Emirates Islamic delivered a record AED 2.2 billion profit before tax for the first half of 2025, marking a 19% year-on-year increase and reinforcing its position as one of the UAE’s leading Islamic financial institutions.
The performance was driven by strong growth in income, customer financing, and deposit inflows.
Total income rose to AED 2.9 billion, up 9% compared to the same period last year, supported by gains across both funded and non-funded income streams. Customer financing grew 13% to AED 80 billion, while customer deposits surged by 27% to AED 97.4 billion. Current and savings account balances now make up 65.5% of the deposit base, further strengthening the bank’s low-cost funding profile.
Net profit for the period stood at AED 1.863 billion, up 12% year-on-year, with a healthy net profit margin of 3.74%. Operating profit improved by 6%, even as expenses rose by 15% due to continued investments in growth and technology.
Chairman Hesham Abdulla Al Qassim highlighted the bank’s robust performance and ongoing digital transformation.
We are focused on empowering customers through enhanced digital offerings and remain committed to sustainable growth. The successful issuance of a USD 750 million Senior Unsecured Sukuk and multiple global recognitions reflect growing investor and market confidence in Emirates Islamic.
The bank expanded its Shariah-compliant wealth management offerings through a partnership with Leonteq Securities AG and collaborated with DURAR OCTA on financial services for a major real estate project in Ras Al Khaimah. It also introduced new banking solutions, including the ALPHA Youth Account to promote financial literacy among the younger generation, and the Business Banking Diamond Account designed for high-value SMEs.
Emirates Islamic’s total assets increased by 24% to AED 138 billion in the first half of the year. The bank maintained a non-performing financing ratio of 2.8% and a strong coverage ratio of 159.9%. Its capital adequacy ratio stands at 18.5%, with a Common Equity Tier 1 ratio of 17.4%.
CEO Farid AlMulla emphasised the bank’s dual focus on financial performance and community engagement.
We are deepening customer trust through innovation and inclusivity. Initiatives like the ‘Let’s Create Bankers’ program and the ‘EI Ambassadors’ platform further invest in Emirati talent and sustainability partnerships.
As Emirates Islamic continues to lead in digital transformation and Islamic finance, its strategic growth across consumer, SME, and corporate segments positions it well to support the UAE’s economic ambitions.
News Source: Dubai Media Office
