Sharjah Islamic Bank PJSC (SIB)

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News

18 November 2014 04:26 PM ADX mirrors global markets, adds 0.66%

The Abu Dhabi Securities Exchange (ADX) succeeded in gaining 0.66% on Tuesday as relative calm and marginal gains were seen in US markets added to Japanese stocks achieving their highest gains in two weeks.The ADX gained …

Banking and Finance

5 November 2014 05:00 PM Profit-taking, selling bring ADX down 2.4%

The Abu Dhabi Securities Exchange (ADX) ended Wednesday in the red, sliding for the second successive session, falling below the level of 4900 points amid intensive selling and profit-taking.The market’s benchmark index …

Stock Evaluations

22 October 2014 00:10 PM SIB announces a 33.5% rise in net profits

SHARJAH, 22nd October, 2014 (WAM) -- Sharjah Islamic Bank announced its 2014 nine month results with net profits up to AED295 million, compared to AED221 million achieved in the same period last year, a 33.5% growth rate. Net customer …

Banking and Finance

7 October 2014 02:01 PM ADX inches up, gains on banks

The Abu Dhabi Securities Exchange (ADX) closed in the green on Tuesday, its first trading session following the Eid Al Adha holidays. The market’s benchmark index added 0.11% or 5.54 to 5116.79 pts.Around 27.6 million shares traded at …

Trading Activities

22 September 2014 08:57 AM Five UAE banks among MEED’s top 20 Islamic banks

MEED’s list of the largest 20 Islamic banks in terms of assets in the Gulf Cooperation Council (GCC) included five banks from the UAE, till June 14, 2014.In its report, MEED noted that Dubai is an ambitious emirate, which seeks to …

Banking and Finance

10 September 2014 09:17 AM Sharjah sets initial price guidance of USD-denominated Sukuk

Sharjah unveiled the initial price guidance of 120bp area over mid-swaps for a US dollar denominated, 10-year Sukuk, according to Reuters.The National Bank of Abu Dhabi, Sharjah Islamic Bank, HSBC, KFH Investment and …

Corporate Actions

5 September 2014 10:20 AM Fitch affirms ratings of eight UAE banks, upgrades Al Hilal

Fitch has upgraded Al Hilal Bank and affirmed eight other banks and one non-bank financial institution rating, according to Emirates 24/7.The international rating agency said it had upgraded Al Hilal Bank's (AHB) Viability Rating (VR) and …

Ratings