04:36 AM EDT, 07/15/2026 (MT Newswires) -- FAB Securities reiterated its buy rating on Sharjah Islamic Bank (ADX:SIB) after the lender released its financial statements for the second quarter. "We maintain BUY rating on SIB with a target price of AED 3.85. SIB recorded strong growth in profitability in 2Q26, driven by effective management execution and the successful implementation of its profit-generating strategies. Furthermore, net advances increased 16.0% YOY and 6.7% QOQ to AED 49.9 Bn in 2Q26. This growth highlights the Bank's steadfast commitment to providing Islamic financial services and fostering sectoral growth," analysts said in a first look note published Tuesday. Thanks to higher net funded and non-funded income, the Abu Dhabi-listed bank logged a 11.9% yearly increase in its net profit to 423 million dirhams, beating FAB's estimate of 373 million dirhams.

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