Sharjah Islamic Bank

Ticker/ISIN

NBS

AES000201013

Market/Country

Abu Dhabi Stock Exchange

United Arab Emirates

Latest Stock Price

2.30 AED

2024-02-21

Year to date

-0.05 %

3 months

0.00 %

6 months

0.00 %

1 year

0.00 %

3 years

0.00 %

5 years

0.00 %

Sharjah ISlamic Bank was founded in 1975 by the Amiri Decree of H.H.Sh. Dr. Sultan Bin Mohammed Al Qassmi. Member of the Supreme Council and Rule of Sharjah to provide banking services to corporates and indiviuals. for more than 12 years Sharjah Islamic Bank became the first worldwide bank converted sucessfully to Islamic Bank activities. and all system were modified to provide Islamic complaint services. Furthermore, prominent Sharia'a scholars. specialized in Islamic banking have coached bank's associates to the new services and products. Sharjah Islamic Bank is one of the largest banks in Sharjah. Bank's total assets reached to AED 21.7 billion at the end of 2013, with 18.6% increase comparing to the previous year, and increase from 18.3 billion in 2012. New branches network is including about 29 branches in Sharjah, Abu Dhabi, Dubai, Khorfkan, Dibba Alhisin, Kalba, Fujairah, AlAin and RasAlKhaima.

Latest Pressrelease Summaries

The document is a Directors' Report and Condensed Consolidated Interim Financial Statements for Sharjah Islamic Bank PJSC, covering the six-month period ending on June 30, 2024.

Disclosures: Sharjah Islamic Bank Financial Results for the Period Ended June 30,2024

3 months ago

The Directors' Report and Condensed Consolidated Interim Financial Statements for Sharjah Islamic Bank PJSC have been released, covering the three-month period ending on 31 March 2024. The report provides an overview of the bank's financial performance and activities during this period.

Disclosures: Sharjah Islamic Bank Financial Results for the Period Ended March 31,2024

5 months ago

The Internal Shari’ah Supervision Committee (ISSC) of Sharjah Islamic Bank has issued its annual report for the financial year ending 31 December 2023. The ISSC is responsible for the Shari’ah supervision of all the bank's activities, products, services, and contracts, and for determining Shari’ah parameters necessary for the bank's activities. The committee is also responsible for ensuring the bank complies with Islamic Shari’ah within the framework set by the Higher Shari’ah Authority (HSA). The senior management is responsible for ensuring the bank's compliance with Islamic Shari’ah, while the board bears the ultimate responsibility. During the financial year, the ISSC conducted Shari’ah supervision of the bank's activities, issued fatwas and opinions, monitored compliance, and supervised the bank's activities through internal Shari’ah control and audit.

Disclosures: Sharia Report

8 months ago

The Internal Shari’ah Supervision Committee (ISSC) of Sharjah Islamic Bank has issued its annual report for the financial year ending 31 December 2023. The ISSC is responsible for overseeing the compliance of all bank activities with Shari’ah law, including policies, accounting standards, operations, and distribution of profits. The committee ensures compliance with the rules and standards set by the Higher Shari’ah Authority (HSA). The ISSC has abided by the Shari’ah standards issued by the Accounting and Auditing Organization for Islamic Financial Banks (AAOIFI) since 2018. During the financial year, the ISSC conducted seven meetings, issued fatwas, monitored compliance of policies and procedures, and supervised bank activities through the internal Shari’ah control division and internal Shari’ah audit.

Disclosures: Annual Sharia Report

8 months ago

The Resolution No. (262) of 2024 temporarily suspends trading on the shares of Sharjah Islamic Bank. This decision is based on Article No. (16) of the Regulations concerning the listing of securities on ADX. The suspension is due to a meeting of the Sharjah Islamic Bank Board of Directors that coincides with the trading session at ADX on the 18th of January 2024. Trading will be suspended from 09:00 on the 18th of January 2024 until ADX receives the meeting results. All heads of departments in ADX are required to execute this resolution in their respective fields. The resolution is to be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 15/01/2024.

ADX Disclosures: Temporary suspension of trading on the shares of Sharjah Islamic Bank on 18 Jan 2024

9 months ago

The document is a Directors' Report and Condensed Consolidated Interim Financial Statements from Sharjah Islamic Bank PJSC, dated 30 September 2023. The report provides an overview of the bank's financial performance and position during this period, likely including key financial metrics, strategic updates, and commentary from the board of directors. The document is intended for stakeholders who are interested in the bank's financial standing and future prospects.

Disclosures: Sharjah Islamic Bank Financial Results for the Period Ended September 30,2023

a year ago