Sharjah Islamic Bank
| Name | Sharjah Islamic Bank |
|---|---|
| Sector | Finance & Insurance - Islamic Commercial Banks |
| Trading | ADX |
| RIC Code | NBS.AD |
| Location | UAE |
Profile and Background
At the extraordinary shareholder's meeting on March 18th 2001, a resolution was passed to transform the bank's activities in a manner that made its banking services fully compliant with Islamic Shari'a principles.
This process was completed on June 30th 2002. As of July 1st 2002, the bank has been operating in accordance with the new set of Shari'a compliant guidelines and regulations. The Bank's capital was raised to AED 1 bn in February 2005 with share prices at AED 2.
5 par value. The Bank's financial statements are audited by KPMG and have been IASB (International Accounting Standards Board) compliant as of 1995.
Shareholding Groups
| Individuals | N/A |
|---|---|
| Institutions | N/A |
| Floating | N/A |
| Government | 27% |
Board Members (Listed in alphabetical order)
Stock Performance
Market Information
| Stock | UAE Index | |
|---|---|---|
| Last Closing | AED 13.4 | 5339.64 |
| YTD % | 113.15% | 81.7% |
| Weekly % | 1.515% | -0.08% |
| Year High | AED 16.3 | 5771.11 |
| Year Low | AED 6.287 | 2938.78 |
| 52 Week High | AED 16.85 | 5771.11 |
| 52 Week Low | AED 12.35 | 1639.31 |
| BETA | 0.8829 | |
| Outstanding Shares | 400,000,000 | |
| Market Cap | AED 5,360,000,000 | |
| Market Cap in $ | USD $1,459,337,308 | |
| % of UAE Market | 0.91% | |
| % of Sector | 1.71% | |
| Rank by Cap | 22 |
Key Figures in '000 AED
| 2003 | 2002 | 2001 | |
|---|---|---|---|
| Total Assets | 2,669,143 | 2,399,498 | 2,047,018 |
| Shareholder's Equity | 637,094 | 629,629 | 621,069 |
| NIAT | 61,259 | 56,008 | 76,302 |
| Dividends | 38,568 | 36,732 | 69,965 |
Financial Ratios
| 2003 | 2002 | 2001 | |
|---|---|---|---|
| Assets Growth | 11.24% | 17.22% | 10.33% |
| Earning Growth | 9.38% | -26.60% | -16.15% |
| ROaA | 2.42% | 2.52% | 3.91% |
| ROaE | 9.67% | 8.96% | 13.76% |
| No. Of Shares | 154,273,776 | 146,927,406 | 139,930,863 |
| EPS | 0.40 | 0.38 | 0.55 |
| EPS Growth | 9.38% | -26.60% | -16.15% |
| Payout Ratio | 62.96 | 65.583 | 91.695 |
Valuation Ratios
| Trailing | |
|---|---|
| PE | 87.50 |
| PB | 8.41 |
| DVPS | 0.10 |
| Div Yield | 0.72% |
| EV | 1,666,156.78 |
| EV/Equity | 2.62 |
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