Sharjah Islamic Bank (SIB) posted a net profit of AED257 million for the first six month of 2016.
Emirates Islamic net profit AED92 million in Q2 up 104 % as compared with AED 45 million for Q1 2016.
The bank made SAR2.05 billion ($546.7 million) in the three months to June 30.
Net profit for the three months to June 30 was QAR514 million ($141.2 million).
Qatar Islamic Bank made a net profit of QAR562.6 million ($154.5 million) during the three months to June 30.
Saudi Binladin Group has asked for an extension on an SAR817 million ($217.8 million) Islamic loan.
Contracting giant Saudi Binladin Group (SBG) has repaid $266.7 million Islamic bond that matured in late June, a sign of modestly easing pressure on the embattled firm.
Abu Dhabi Islamic Bank warned it was restricting the amount of new credit it was extending due to an increase in defaults across its business lines.
Growth in demand for business credit in UAE slowed during three months through June, especially in Dubai.
Egyptian Takaful Property and Liability Insurance will commit around $200,000 to the capacity subscription of a planned insurance pool designated to insure nuclear facilities and projects in Egypt.
Analysts downgrade EU banks in favour of US Rivals.
A $166 million loan to Commercial Bank of Qatar (CBQ) part of rapid increase in foreign debt at Qatari banks.
Hidden lingering problems that automation hasn’t fully addressed: a handful of manual systems in back office.