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General News · UAE

Dubai Islamic Bank posts AED3.74 billion net profit in first half of 2026

By · July 15, 2026 · Updated July 31, 2026 · 2 min read
Dubai Islamic Bank posts AED3.74 billion net profit in first half of 2026

DUBAI: Dubai Islamic Bank reported a net profit after tax of AED3.736 billion for the first half of 2026, compared with AED3.73 billion during the same period last year.

The bank’s profit before tax increased by 1 percent to AED4.334 billion.

Dubai Islamic Bank said its total revenue rose by 10 percent to AED12.439 billion, up from AED11.354 billion in the first half of 2025. The increase came from growth in financing income, fees and other banking services.

Operating profit increased by 6 percent to AED4.823 billion.

The bank’s net financing assets grew by 7 percent from the start of the year to AED281 billion. It also provided AED43 billion in new financing during the six-month period.

Customer deposits increased by 2 percent to AED327 billion, while the bank’s total assets reached AED423 billion.

Mohammed Ibrahim Al-Shaibani, Chairman of Dubai Islamic Bank, said the first half of 2026 was affected by global political tensions, changing interest rate expectations and uncertainty in financial markets.

However, he said the UAE economy remained strong because of economic growth in different sectors, careful government policies and a well-developed banking system.

Dubai’s economy reached AED232 billion in the first quarter of 2026, an increase of 2.4 percent compared with the same period last year.

Al-Shaibani said the bank’s results showed the importance of strong management, careful use of money and a healthy balance sheet.

He also highlighted the bank’s successful sale of $1 billion in Additional Tier 1 sukuk. Sukuk are financial certificates that follow Islamic finance rules.

Dr. Adnan Chilwan, Group Chief Executive Officer of Dubai Islamic Bank, said the bank delivered a strong performance during the first half of the year.

He said revenue grew because of continued demand for Sharia-compliant banking products and services.

The bank’s pre-tax return on tangible equity remained close to 20 percent, showing that it continued to generate strong returns for shareholders.

Asset quality also improved. The non-performing financing ratio fell to 2.4 percent, while the cost of risk remained low at 28 basis points. Cash coverage stood at 122 percent.

The bank’s Common Equity Tier 1 ratio was 13 percent, while its capital adequacy ratio reached 16.1 percent.

Its liquidity coverage ratio stood at 140 percent, and its net stable funding ratio was 105 percent. These figures show that the bank has enough funds to meet its financial needs.

Dubai Islamic Bank also reported strong growth in digital banking. The number of registered digital banking users increased by 16 percent compared with the same period last year.

The bank provided AED3.1 billion in sustainable finance during the first half of 2026. It also arranged AED2.1 billion in sustainability-linked financing since the start of the year.