• Net profit after tax for the first nine months of 2026 was Dh1.2 billion, up 9% from Dh1.1 billion a year earlier, per Khaleej Times.
• Customer financing reached Dh54.1 billion, up 18.9% from end-2025, and total assets reached Dh100 billion.
• General and administrative expenses rose 17.4% to Dh726.6 million, outpacing the 13.6% rise in total operating income.
• The non-performing financing ratio fell to 3.2% from 3.8% at end-2025, with provision coverage at 108%.
• The capital adequacy ratio rose to 19.37% from 16.17% at end-2025, with the newspaper crediting a rights issue completed earlier in 2026 for the equity increase.

Sharjah Islamic Bank reported net profit after tax of Dh1.2 billion for the first nine months of 2026, up 9% from Dh1.1 billion a year earlier, according to a Khaleej Times report published at 4:37 PM on 13 October 2026. Growth in financing carried the result, while expenses rose faster than income. The figures cover the period ended 30 September 2026. They come from press reports of the results; the bank's own exchange filing was not reviewed for this piece.

Financing growth did the work

The financing book was the main earnings driver. Khaleej Times reported customer financing at Dh54.1 billion, up 18.9% from end-2025, while Islamic financing and investment income rose 11.7% to Dh3.2 billion. Total operating income climbed 13.6% to Dh2.1 billion, and net operating income before impairment and tax rose 11.6% to Dh1.4 billion. Customer deposits grew a slower 8.4% to Dh60.4 billion, so lending expanded faster than the deposit base. Total assets reached Dh100 billion, up 10.4% from Dh90.3 billion at end-2025.

Costs grew faster than income

The caveat is expense growth. General and administrative expenses rose 17.4% to Dh726.6 million, ahead of the 13.6% rise in total operating income and the 11.6% rise in pre-impairment operating income, per Khaleej Times. Net profit after tax grew 9%, slower than both. The newspaper gave the cost-to-income ratio as 34.7%, against 36.1% at end-2025. The report quotes no management explanation for the cost trend, so the drivers remain unconfirmed.

Asset quality and capital strengthened

Balance-sheet indicators improved. The non-performing financing ratio fell to 3.2% from 3.8% at end-2025, and provision coverage was 108%, per Khaleej Times. Shareholders' equity rose to Dh12.4 billion from Dh9.5 billion, and the capital adequacy ratio reached 19.37% from 16.17%. The newspaper attributed the equity increase to a rights issue completed earlier in 2026, and reported a $500 million sukuk issuance during the period, leaving the outstanding sukuk balance at Dh7.3 billion.

What to watch next

The first-half report, issued by Khaleej Times on 13 July 2026, gave profit of Dh803.9 million, up 15.3% from Dh697.2 million, and described a completed rights issue of 1.1 billion new shares at Dh1 nominal plus a Dh1.4 premium. Nine-month growth of 9% is below that first-half rate, though the reports are rounded and give no third-quarter figure. Last year's nine-month profit rose 24% to Dh1.1 billion, per WAM on 7 October 2025, a demanding base. Watch whether expense growth eases while the financing book expands.