For the first half of 2026, Sharjah Islamic Bank (SIB) recorded a net profit after tax of Dhs803.9 million, up 15.3% from Dhs697.2 million for the same time in 2025. The Bank’s expansion plans were implemented and its capacity to maintain long-term growth and produce sustainable results was reinforced by the results, which were driven by balanced growth across its business activities, successful revenue diversification, increased operating efficiency, and a strengthened capital base.
By the end of the first half of 2026, income from investments in Islamic financing and sukuk had risen by 12.1% to over Dhs2.1 billion, up Dhs227.6 million from Dhs1.9 billion during the same period the previous year. In the meantime, total distributions to depositors and sukuk holders increased to about Dhs1.2 billion from Dhs1.1 billion in the first half of 2025, indicating the Bank’s ongoing business expansion while preserving a sustainable balance between returns for customers and shareholders.
With net fee and commission income and other operational income rising by 8.1% to Dhs445.7 million from Dhs412.4 million during the same period previous year, the Bank also maintained its diversification of revenue sources. Consequently, total operating revenue rose to Dhs1.4 billion, up Dhs238.5 million, or 20.5 percent, from the first half of 2025. This illustrates how well the Bank’s approach has worked to achieve balanced growth across banking, investment, and financing services while raising the share of non-financing income in total income.
The company’s total general and administrative expenses for the first half of 2026 were Dhs475.2 million, up 17.2% from Dhs405.4 million for the same period the previous year, as part of its continuous commitment to investing in human capital, improving its technology infrastructure, strengthening operational systems, supporting business expansion, and further improving customer experience.
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