Tagged: Sharjah Islamic Bank (SIB)

Islamic banks’ profits soar 29.3% in H1

Islamic banks’ profits soar 29.3% in H1

It seems that Islamic banking has increased UAE bourses of nearly 29.3 % in their net income in the first half of 2011 while their total assets and deposits also recorded growth.
The five listed Shariah-compliant banks that were included in the report …

SIB heads to London

SIB heads to London

Mohammed Abdullah, CEO of Sharjah Islamic Bank (SIB), stated that the bank will issue a global dollar-denominated Sukuk that will be listed on the London Stock Exchange.
The size of the issue is yet to be decided as they are waiting for market response…

Fitch upbeat on outlook for Sharjah Islamic Bank

Fitch upbeat on outlook for Sharjah Islamic Bank

Although the Sharjah Islamic Bank (SIB) has acted good through the economic crisis, the problem could be in the expore to real estate.
The bank has also benefited from fairly low impairment charges due to relatively few problems in its financing and le…