Emirates Islamic has reported a record quarterly profit of over AED1 billion for the first time, marking a 24% year-on-year increase in Q1 2025.
This milestone underscores the bank’s strong financial momentum amid continued positive business sentiment in the UAE.
The bank’s total income rose 8% to AED1.45 billion, driven by growth in both funded and non-funded income streams. Operating profit also climbed 5% compared to the same period last year, while the net profit margin remained healthy at 3.85%.
Supporting this growth, Emirates Islamic saw its total assets increase by 11% to AED123 billion. Customer financing rose 7% to AED75 billion, while customer deposits grew by 8%, reaching AED83 billion.
The solid results reflect the bank’s effective strategy and its ability to capitalise on a stable economic environment.
News Source: Emirates News Agency
