Sharjah Islamic Bank's performance has been robust with manageable cost of risk and increasing market share in its domestic emirate of Sharjah. We affirmed our 'A-/A-2' ratings on Sharjah Islamic Bank. The stable outlook reflects our view that the bank's business and financial profiles will remain broadly unchanged over the next 12-24 months despite pressure on its operating environment and our expectation that asset-quality indicators will slightly weaken. On June 4, 2021, S&P Global Ratings affirmed its 'A-/A-2' long- and short-term issuer credit ratings on Sharjah Islamic Bank (SIB). The outlook is stable. The stable outlook reflects our view that the bank's business and financial profiles will remain broadly unchanged over the next 12-24 months despite pressure on its operating
