More local banks are reporting 1Q 2025 — and 1H 2025 — earnings as we kick off earnings season.

SHARJAH ISLAMIC BANK-

SIB net income up 24.8% in 1H 2025: Sharjah Islamic Bank (SIB) reported a 24.8% y-o-y rise in net income to AED 697.2 mn in 1H 2025, according to its management discussion and analysis report (pdf). The increase was driven by a 6.4% rise in income from Islamic finance and sukuk to AED 1.9 bn, and a 40.2% jump in investment, fee, and commission income to AED 412.4 mn. Total operating income rose 13% y-o-y to AED 1.2 bn.

NBQ-

National Bank of Umm Al Quwain (NBQ) reported a 16.7% y-o-y rise in net income to AED 128 mn in 2Q 2025, according to its financials (pdf). Its bottom line was boosted by a 50.2% y-o-y jump in operating income, which reached AED 214.5 mn.

On a six-month basis, NBQ posted a net income of AED 313.8 mn, up 10% compared to 1H 2024. Meanwhile, gross revenues rose 8% y-o-y to AED 643 mn. The lender attributed its solid 1H performance — despite difficult interest rate conditions — to improved income diversification and tight cost control, according to a separate earnings release (pdf).

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