His Excellency Abdulrahman bin Mohammed Al Owais, Chairman of the Board of Directors of Sharjah Islamic Bank, led the bank’s annual general assembly meeting, held both in-person at the Sharjah Chamber of Commerce and Industry and electronically. During this meeting, the assembly approved the distribution of cash dividends at a rate of 20% for the fiscal year ending December 31, 2025, equating to 647.1 million dirhams, or 0.20 dirhams per share, an increase from the 15% dividend from the previous year, underscoring the bank’s dedication to providing sustainable and rewarding returns to its shareholders.
The assembly also sanctioned a capital increase through a rights issue valued at up to 1.078 billion dirhams, raising the bank’s capital from 3.235 billion dirhams to 4.314 billion dirhams, achieved by issuing up to 1.078 billion new shares priced at 2.40 dirhams each. The board was authorized to take all necessary actions to implement this capital increase.
Outstanding Performance
His Excellency Abdulrahman bin Mohammed Al Owais noted that the assembly meeting coincides with the bank’s 50th anniversary, emphasizing that this golden jubilee marks a renewed commitment towards a more ambitious phase focused on digital innovation, operational efficiency, diversifying income sources, and solidifying governance and sustainability.
The bank recorded a net profit of 1.32 billion dirhams for 2025, representing a 26% rise compared to 1.05 billion dirhams in 2024. Income from financing and Islamic sukuk grew to approximately 3.9 billion dirhams, while distributions to depositors and sukuk holders reached 2.3 billion dirhams. Additionally, net revenues from fees and commissions surged by 50% to 598.8 million dirhams.
Net operating income before provisions increased to 1.6 billion dirhams, with total administrative and general expenses amounting to 897.5 million dirhams. The ratio of non-performing loans decreased to 3.8%, and provision coverage rose to 109%, reflecting improved portfolio quality and effective risk management.
The bank’s total assets grew by 14% to 90.3 billion dirhams, while total customer financing reached 45.6 billion dirhams, a growth of 19.6%. Customer deposits rose to 55.7 billion dirhams. The return on assets increased to 1.55%, while return on equity climbed to 14.78%.
Future Direction
His Excellency affirmed that the capital increase aims to support the new growth phase entering the bank’s sixth decade, enhancing its capacity to expand and develop assets while meeting regulatory requirements and achieving long-term sustainable value for shareholders.
At the conclusion of the meeting, he expressed gratitude and appreciation to His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, along with His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of the Executive Council. He also thanked the shareholders, executive management, and all employees of the bank for their efforts in achieving these exceptional results.