Sharjah, UAE – Sharjah Islamic Bank recorded net profits after tax of AED 803.9 million during the first half of this year. Achieving a growth of 15.3% compared to 697.2 million dirhams during the same period in 2025.
These financial results were based on balanced growth in its various business activities and its success in enhancing revenue sources and improving operating efficiency. In addition to consolidating its capital base to support the implementation of its expansion plans and enhance its ability to continue sustainable growth and achieve stable results.
Depositors’ dividends rise
Income from investments in Islamic finance and sukuk grew by 12.1% to reach approximately AED 2.1 billion by the end of the first half of 2026. Compared to 1.9 billion dirhams during the same period last year, an increase of 227.6 million dirhams.
In contrast, total dividends for depositors and sukuk holders increased. To reach about 1.2 billion dirhams, compared to 1.1 billion dirhams during the first half of 2025. Reflecting the continued growth of the bank’s business and maintaining a sustainable balance between the returns achieved for shareholders and customers.
The bank continued to enhance the diversity of its sources of income. Net revenues from fees, commissions and other revenues increased by 8.1% to reach 445.7 million dirhams, compared to 412.4 million dirhams during the same period last year.
As a result, total operating income increased to approximately AED 1.4 billion, an increase of AED 238.5 million and a growth rate of 20.5% compared to the first half of 2025. This reflects the success of the bank’s strategy to achieve balanced growth among financing, investment, and banking activities, and to enhance the contribution of non-financing revenues to total income.
Growth in customer deposits
Customer deposits recorded good growth, reaching AED 59.4 billion compared to AED 55.7 billion at the end of 2025, an increase of 6.6%. This confirms the strength of the customer base and the bank’s continued ability to attract deposits and develop stable sources of financing. The ratio of financing to customer deposits reached 84%, compared to 82% at the end of the previous year. Reflecting the optimal use of liquidity while maintaining comfortable levels of solvency and liquidity.
The bank maintained strong liquidity levels, with liquid assets amounting to AED 19.8 billion. Equivalent to 20.9% of total assets, compared to 22.3% at the end of the previous year. This reflects the continued adoption of a balanced liquidity management policy to ensure growth requirements are met and the strength of the financial position is maintained.
Increase in shareholder equity
Shareholder equity increased by AED 2.6 billion, supported by the completion of the bank’s capital increase. By issuing 1.1 billion shares at a nominal value of one dirham per share. In addition to an issuance premium of AED 1.4 per share.
This step comes within the framework of the bank’s strategy aimed at strengthening its capital base. And increase its ability to finance its expansion plans and benefit from promising investment opportunities. To support the implementation of its strategic objectives and enhance its financial flexibility and ability to achieve sustainable growth in the coming years.
These results confirm the bank’s ability to achieve sustainable returns for shareholders through optimal use of resources and enhanced capital efficiency. The rate of return on equity increased by 14.81% compared to 14.78% during the previous year. The rate of return on assets reached 1.74% compared to 1.55%.
