Sharjah Islamic Bank announces Dh118.5m second quarter profits

Sharjah: The Sharjah Islamic Bank has reported a net profit of Dh118.5 million.

Its total income reached Dh426.9 million and its net operating income at Dh288.4 million, before profit paid to distribution to depositors amounting to Dh144.3 million.

The bank's total assets reached Dh16.4 billion by the end of this quarter with total liquid assets at Dh3.6 billion representing 22 per cent of total assets.

While the bank reported net customer receivables of Dh9.9 billion, total customer deposits were at Dh10 billion at the end of the second quarter.