Sharjah Islamic Bank (SIB) reported a healthy net profit of AED290.5m ($79.1m) for the first half of 2019, up 3 percent on the same period in 2018. The bank’s total assets reached AED44.3bn ($12bn) at the end of the first half of this year, bringing it to the same level as the end of 2018. In the second quarter of 2019, S&P international rating agency raised the long-term credit rating of SIB from “BBB+” to “A-Stable”. SIB is listed on the Abu Dhabi Securities Exchange (ADX).