Mashreq wraps another strong year

Our friends at Mashreq capped 2025 with record operating income, which came in at AED 12.6 bn for the full year, up 3% y-o-y on an adjusted basis, according to its financials (pdf) and management discussion and analysis report (pdf). Net income after tax fell 23% y-o-y to AED 7.0 bn, on the back of a decline in net interest income following the Central Bank of the UAE’s interest rate cuts late last year.

This was partially offset by an increase in non-interest income, which rose 16% y-o-y, while investment income jumped 53%, reflecting stronger transaction volumes and trade flows across Mashreq’s corporate, retail, and international segments.

The balance sheet has also grown: Total assets grew 25% y-o-y to AED 335 bn. Customer loans increased 32%, while customer deposits rose 27% — extending the balance-sheet expansion seen earlier in the year as lending momentum accelerated across markets.

Looking ahead: Management pointed to continued international expansion along “key UAE- and GCC-linked corridors” and deeper use of digital and AI-driven platforms across lending and onboarding as key priorities heading into 2026.

Sharjah Islamic Bank’s net income jumps 25.7% in 2025

Sharjah Islamic Bank posted a 25.7% surge in net income, reaching AED 1.3 bn in 2025, according to its management and discussion analysis report (pdf). Total operating income rose 14% to AED 2.4 bn for the year, with inflows supported by a 7.6% increase in customer deposits to AED 55.7 bn, as well as a 19.6% uptick in Islamic financing to AED 45.6 bn. The bank’s total assets stood at AED 90.3 bn at the end of 2025.

Dividends: The bank paid out AED 458.7 mn in dividends for the year, as well as AED 148.1 mn in returns on Tier 1 sukuk, according to its financials (pdf).

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