Sharjah Islamic Bank profits 1.2B dirhams in 9 months
Al Shariah Islamic Bank achieved strong financial performance during the first nine months of 2026, with a net profit of 1.2 billion dirhams, representing a 9% increase compared to the same period last year. Its assets expanded to 100 billion dirhams (+10.4%), financing reached 54.1 billion dirhams (+18.9%), and deposits grew to 60.4 billion dirhams (+8.4%). Growth in financing and investment activities, especially in Islamic financing and sukuk, contributed to a 13.6% rise in the bank’s operating income, reaching 2.1 billion dirhams. Asset quality also improved, with non-performing financing decreasing to 3.2%. The capital base increased significantly following a capital raise to 12.4 billion dirhams, with the capital adequacy ratio rising to 19.37%. The performance indicates the bank’s ability to sustain steady growth while maintaining asset quality and strengthening its financial position amid a challenging global economic environment.
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