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Islamic Finance Briefing - Categorized | Banking, Performance more

SIB profit rises 2.4pct in 2010

Posted on 24 January 2011

From Zawya.com: Sharjah Islamic Bank announced its 2010 results yesterday with a net profit of Dh266.4 million, compared to Dh260.1 million in 2009, an increase of 2.4 per cent.
It proposed a cash dividend of seven per cent of the paid-up capital, totalling Dh169.8 million. The total balance sheet footing reached Dh16.7 billion, up by Dh692 million or 4.3 per cent, mainly due to increases in customer deposits by Dh518 million, or 5.3 per cent, to Dh10.4 billion……………………………………….Full Article: Source

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