Sharjah Islamic Bank has reported a significant increase in net profit for the first quarter of 2026, reaching 380.7 million dirhams. This marks a 19.4% growth compared to the same period in 2025, when the profit was 318.9 million dirhams. The primary driver of this growth was the bank's continued investment in human capital development and enhancement of its technological and operational infrastructure. This supported business expansion and improved service quality for customers. Despite rising expenses, the bank's operating income before impairment provisions increased to 410.3 million dirhams, up from 333.4 million dirhams in Q1 2025, a growth of 23.1%. Total customer deposits grew by 10.3% to 61.4 billion dirhams, reflecting strong market confidence and the bank's effective risk management strategies.
