The Emirates Islamic Bank has reported a record profit of 1.8 billion AED for the first half of this year, reflecting a 12% increase compared to the same period last year.
In the first half of 2025, Emirates Islamic achieved a pre-tax profit of 2.2 billion AED, marking a robust growth momentum. Total revenues climbed by 9% year-on-year to reach 2.9 billion AED, driven by a continuous expansion in both funded and non-funded income streams. The bank’s financing to customers increased by 13% to 80 billion AED, while customer deposits saw exceptional growth of 27%, bringing the total to 97.4 billion AED. Current and savings account balances now represent 65.5% of total deposits. These results underline Emirates Islamic’s position as one of the leading Islamic banks in the UAE.
Key Financial Highlights for H1 2025:
• Total income rose by 9% compared to the same period last year due to increased funded and non-funded income.
• Expenses increased by 15% year-on-year, reflecting ongoing investments to drive growth.
• Provisions for impairment recorded at 136 million AED.
• Operating profits grew by 6% compared to the same time last year.
• Net profit reached 1.863 billion AED, up 12%.
• The net profit margin stands strong at 3.74%.
• Total assets increased by 24% to 138 billion AED during the first half of 2025.
• Financing activities for customers rose to 80 billion AED, a 13% increase in H1 2025.
• Customer deposits grew to 97.4 billion AED, marking a 27% rise in H1 2025; current and savings accounts constitute 65.5% of total deposits.
• Credit quality: Non-performing financing accounts stood at 2.8% with a strong coverage ratio of 159.9%.
• Capital: The Common Equity Tier 1 ratio is 17.4%, while the total capital adequacy ratio is 18.5%, indicating the bank’s strong and stable capital position.
• The financing-to-deposit ratio stands at 82%, within the bank’s targeted range.
Hisham Abdullah Al Qasim, Chairman of Emirates Islamic, stated: “Emirates Islamic has reported a pre-tax record profit of 2.2 billion AED in the first half of 2025, an increase of 19% compared to the same period last year. The net profit margin is 3.74%, while operating profit grew by 6% year-on-year.”
He added that Emirates Islamic continues to achieve strong results and meets its key objectives with a dedicated focus on technology and new services while enhancing sustainability. We remain committed to developing our digital offerings for individual clients, small and medium enterprises, and institutions through ongoing strategic investments in advanced technology solutions.
As the UAE’s economy continues to prosper, Emirates Islamic takes pride in playing a vital role in the growth journey of the nation. The bank successfully issued unsecured sukuk worth $750 million in the first half of 2025, receiving significant recognition and demand from investors both regionally and internationally. This achievement underscores the growing acknowledgment of Emirates Islamic among global investors, as Islamic banking steadily gains traction worldwide. We are committed to ensuring that the proceeds from this issuance contribute to the growth of the UAE’s economy.
Recently, we partnered with Liontec Securities to expand Sharia-compliant wealth management services, and signed an agreement with Durrar Okta to facilitate the financial management of a luxury real estate project in Ras Al Khaimah.
The bank has received deserved recognition for its performance and leadership in the Islamic banking sector by winning several prestigious global awards in the first half of 2025, including the “Best Islamic Digital Bank in the World” at the Euromoney Islamic Finance Awards, along with seven other awards, and it secured the titles of “Best Islamic Bank for Corporate in the World” and “Best Islamic Financial Institution in the UAE” at the Global Finance Awards.
As a deeply rooted bank in the UAE, we are committed to fostering the continuous professional development of UAE nationals at Emirates Islamic. With a nationalization rate of 42.3%, we continue efforts to attract and develop Emirati talents to become future leaders in the country.
Faisal Al-Mulla, CEO of Emirates Islamic, noted that the growth momentum continued in the first half of 2025, with total income reaching 2.9 billion AED, a 9% increase year-on-year driven by higher funded and non-funded income.
Total assets significantly increased by 24% to 138 billion AED during the first half of 2025, while financing provided to clients rose by 13% to 80 billion AED. Customer deposits exhibited remarkable growth, up 27% to 97.4 billion AED, with current and savings account balances representing 65.5% of total deposits.
Throughout the first six months of the year, the bank reinforced its commitment to community empowerment and financial inclusion through Islamic banking by introducing the Alpha account for youth, encouraging parents to help their children acquire basic financial literacy skills and introduce them to financial independence at an early age.
Emirates Islamic has also strengthened its commitment to banking excellence and empowering small and medium enterprises, contributing to the thriving business ecosystem in the UAE by launching the Diamond account for business banking, specifically designed for high-value SMEs.
We continue to focus on strategic partnerships that drive digital innovation, enhancing the customer experience. Recently, Emirates Islamic partnered with the Sharjah Land Registration Department to enhance the efficiency of property registration and financing procedures.
Moreover, Emirates Islamic recognizes that its staff are a fundamental pillar of success. The bank has launched numerous initiatives aimed at its employees, including the “Let’s Create Bankers” initiative, supporting the learning and development of selected Emirati talents across various business sectors, and the “Emirates Islamic Ambassadors Program,” which focuses on collaboration between the bank and external partners in various activities to achieve sustainability.