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Sharjah Islamic Bank (SIB) reputation & triumph is structured by providing customers with supreme levels of customer solutions. Through adopting visionary strategy & upholding clear policies, we have successfully diversified offering customers a broad range of Sharia'a compliant retail, corporate & investment services through the extensive UAE networks.
SIB started servicing the society in 1975; providing banking services to individuals and companies. An Amiri decree; released by His Highness Dr. Sheikh Sultan Bin Mohamed Al Qassimi the member of the Supreme Council & Ruler of Sharjah, was issued to launch & green-light the bank’s expedition. The bank was originally founded as National Bank of Sharjah and was suited the first bank to convert to Islamic Banking in 2002.
The revolutionizing from commercial banking to Islamic banking was a significant twist for the bank. Not only were specialized products & services modulated for customers, the banks entire organization was converted to be conventional to Islamic regulations.
Share Data
13/05/2024
| Currency | AED |
| Change | 1.33 |
| Last Closing Price | 2.29 |
| Volume | 312,373 |
| Number of Shares (mln) | 3,236 |
| Market Cap (mln) | 7,410 |
| Key figures (Thousands of U.A.E. Dirham) | 2021 | 2022 | 2023 |
| Consolidated Income Statement | |||
| Total income | 1,427,450 | 1,609,119 | 1,975,022 |
| Net operating income | 850,668 | 998,295 | 1,290,568 |
| Profit before distribution to depositors | 606,122 | 684,530 | 1,069,960 |
| Profit for the year | 514,072 | 650,914 | 851,540 |
| Earnings per share (U.A.E. Dirham) | 0.17 | 0.17 | 0.23 |
| Consolidated Balance Sheet | |||
| Total assets | 54,956,795 | 59,122,889 | 65,878,981 |
| Total shareholders' equity | 7,694,777 | 7,632,408 | 8,126,668 |
| Total liabilities | 47,262,018 | 51,490,481 | 57,752,313 |
| Consolidated Cash Flow | |||
| Net cash from / (used in) operating activities | 4,965,053 | (128,829) | 5,660,819 |
| Net cash used in investing activities | 1,182,677 | (2,553,868) | (4,888,944) |
| Net cash from financing activities | (2,174,603) | (402,799) | (2,317,177) |
| Cash and cash equivalents, end of year | 10,399,620 | 7,314,124 | 5,768,822 |
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