Abu Dhabi – Mubasher: Sharjah Islamic Bank reported a 6% year-on-year increase in its net profit during the first quarter of 2019.

Net profits amounted to AED 151.7 million in Q1-19, compared to AED 143.1 million in Q1-18, the lender said in a statement to the Abu Dhabi Securities Exchange (ADX) on Tuesday.

By the end of Q1-19, total assets of the Sharjah-based bank recorded AED 42.8 billion, the statement said.

Total customers financing reached AED 24.5 billion during the three-month period ended in March, while net operating income amounted to AED 329.2 million.

The bank posted a 7% year-on-year increase in its profits for the full year 2018, recording AED 510.3 million.