3.736 billion dirhams net profits "Dubai Islamic" In the first half
Dubai, July 14 / WAM / Dubai Islamic Bank achieved net profits after tax amounting to 3.736 billion dirhams during the first half of 2026, compared to 3.73 billion dirhams in the same period last year, while profits before tax amounted to 4.334 billion dirhams, an increase of 1% on an annual basis.
According to a statement issued by the bank today, total revenues increased 10% on an annual basis to 12.439 billion dirhams, compared to 11.354 billion dirhams during the corresponding period of last year, supported by sustainable growth across sources of financing and non-financing income.
Operating profits rose 6% to 4.823 billion dirhams, while net financing assets increased 7% since the beginning of the year to 281 billion dirhams, with new financing worth 43 billion dirhams recorded during the period.
Customer deposits grew by 2% to 327 billion dirhams, and total assets reached 423 billion dirhams.
His Excellency Mohammed Ibrahim Al Shaibani, Chairman of Dubai Islamic, said that the first half of 2026 witnessed an operating environment characterized by increasing challenges in light of the continuing geopolitical developments, changing global economic and financial expectations, and fluctuations in levels of confidence in global markets. However, the UAE continued to maintain its stability and demonstrate high levels of flexibility thanks to the diversification of its economy, the efficiency of its policies, and the strength of its financial sector.
His Excellency pointed out that the successful issuance of the additional Tier 1 Sukuk of capital, worth one billion dollars, strengthened investor confidence and confirmed the bank’s ability to continue growth based on a more solid financial position.
Dr. Adnan Chilwan, CEO of Dubai Islamic Group, said that the growth in operating revenues reflects the strong performance of financed and unfunded income and the continued demand for the bank’s products and services that are compatible with the provisions of Islamic Sharia, while the stability of profits after tax at 3.7 billion dirhams, with the return on tangible equity before tax remaining close to 20%, reflects the quality of profits and the focus on achieving sustainable growth and balanced returns.
According to the bank, its digital banking services have recorded remarkable progress, as the number of those registered in digital banking services increased by 16% on an annual basis.
In terms of sustainability, the bank has provided sustainable financing worth 3.1 billion dirhams, in addition to sustainability-related financing worth 2.1 billion dirhams since the beginning of the year.
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