1.1 Billion AED Profit in 9 Months, up 24%
Sharjah Islamic Bank has demonstrated remarkable financial and operational performance across its activities during the first nine months of 2025. The bank reported a net profit of 1.1 billion AED after tax, reflecting a 24% increase from 891.3 million AED during the same period in 2024. Notably, the profit achieved in just nine months already surpassed the total net profit recorded for the entire year of 2024, which was 1.05 billion AED after tax.
Income from Islamic financing and sukuk investments grew by 158.3 million AED, marking a 5.8% rise, reaching approximately 2.9 billion AED in the first nine months of 2025 compared to 2.7 billion AED during the same timeframe in 2024. In contrast, total distributions to depositors and sukuk holders amounted to around 1.7 billion AED, up from 1.6 billion AED.
Sharjah Islamic Bank continues its efforts to diversify its revenue sources, as illustrated by the significant growth in net fees and commission income, which surged by 67.5% to 486.9 million AED in the first nine months of 2025, up from 290.7 million AED a year earlier. This increase contributed to a rise in total operating income for the bank to approximately 1.8 billion AED, an increase of 231.5 million AED or 14.3%, compared to 1.6 billion AED during the same period last year.
Total general and administrative expenses for the first nine months of 2025 reached about 619.0 million AED, up by 16.2% from 532.8 million AED during the same period in 2024. Despite the rise in expenses, net operating income before accounting for impairment allowances increased to 1.2 billion AED, compared to 1.1 billion AED in the first nine months of 2024, reflecting a growth of 13.4%.
As for the balance sheet, total assets rose by 7.4 billion AED, which equates to a 9.3% increase, reaching 86.6 billion AED as of September 30, 2025, compared to 79.2 billion AED at the end of the previous year. This growth is attributed to the increase in total customer financing, which reached 43.7 billion AED, compared to 38.1 billion AED at the end of 2024, marking a growth rate of 14.7%.
Total customer deposits amounted to 54.6 billion AED, an increase from the 51.8 billion AED reported at the end of the previous year. Consequently, the financing-to-deposit ratio stood at 80%, up from 73.6% at the end of the prior year. The bank also maintained a strong liquidity ratio of 21% of total assets, amounting to 18.2 billion AED, compared to 21.6% at the end of the previous year.
The bank has sustained its growth trajectory, as evidenced by increases in both return on assets and return on equity, which reached 1.78% and 17.03%, respectively, compared to 1.44% and 12.76% the previous year.