, compared to 333.4 million dirhams for the same period in 2025, a growth of 23.1%.
At the balance sheet level, total assets stabilized to reach 90.9 billion dirhams by the end of the first quarter of 2026, a slight increase of 553.9 million dirhams, equivalent to 1%, compared to 90.3 billion dirhams at the end of the previous year.
This growth is due to the increase in total investments in Islamic finance, which amounted to 46.8 billion dirhams compared to 45.6 billion dirhams at the end of 2025, recording a growth of 2.6%.
Total customer deposits amounted to 61.4 billion dirhams, compared to a total of 55.7 billion dirhams at the end of the previous year, with a growth rate of 10.3%. As a result, the ratio of financing to customer deposits reached 76%, compared to 82% at the end of the previous year.
The bank also continued to maintain a strong liquidity ratio of 21.8% of total assets, amounting to 19.8 billion dirhams, compared to 22.3% at the end of the previous year.
Sharjah Islamic Bank has maintained sustainable growth, which was reflected in the high rate of return on assets and rate of return on equity, which reached 1.68% and 16.27%, respectively, compared to 1.55% and 14.78% for the previous year.
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