Company News
Sharjah Islamic Bank Reports 25.8 Percent Increase In Net Profit For H1 2024 (18 July 2024)
The overall revenue increase is due to SIB’s strong core performance, focus on the SIB’s customer-centric approach, and the introduction of multiple new high-profit-oriented customized products.
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Sharjah Islamic Bank Successfully Issues $500 Million Sukuk (28 June 2024)
Sharjah Islamic Bank (SIB), a leading Islamic bank of the United Arab Emirates, successfully closed a USD 500 million sukuk in the international capital markets on Wednesday.
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Sharjah Islamic Bank Provides First Islamic Financial Facility For Turkiye Wealth Fund (23 March 2024)
Sharjah Islamic Bank (SIB) and the Turkiye Wealth Fund (TWF) announced the signing of an agreement to provide a Shariah-compliant Murabaha facility worth $100 million USD, for a period of 3 years.
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Sharjah Islamic Bank Completes Integrated Connectivity Through Buna Platform (25 October 2023)
The Sharjah Islamic Bank (SIB) announced the completion of the integration process for its financial and banking operations in the field of payments with the Arab Regional Payments Clearing and Settlement Organization (Buna), a centralised cross-border payment system owned by the Arab Monetary Fund.
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Sharjah Islamic Bank Attracts Young Talents At The National Career Exhibition 2023 (18 October 2023)
Sharjah Islamic Bank (SIB) is participating in the 25th edition of the National Career Exhibition 2023, organized by the Sharjah Chamber of Commerce and Industry from October 17th to 19th.
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Sharjah Islamic Bank Opens 35th Branch In Rahmania Mall (1 July 2021)
Sharjah Islamic Bank (SIB) opened its 35th branch Wednesday, in Rahmania Mall, one of the newest shopping destinations in Sharjah, in an effort to reach its growing customer base and meet their needs.
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Sharjah Islamic Bank Transfers And Develops Its Branch In Al Tawar Area In Dubai (17 November 2020)
With precautionary measures in place, His Excellency Ahmed Saad, DCEO of Sharjah Islamic Bank (SIB), inaugurated today morning its branch in Tawar area in Dubai, in the presence of Nabil Abou Alwan, Head of Retail Banking at SIB.
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Sharjah Islamic Bank Achieved A Net Profit Of AED 353.4 Million For The Nine Months Ended 30 September 2020 (20 October 2020)
The balance sheet reflects the Bank’s total assets of AED 53.3 billion at the end of September 2020, growing by 15% compared to AED 46.4 billion at the end of 2019.
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Sharjah Islamic Bank Successfully Priced $500 Million Sukuk (18 June 2020)
Sharjah Islamic Bank (SIB), one of the leading Islamic banks in the UAE, priced a $500 million (1.83 billion dirhams) long 5-year sukuk, with a profit rate of 2.85 per cent per annum, fetching it an A- rating by S&P.
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Sharjah Islamic Bank Distributes Ramadan Aid To 4,000 Families Affected By COVID-19 (2 May 2020)
The initiative was launched on the first day of the holy month and involved the distribution of the Ramadan Mir boxes to affected families. Each box is filled with basic necessities including rice, sugar, salt, oil, flour, milk, wheat, lentils and other items.
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