SIB first half earnings touch Dh191.8m

Sharjah Islamic Bank has recorded a net profit of Dh191.8 million for the first half of 2008 against Dh121.1m for the corresponding period last year, registering an increase of 58 per cent.

Net profit before distribution to depositors reached Dh309.7m, a 65 per cent increase compared to Dh187.4m for the same period last year.

The balance sheet grew by 44 per cent since December 2007 with total assets reaching Dh15.7 billion, the bank said.

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