SIB’s net income rises 19.4% y-o-y in 1Q 2026

Sharjah Islamic Bank kicks off earnings season: Sharjah Islamic Bank (SIB)’s net income climbed 19.4% y-o-y to AED 380.7 mn in 1Q 2026, driven by core business growth and stronger funding, according to the disclosure (pdf). A 21.1% increase in operating income to AED 644.1 mn — which offset a 17.9% rise in operating expenses — also supported bottom-line growth.

Income from Islamic financing and sukuk grew 14.4% y-o-y to nearly AED 1.1 bn during the quarter, while inflows from fees and commissions rose 9.3% to AED 179.7 mn.

Customer deposits climbed 10.3% to AED 61.4 bn over the same period, while total assets inched up 1% to AED 90.9 bn on the back of increased investments in Islamic financing, which rose 2.6% to AED 46.8 bn.