Sharjah Islamic Bank
Ticker/ISIN
NBS
AES000201013
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates
About Sharjah Islamic Bank
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 from Sharjah Islamic Bank
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.
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.
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.
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.
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.
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News Update From Sharjah Islamic Bank
Disclosures: Sharjah Islamic Bank AGM held on 16/10/2024 at 16:30
Abu Dhabi Stock Exchange News
News Update From Sharjah Islamic Bank
Disclosures: Sharjah Islamic Bank Board Meeting Results held on 29/08/2024 at 11:00
Abu Dhabi Stock Exchange News
News Update From Sharjah Islamic Bank
Disclosures: Sharjah Islamic Bank Announcement of Board Meeting to be held on 29/08/2024 at 11:00
Abu Dhabi Stock Exchange News
News Update From Sharjah Islamic Bank
Disclosures: Off-market Sale and Transfer of Sharjah Islamic Bank PJSC Shares
Abu Dhabi Stock Exchange News
News Update From Sharjah Islamic Bank
Disclosures: Sale and transfer of Sharjah Islamic Bank Shares off-market
Abu Dhabi Stock Exchange News
News Update From Sharjah Islamic Bank
Disclosures: Sharjah Islamic Bank Management Discussion and Analysis Report for the Period Ended June 30,2024
Abu Dhabi Stock Exchange News
News Update From Sharjah Islamic Bank
Disclosures: Sharjah Islamic Bank Financial Results for the Period Ended June 30,2024
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.
Abu Dhabi Stock Exchange News
News Update From Sharjah Islamic Bank
Disclosures: Announcement of Investor Meetings on 25th of June 2024
Abu Dhabi Stock Exchange News
News Update From Sharjah Islamic Bank
Disclosures: Sharjah Islamic Bank
Abu Dhabi Stock Exchange News
News Update From Sharjah Islamic Bank
Disclosures: Sharjah Islamic Bank Announcements