Sharjah Islamic Bank (SIB) recorded robust earnings expansion during the first nine months of 2025, posting a net profit of Dh1.1 billion. This is a 24 percent increase from Dh891.3 million last year. The result already surpasses the bank’s full-year 2024 profit, showing solid momentum and steady financial progress.
The bank’s leadership credited its surging profitability to higher financing income, a growing investment portfolio, and strong fee-based operations. Executives emphasized that SIB continues to balance growth with stability while following Sharia principles.
SIB’s income from Islamic financing and sukuk rose to Dh2.9 billion, up Dh158.3 million or 5.8 percent from last year. Despite slightly higher payouts to depositors and sukuk holders, totaling Dh1.7 billion, the results reflect steady financial growth and consistent investor returns.
Fee and commission income jumped 67.5 percent to Dh486.9 million, driven by higher retail and corporate activity. This pushed total operating income to Dh1.8 billion, up 14.3 percent year-on-year. Analysts see this as earnings momentumand a sign of successful revenue diversification in a competitive UAE market.
Operating expenses rose to Dh619 million from Dh532.8 million as the bank invested in technology, staff, and branches. Yet, net operating income before impairment provisions grew to Dh1.2 billion, a 13.4 percent increase, showing solid operational gains and efficient cost management.
A key factor in improved profitability levels was the sharp drop in impairment provisions, which fell to Dh11.9 million from Dh100.6 million. The decline reflects better asset quality, recoveries from old exposures, and strong risk controls.
SIB’s balance sheet also showed healthy financial expansion. Total assets reached Dh86.6 billion by September 2025, up 9.3 percent from year-end 2024. Financing and investment portfolios rose 14.7 percent to Dh43.7 billion, and customer deposits increased to Dh54.6 billion. Liquidity stayed strong, with Dh18.2 billion in liquid assets, or 21 percent of total assets.
Profitability ratios improved, reflecting enhanced profitability ratios. Return on assets increased to 1.78 percent from 1.44 percent. Return on equity climbed to 17.03 percent from 12.76 percent. These results show the bank is generating more value from each dirham invested.
SIB’s management emphasized consistent financial advancement through digital transformation and customer-focused innovation. Executives said technology upgrades are vital for competitiveness, efficiency, and stronger client relationships.
Analysts believe the bank’s results show resilient performance in UAE Islamic banking. Disciplined credit policies and diverse revenue sources continue to support profitability even in challenging markets.
Looking ahead, SIB plans a steady upward trajectory by strengthening its financing portfolio and expanding fee-based services. Market observers expect the bank may finish 2025 with record annual profits if trends continue.
Overall, Sharjah Islamic Bank’s 2025 story highlights balance, innovation, and exceptional earnings growth. With solid asset quality, strong liquidity, and confident leadership, the bank is well-positioned to seize future opportunities in the UAE financial landscape.
