Home | Careers | FAQ | Glossary | Locations
Sharjah Islamic Financial Services, a subsidiary of Sharjah Islamic bank offers its customers and investors a wide range of Islamic Sharia compliant trading tools to allocate, select and manage investments and wealth. Head quartered in Sharjah Expo Centre, in a modern state-of-the-art office building with all the advanced technological infrastructure necessary to conduct smooth business, SIFS offers right ambience and a professional environment. As a commitment to provide high quality services to our clients strict Islamic Sharia principles are adhered-to all processes and practices, which in turn gives SIFS a competitive advantage over other firms who are also offering similar kind of services.
United Development Company dives 4.26% The Doha-based QE Index added 5.41 points to reach 8,440.11, as the insurance and services segment weighed on the gauge. Shares of real estate leader United Development Company (UDC) fell 4.26% to hit QR24.70, amid profit booking. Last Thursday, UDC was the share of the day, after the developer of the man-made island Pearl Qatar revealed a net profit of QR3.7bn in 2011 versus QR597m in 2010.
The Doha-based QE Index added 5.41 points to reach 8,440.11, as the insurance and services segment weighed on the gauge. Shares of real estate leader United Development Company (UDC) fell 4.26% to hit QR24.70, amid profit booking. Last Thursday, UDC was the share of the day, after the developer of the man-made island Pearl Qatar revealed a net profit of QR3.7bn in 2011 versus QR597m in 2010.
Sharjah Islamic Bank rises as net profit dips slightly The Abu Dhabi equity gauge ADX General Index surged 1.78% to reach 2.432.61 points, as shares gained across the board. Developers Aldar Properties (up 3.37% at Dhs0.90) and Sorouh Real Estate (2.53% higher at Dhs0.80) gained on an improved sentiment in the UAE. Market bellwether Etisalat, the country's first telecom provider, soared 3.8%. Shares of Sharjah Islamic Bank or SIB added 1.15%. Earlier in the Day, SIB reported a net profit for 2011 reaching Dhs251.1m. compared to Dhs266.4m in the year before. SIB proposed a 6% cash dividen, compared to 7% for the year 2010.
The Abu Dhabi equity gauge ADX General Index surged 1.78% to reach 2.432.61 points, as shares gained across the board. Developers Aldar Properties (up 3.37% at Dhs0.90) and Sorouh Real Estate (2.53% higher at Dhs0.80) gained on an improved sentiment in the UAE. Market bellwether Etisalat, the country's first telecom provider, soared 3.8%. Shares of Sharjah Islamic Bank or SIB added 1.15%. Earlier in the Day, SIB reported a net profit for 2011 reaching Dhs251.1m. compared to Dhs266.4m in the year before. SIB proposed a 6% cash dividen, compared to 7% for the year 2010.
Dubai Financial Market struggles with 1,400-barrier The DFM General Index (DFMGI) opened higher and rose during the first hour of trading but then lost steam and eventually slipped 0.30% to 1,401.56 points amid some profit booking. Trading volumes remained solid as 114.5m shares were traded, valued at Dhs143.68m. Emirates NBD edged 2.41% higher to reach Dhs2.97. According to the DIFC Economic Weekly, the Dubai Economic Council expects Dubai GDP to grow 4.1% in Q1 2012, with the possibility of lower growth in the following quarters from an anticipated economic slowdown in the major trading partners EU members, India, China and other GCC nations." Construction and real estate giants Arabtec (down half a per cent) and Emaar (off 1.42%), however, weighed on the DFM measure.
The DFM General Index (DFMGI) opened higher and rose during the first hour of trading but then lost steam and eventually slipped 0.30% to 1,401.56 points amid some profit booking. Trading volumes remained solid as 114.5m shares were traded, valued at Dhs143.68m. Emirates NBD edged 2.41% higher to reach Dhs2.97. According to the DIFC Economic Weekly, the Dubai Economic Council expects Dubai GDP to grow 4.1% in Q1 2012, with the possibility of lower growth in the following quarters from an anticipated economic slowdown in the major trading partners EU members, India, China and other GCC nations." Construction and real estate giants Arabtec (down half a per cent) and Emaar (off 1.42%), however, weighed on the DFM measure.
Egypt's external debt climbs to $34.9bn The central bank of Egypt has said the countrys external debt has reached $34.9bn at the end of the 2010-11 financial year, up by $1.2bn on the year before, Ahram has reported. The European Union is Egypts largest creditor and is owed a total of $10.8bn by the country. Japan is listed as the second biggest creditor to the tune of $4.2bn, while the US is in third place with $3.1bn. Kuwait topped the list of Arab creditors, with total loans to Egypt of $854.1m by the end of the 2010-11 fiscal year in June, followed by Saudi Arabia with $307.6m, while the UAE is owed $162.4m, the figures showed.
The central bank of Egypt has said the countrys external debt has reached $34.9bn at the end of the 2010-11 financial year, up by $1.2bn on the year before, Ahram has reported. The European Union is Egypts largest creditor and is owed a total of $10.8bn by the country. Japan is listed as the second biggest creditor to the tune of $4.2bn, while the US is in third place with $3.1bn. Kuwait topped the list of Arab creditors, with total loans to Egypt of $854.1m by the end of the 2010-11 fiscal year in June, followed by Saudi Arabia with $307.6m, while the UAE is owed $162.4m, the figures showed.
Abraaj says it made 'significant' returns from Turkey sale Dubai-based Abraaj Capital has said it has made very significant returns from the sale of its 50% stake in Turkeys largest hospital chain, Bloomberg has reported. The sale of Abraajs stake in Turkeys Acibadem Saglik Yatirimlari valued Acibadem Holding at about $1.68bn for its entire Class A and Class B share capital, the companies said in December. The transaction was completed last week. Weve made very significant returns, Mustafa Abdel Wadood, CEO of Abraaj Capital.
Dubai-based Abraaj Capital has said it has made very significant returns from the sale of its 50% stake in Turkeys largest hospital chain, Bloomberg has reported. The sale of Abraajs stake in Turkeys Acibadem Saglik Yatirimlari valued Acibadem Holding at about $1.68bn for its entire Class A and Class B share capital, the companies said in December. The transaction was completed last week. Weve made very significant returns, Mustafa Abdel Wadood, CEO of Abraaj Capital.
Symbol
Current Prices
Chg
Value (AED)
Volume