Sharjah Islamic meets investors on sukuk plans
The Sharjah Islamic Bank, listed on the Abu Dhabi Securities Exchange, is holding meetings with investors in preparation for a potential issuance of dollar-denominated sukuk, with joint organizers including major banks and financial firms. This move comes as part of the bank's efforts to improve its financial performance, as it recorded a net profit of 803.9 million dirhams in the first half of 2026, representing a 15.3% increase compared to the previous year. Additionally, income from Islamic finance and sukuk rose by 12.1% to reach 2.1 billion dirhams, with deposit distributions to depositors increasing to 1.2 billion dirhams.
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