Sharjah Islamic traded at 2.92 this Monday August 3rd, increasing 0.02 or 0.69 percent since the previous trading session. Looking back, over the last four weeks, Sharjah Islamic gained 1.68 percent. Over the last 12 months, its price fell by 4.26 percent. Looking ahead, we forecast Sharjah Islamic to be priced at 2.88 by the end of this quarter and at 2.73 in one year, according to Trading Economics global macro models projections and analysts expectations.
Sharjah Islamic Bank PJSC is a United Arab Emirates-based financial institution that offers banking, financial and investment services in accordance with Islamic Sharia principles. The Bank is active mainly in three business segments: the Government and corporate segment provides a range of Islamic financial products and services to companies, institutions and government departments; the Retail segment provides a range of Islamic financial services to individuals, and the Investment and treasury segment includes investments of the Bank and other money market activities. The Bank operates a network of 26 branches located across the United Arab Emirates. The Bank’s wholly owned subsidiaries include Sharjah National Hotels (SNH), which is engaged in operating hotels and resorts, catering and related services; Sharjah Islamic Financial Services (SIFS), is involved in conducting intermediation in dealing in local market Sharia-compliant services; Contact Marketing, and ASAS Real Estate.