Dubai: Sharjah Islamic Bank posted a 30.8 per cent rise in net profit to Dh851.5 million for the year ended December 2023, compared to a year ago, aided by increased investments in Islamic financing and customer deposits.
During the period, the lender saw its net investment in Islamic financing reach Dh33 billion at the end of December 2023, compared to Dh30.7 billion at the end of December 2022, an increase of Dh2.4 billion or 7.7 per cent.