Sharjah Islamic Bank (SIB) has approved a 20% cash dividend for shareholders after reporting strong financial results for 2025, marking a significant milestone as the bank celebrates its 50th anniversary. The decision was announced during the bank’s annual general meeting, where shareholders supported the dividend payout following a year of solid growth and improved financial performance.
During the meeting, shareholders approved a cash dividend of Dh647.1 million, equivalent to Dh0.20 per share for the financial year ending 2025. This represents an increase from the 15% dividend distributed the previous year, reflecting the bank’s improved profitability and stronger financial position.
The assembly also approved a capital increase through a rights issue worth up to Dh1.078 billion. The plan involves issuing more than one billion new shares priced at Dh2.40 each, which will raise the bank’s capital from Dh3.235 billion to approximately Dh4.314 billion. The move is intended to strengthen the bank’s capital base and support its future expansion plans.
SIB reported a net profit of Dh1.32 billion in 2025, representing a 26% increase compared with Dh1.05 billion recorded in 2024. Revenue from Islamic financing and sukuk investments rose 4.7% to Dh3.9 billion, while fee and commission income surged by 50% to Dh598.8 million. Overall, total operating income increased 14% to Dh2.5 billion, reflecting growth across several business segments.
Operating expenses increased 15.2% to Dh897.5 million, mainly due to continued investments in technology and human capital as part of the bank’s long-term development strategy. Despite the rise in costs, net operating income before provisions reached Dh1.6 billion, showing strong operational performance.
The bank also reported improvements in asset quality, with the non-performing financing ratio declining to 3.8% from 4.9% a year earlier, while the coverage ratio improved to 109%, indicating stronger risk management and financial stability.
SIB’s balance sheet continued to expand during the year. Total assets grew 14% to Dh90.3 billion, while customer financing increased nearly 20% to Dh45.6 billion. At the same time, customer deposits reached Dh55.7 billion, highlighting continued growth in the bank’s core banking activities.
According to **Abdul Rahman Al Owais, Chairman of SIB, the bank’s Golden Jubilee represents both a celebration of its achievements and the beginning of a new phase of growth. He said the approved capital increase will help position the bank for future expansion while focusing on digital innovation, operational efficiency, and diversification to create long-term value for shareholders.