Sharjah Islamic Bank (SIB) has reported a net profit of AED 1.21 billion for the nine months ended September 30, 2026, representing a 9% increase compared to AED 1.11 billion during the corresponding period of 2025.
The Abu Dhabi Securities Exchange-listed bank recorded total operating income of AED 2.10 billion, up 13.6% from AED 1.85 billion in the first nine months of the previous year.
Net operating income before impairment increased by 11.6% to AED 1.37 billion, compared to AED 1.23 billion in the same period last year.
Profit before tax rose 9.3% to AED 1.33 billion, while earnings per share increased to AED 0.31 from AED 0.27, based on the bank’s restated comparative figures.
Sharjah Islamic Bank’s total assets reached AED 99.7 billion as of September 30, 2026, reflecting growth of 10.4% compared to AED 90.3 billion at the end of December 2025.
Investments in Islamic financing increased by 18.9% to AED 54.1 billion, up from AED 45.6 billion at the end of 2025, reflecting continued expansion in the bank’s financing portfolio.
Customer deposits grew by 8.4% to AED 60.4 billion, compared to AED 55.7 billion at the end of the previous year.
The bank’s non-performing financing ratio improved to 3.2% from 3.8% at the end of December 2025, while its financing-to-deposit ratio increased to 89.7% from 81.8%.
Shareholders’ equity rose by approximately AED 2.9 billion to AED 12.4 billion, primarily supported by the successful rights issue of approximately 1.08 billion shares at AED 2.40 per share.
The capital increase contributed to a stronger capital position, with the bank’s capital adequacy ratio reaching 19.4%, compared to 16.2% at the end of 2025.
During the reporting period, Sharjah Islamic Bank also completed a USD 500 million sukuk issuance, supporting its funding diversification strategy and strengthening its presence in international capital markets.
The bank’s annualised return on average assets improved to 1.69%, compared to 1.55% for FY2025, while annualised return on average equity stood at 14.66%.
For the third quarter of 2026 alone, Sharjah Islamic Bank recorded net profit of AED 401.3 million, compared to AED 408.0 million in the corresponding quarter of 2025.
The nine-month results highlight continued growth in the bank’s financing activities, customer deposits and asset base, alongside higher year-on-year profitability.
Source: Sharjah Islamic Bank
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
