SHARJAH, 16 April 2006 — The Sharjah Islamic Bank (SIB) has posted a net profit of AED61.5 million in the first quarter of this year. The figure represents 32 per cent rise compared to the AED46.8 million profit realized during the same period last year. The bank’s financial statement for the period ending March 31, 2006 put the total of operation profit at AED61.5 million, compared to AED23.3 million recorded in the first quarter of 2005.