Abu Dhabi – Mubasher: Sharjah Islamic Bank disclosed its financial results for the third quarter of 2019.

Net profit jumped by 8.84% to AED 124.86 million in Q3-19, compared to AED 114.71 million in Q3-18, according to the bank’s statement to the Abu Dhabi Securities Exchange (ADX) on Sunday.

The bank generated AED 467.19 million in revenues during the three-month period ended September, up 5.8% from AED 441.74 million in the same period of the prior year.

For the first nine months of 2019, net profits of the Sharjah-based bank levelled up by 4.45% year-on-year to AED 415.4 million.

The bank attributed the rise in profits to the increase in revenues to AED 1.41 billion by the end of September.

Source: Mubasher

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