Net profit before distribution to depositors reached 159.0m, a 12% increase compared to 141.5m for the same period last year.
Total Assets grew to reach Dhs15.7bn, an increase by Dhs143.3m since December 2008. Customer deposits also grew by Dhs122.0m to reach Dhs9.2bn. Net customer receivables reached Dhs10.1bn compared to Dhs10.2bn on December 2008.
In his comment, Mohamed Abdullah, CEO of Sharjah Islamic Bank said that the first quarter results for 2009 are considered good in light of the current financial downturn.
This reflects the bank's success in executing its strategic objectives outlined by the board of directors and based on the latest modern concepts in terms of leadership, strategic initiatives, quality requirements and social responsibility.
He assured that forward thinking has placed Sharjah Islamic Bank high in the Islamic banking sector, and recently enabled it to proudly receive the prestigious Mohammed Bin Rashid Al Maktoum Business Award 2008.
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Sharjah Islamic Bank announces a 7% rise in net profits to reach Dhs85.0m
- United Arab Emirates: Sunday, April 19 - 2009 at 09:12
- PRESS RELEASE
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Sharjah Islamic Bank announced its 1st quarter 2009 results yesterday with net profit of Dhs85.0m, compared to 79.4m achieved in the same period last year, with a 7% increase.
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Posted by Rima Ali Al MashniSunday, April 19 - 2009 at 09:12 UAE local time (GMT+4)
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Notes and Media Contacts »
For more information please contact:
Ayman Nadir Talsam
PRESS EDITOR
Public Relation & Media Division
Sharjah Islamic Bank
P.O.Box: 4, Sharjah, U.A.E
Tel: +971 6 568 1000
Direct: +971 6 511 5431
Fax: + 971 6 569 4742
Ayman Nadir Talsam
PRESS EDITOR
Public Relation & Media Division
Sharjah Islamic Bank
P.O.Box: 4, Sharjah, U.A.E
Tel: +971 6 568 1000
Direct: +971 6 511 5431
Fax: + 971 6 569 4742
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