Abu Dhabi – Mubasher: Sharjah Islamic Bank logged AED 380.66 million in net profit after tax during the first quarter (Q1) of 2026, an annual rise of 19.40% from AED 318.93 million.
The basic and diluted earnings per share (EPS) increased to AED 0.12 as of 31 March 2026 from AED 0.09 a year earlier, according to the interim financial results.
Sharjah Islamic Bank achieved total operating income of AED 644.08 million in Q1-26, up 21.10% year-on-year (YoY) from AED 531.72 million.
Total assets remained stable at AED 90.86 billion by the end of the first three months (3M) of 2026, reflecting a modest growth of 1% when compared to AED 90.30 billion at the end of 2025.
This growth was primarily driven by a 2.60% increase in total investment in Islamic financing, which reached AED 46.80 billion, compared to AED 45.60 billion at the end of 2025.
Likewise, the customer deposits jumped by 10.30% to AED 61.40 billion in Q1-26, compared to AED 55.70 billion as of 31 December 2025.
The ADX-listed lender maintained a strong liquidity position, with liquidity representing 21.80% of total assets, equivalent to AED 19.80 billion, compared to 22.30% in 2025.
Last year, the bank’s net profits climbed by 25.70% to AED 1.31 billion from AED 1.04 billion in 2024.
