Sharjah24: The Sharjah Islamic Bank (SIB) maintained its strong financial position amid global economic challenges. This confirms the SIB’s flexibility in the face of rising profit rates and global inflation rates, in addition to increasing banking competition, which confirms the success and effectiveness of the policies pursued by the SIB, which have led to achieving strong financial performance and continuous growth year after year.
Sharjah Islamic Bank sustains robust growth, achieving a 31% surge in net profits to AED 841.5 million in 2023, compared to AED 650.9 million in 2022. Operating profits also see a 23% rise, reaching AED 2.0 billion for 2023, up from AED 1.6 billion in…
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SIB achieves AED 841.5 mil net profit, an increase of 31% at 2023
