Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
Sharjah Islamic Bank (SIB) reported a net profit of Dh1.317 billion for the year ended December 31, 2025, marking a 25.7% increase compared with Dh1.047 billion recorded in 2024, according to the bank’s annual results posted on the Abu Dhabi Securities Exchange’s website.
Profit after tax for the year stood at Dh1.32 billion, while profit before tax rose to Dh1.45 billion, compared with Dh1.15 billion in the previous year, reflecting a 26.0% year-on-year increase. The bank attributed the improvement in profitability to higher non-financing income and increased transactional activity across its investing and financing operations.
SIB’s total operating income increased by 14.0% to Dh2.486 billion in 2025, up from Dh2.181 billion in 2024. Net operating income before impairment of financial assets rose 13.3% year-on-year to Dh1.588 billion, highlighting improved performance from core business activities.
The bank’s total assets rose to Dh90.3 billion as at December 31, 2025, representing a 14% increase compared with Dh79.2 billion at the end of the previous year. The growth in assets was driven by an expansion in Islamic financing and liquid assets, strengthening the bank’s balance sheet during the year.
Customer deposits increased to Dh55.7 billion, up 7.6% from Dh51.8 billion a year earlier, supported by continued growth in retail deposits and strong customer relationships, the bank said.
Asset quality improved over the year, with the non-performing financing (NPF) ratio declining to 3.8% as at December 31, 2025, compared with 4.9% at the end of 2024. The NPF coverage ratio strengthened to 109.0%, up from 99.6% a year earlier, reflecting recoveries and prudent credit risk management.
On the cost side, general and administrative expenses rose to Dh897.5 million during the year. As a result, the cost-to-income ratio edged up slightly to 36.1%, compared with 35.7% in 2024.
Earnings per share increased to Dh0.38 for the year ended December 31, 2025, compared with Dh0.30 in the previous year, reflecting the improvement in overall profitability.
SIB is an ADX listed bank with a market capitalisation of Dh11.5 billion.
