Sharjah Islamic Bank posts Dh191.6m profit for Q3

Sharjah Islamic Bank announced its third quarter 2010 results yesterday with net profit of Dh191.6 million.

The balance sheet grew since December 2009 with total assets reaching Dh16.3 billion compared with Dh16bn.

Total liquid assets increased by Dh410.2m 12.9 per cent to reach Dh3.6bn, represents 22 per cent of total assets compared to Dh3.2bn 20 per cent of total assets  at December 2009 and customer deposits reached Dh10bn, compared with Dh9.9bn since December 2009.

Net customer receivables reached Dh9.9bn.

Total shareholder equity amounting to Dh4.3 billion represents 26 per cent of the total assets reflecting the bank’s strong capital base and strong financial position that will enable the bank to achieve its strategic objective.