Fitch upbeat on outlook for Sharjah Islamic Bank
Although the Sharjah Islamic Bank (SIB) has acted good through the economic crisis, the problem could be in the expore to real estate.
The bank has also benefited from fairly low impairment charges due to relatively few problems in its financing and leasing book. It seems that the credit worries come from SIB's high single name and sector concentrations in financing and leasing.
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