Sharjah Islamic Bank announced this year nine months results yesterday with a net profit of AED 204.7 million, compared to 191.6 million achieved in the same period last year with an increase of 7 percent.

The balance sheet grew since December 2010 with total Assets reaching AED 18.9 billion compared with AED 16.7 billion which is 14%.

Net customer receivables reached AED 10.4 billion compared to AED 9.7 billion on Dec 2010 with an increase of 7% and customer deposits reached AED 11.1 billion, compared with AED 10.4 billion with an increase of 7% since Dec 2010.

Total shareholder equity amounting to AED 4.4 billion represents 23% of the total assets and total liquid assets reached AED 5.6 billion which represents 30% of the total assets reflecting the bank’s strong financial position