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DUBAI / WAM
Sharjah Islamic Bank (SIB) has achieved a net profits of AED 283.0 million in the first half 2018 compared to AED272.9 million in same period last year, a 4 percent increase. According to first half financial results, total assets reached AED42.8 billion at the end of H1 compared to AED38.3 billion at the end of 2017, representing an increase of 12 percent. On the asset side of the balance sheet, customer financing reached AED22.6 billion at the end of H1 compared to AED21.7 billion at end of 2017. Also investment in securities increased significa-ntly by 20 percent to reach AED 6.0 billion compared to AED5.0 billion at the end of 2017.