Sharjah Islamic Bank announced its 1st Half  2014 results with Net Profits reaching AED 202.1 million, compared to 134.7 million achieved in the same period last year, a 50% growth rate.

Net customer facilities reached AED 14.5 billion rising by AED 2.0 billion, a 15.7% increase since December 2013 and  customer deposits reached AED 13.7 billion rising by AED 1.8 billion or 14.8% growth since Dec 2013. Total Assets reached AED 23.4 billion, growing by 7.7% since Dec 2013.

SIB shareholder’s equity of 4.5 billion represents 19.2 per cent of the total balance sheet footing reflecting the bank’s strong capital base and strong financial position that enables the Bank to achieve its strategic objectives.