Abu Dhabi – Mubasher: The net profits attributable to the shareholders of Sharjah Islamic Bank (SIB) increased by 1.3% to AED 153.660 million during the first quarter (Q1) of 2020, compared to AED 151.746 million in the same quarter of 2019.
The bank's income from Islamic financing and Sukuks reached AED 423.877 million during the first three months of 2020, down from AED 438.477 million in the corresponding period in 2019, according to the bank's consolidated unaudited interim financial statements for the period ended 31 March 2020.
The total assets of the lender stood at AED 49.250 billion in the January-March period in 2020 compared to AED 46.390 billion during the year-ago period.
The basic and diluted earnings per share (EPS) remained unchanged at AED 0.05.
It is noteworthy to mention that in 2019, the bank saw a 7% year-on-year (YoY) profit increase to AED 545.5 million from AED 510.4 million in the year-ago period.
