With nett profits rising by 25% to Dh697.2 million in the first half of 2025, Sharjah Islamic Bank (SIB) has achieved a great financial performance. An increase in financing operations, a significant decrease in impairment charges, and a strong increase in non-interest (fee-based) revenue were all credited with this remarkable growth.
The bank’s sustained strategic focus on growing its financing portfolio while preserving asset quality is reflected in its strong H1 performance. When compared to the same time last year, total funding increased dramatically, indicating rising demand in the corporate, retail, and SME sectors.
SIB gained from increased loan book growth as well as more effective credit risk management. The bank’s bottom line improved as impairment provisions were decreased. Meanwhile, a surge in fee and commission income further reinforced profitability, showcasing the bank’s success in diversifying its revenue streams.
Analysts view the results as a positive sign of the bank’s operational resilience and steady growth trajectory. With the UAE banking sector rebounding and digital transformation underway, Sharjah Islamic Bank appears well-positioned to sustain its momentum through the second half of the year.
