Sharjah Islamic Bank (SIB) reported a net profit after tax of Dh697.2 million for the first half of 2025, up 25% from Dh558.7 million in H1 2024.
Investment income from Islamic financing and sukuk rose 6.4% to Dh1.9 billion, while total profit distributions to depositors and sukuk holders reached Dh1.1 billion, up from Dh1.0 billion a year earlier.
Net fee and commission income surged 53.5% to Dh276 million, helping lift total operating income by 13% to Dh1.2 billion.
General and administrative expenses increased 16.9% to Dh405.4 million, driven by investments in staff, technology, and infrastructure. Despite these costs, net operating income before impairments increased by 11% to Dh757.2 million.
The bank reversed impairment provisions by Dh9.3 million, compared to a charge of Dh67.3 million in H1 2024, reducing risk costs and supporting profitability.
On the balance sheet, total assets increased 6.9% to Dh84.7 billion as of June 30, 2025. Customer financing increased 12.9% to Dh43.0 billion, while deposits edged up to Dh52.7 billion. The financing-to-deposit ratio climbed to 81.5%, up from 73.6%. Liquidity remained robust at 21.1% of assets.
Return on assets increased to 1.70% (from 1.44%), and return on equity to 14.88% (from 12.76%).
