Sharjah Islamic Bank (SIB) announced yesterday its 2nd quarter 2010 results with net profit of AED 118.5 million. Total income reached AED 426.9 million and net operating income of AED 288.4 million before profit paid for distribution to depositors amounting to AED 144.3 million by end of the 2nd quarter of 2010. The balance sheet with total Assets reached AED 16.4 billion, according to the UAE news agency "WAM." Total liquid assets reached AED 3.6 billion, representing 22 per cent of total assets and customer deposits reached AED 10.0 billion. Net customer receivables reached AED 9.9 billion while total shareholder equity amounted to AED 4.3 billion representing 26% of the total assets.
