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UAE- Sharjah Islamic Bank proposes 8 percent of cash dividends for shareholders

UAE- Sharjah Islamic Bank proposes 8 percent of cash dividends for shareholders
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Sharjah Islamic Bank to pay 8% cash dividends as profits rise to Dh405 8 million in 2020

Sharjah Islamic Bank to pay 8% cash dividends as profits rise to Dh405.8 million in 2020 Staff Report Filed on February 20, 2021 Sharjah Islamic Bank achieved an increase in its operating profits, which amounted to Dh697.7 million, or 8.7 per cent up, compared to Dh642.1 million for the previous year before calculating the provisions for impairment. Supplied photo Total customer deposits increased by 23 per cent to reach an amount of Dh33.6 billion compared to Dh27.3 billion at the end of 2019 Sharjah Islamic Bank (SIB), which held its 45th general assembly on Saturday, agreed to distribute eight per cent of cash profits to shareholders, after the bank achieved net profits of Dh405.8 million dirhams for the year 2020.

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