{"id":115378,"date":"2026-04-14T00:00:00","date_gmt":"2026-04-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?p=115378"},"modified":"2026-04-14T03:04:49","modified_gmt":"2026-04-14T03:04:49","slug":"sibs-net-income-rises-19-4-y-o-y-in-1q-2026","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2026\/04\/14\/sibs-net-income-rises-19-4-y-o-y-in-1q-2026\/","title":{"rendered":"SIB\u2019s net income rises 19.4% y-o-y in 1Q 2026"},"content":{"rendered":"<p><a target=\"_blank\" id=\"id.9ozr751nttm9\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Sharjah Islamic Bank kicks off earnings season: <\/strong>Sharjah Islamic Bank (SIB)\u2019s 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 <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/581.pdf\" style=\"\">disclosure (pdf)<\/a>. A 21.1% increase in operating income to AED 644.1 mn \u2014 which offset a 17.9% rise in operating expenses \u2014 also supported bottom-line growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Income from Islamic financing and sukuk grew 14.4% y-o-y to nearly AED 1.1 bn during the quarter<\/strong>, while inflows from fees and commissions rose 9.3% to AED 179.7 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Customer deposits climbed 10.3% to AED 61.4 bn over the same period<\/strong>, 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Income from Islamic financing and sukuk grew 14.4% y-o-y to nearly AED 1.1 bn<\/p>\n","protected":false},"author":1,"featured_media":115379,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1596],"tags":[159,237,7,674],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-115378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-banking","tag-earnings-watch","tag-enterpriseam-uae","tag-sharjah-islamic-bank","wpautop","entry"],"acf":{"mongo_id":"7c79f87f-4318-47e4-965f-f8a2e011ea6e","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1976.jpg","photo_position":"above","homepage_title":"","full_issue_title":"SIB\u2019s net income rises 19.4% y-o-y in 1Q 2026","related_issue":[115368],"teaser":"Income from Islamic financing and sukuk grew 14.4% y-o-y to nearly AED 1.1 bn"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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