Monday 28, July 2008 by

Bank of Sharjah profits up by 27 per cent

Bank of Sharjah has released its first half results and said it generated net profits of $53.1 million, an increase of 27 per cent compared with $41.6 million for the same period of last year. Moreover, it registered an additional profit of $31.8 million in shareholder's equity due to cumulative changes in the fair value of investments. The bank's total profits of $84.9 million represent 116 per cent increase over the corresponding June 2007 figure of $39.2 million.

Features & Analyses

Islamic Finance The path forward

After years of milestones, Islamic finance in Dubai and beyond still has work to do, writes Abdulla Mohammed Al Awar, CEO of DIEDC read more