| Sharjah Islamic Bank announced its 2010 results yesterday with net profit of Dhs266.4m, compared to Dhs260.1m in 2009, an increase of 2.4%, and proposing a cash dividend of 7% of the paid up capital, amounting to Dhs169.8m.
The total balance sheet footing reached Dhs16.7bn, up by Dhs692m or 4.3%, which is mainly due to the increases of customer's deposits by Dhs518m, or 5.3%, to reach Dhs10.4bn, while customer's financing portfolio decreased by Dhs368m, or 3.7% to reach Dhs9.7bn..............................................Full Press Release: Source
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