Sharjah Islamic Bank said it had won approval from shareholders for a capital increase through a strategic rights issue that will help it raise up to AED2.59 billion ($705 million). Its proceeds will be used to bolster capital adequacy, fund balance sheet expansion and support returns to shareholders.
Sharjah Islamic Bank (SIB) achieved exceptional financial and operational performance across all its activities during the first nine months of 2025, with a net profit after tax of AED1.1 billion ($299.5 million), representing a 24% increase compared to AED891.3 million for the same period in 2024.
