Dubai Islamic Bank announced its financial results for the first half of 2025, reporting a 16% year-on-year increase in pre-tax profits, reaching 4.3 billion dirhams. This growth was supported by a 5% rise in revenues, reflecting strong performance across all business sectors. The net profit rose to 3.7 billion dirhams, underpinned by sustained operational momentum and an improvement in risk cost management. Notably, impairment losses saw a significant reduction of 61% year-on-year, down to 256 million dirhams, further enhancing profitability.
The bank’s balance sheet expanded by 8% since the start of the year, totaling 373 billion dirhams, while net financing assets increased by 12% to reach 237 billion dirhams.
The sukuk portfolio grew by 9%, amounting to 89 billion dirhams, and customer deposits rose to 284 billion dirhams, marking a 14% increase.
The bank’s customer base in the UAE surpassed 1.6 million, reflecting a 4% rise, with 80% of new clients onboarded through digital channels.
A Historic Year
In alignment with the UAE’s national agenda aimed at mobilizing one trillion dirhams for sustainable projects by 2030, Dubai Islamic Bank has continued to broaden its portfolio of sustainable assets. In the first half of 2025, the bank facilitated financing amounting to 2.7 billion dirhams and supported nearly 14 billion dirhams in sukuk issuances in the fields of sustainability and environmental initiatives.
This year, Dubai Islamic Bank marked its 50th anniversary, a milestone that reflects five decades of leadership in providing sharia-compliant banking services. Since its inception in 1975, the bank has played a pioneering role in shaping the global Islamic financial landscape and now serves over 5 million clients worldwide. Additionally, the year saw the launch of the bank’s new corporate identity, embodying a vision focused on innovation, sustainability, and purposeful growth.
Sustainable Growth
Mohammed Al Shaibani, Director General of the Dubai Ruler’s Court and Chairman of Dubai Islamic Bank, stated, “The strength of an economy is measured by its ability to achieve sustainable, responsible growth while adhering to its core principles and maintaining stability amidst rapid changes. The UAE has consistently exemplified these qualities, serving as a model for resilience and foresight, backed by prudent leadership that balances ambition with objectives within a shifting global landscape.”
In this context, the financial sector continues to play a crucial role in reinforcing these foundations and supporting development efforts. Dubai Islamic Bank has maintained exemplary performance through sound governance and a steadfast commitment to providing value-driven banking services. The results achieved in the first half of the year are a testament to five decades of dedication and alignment with the national development agenda.
Al Shaibani added, “This year represents a significant milestone in our journey. Since its founding in 1975, Dubai Islamic Bank has evolved into a leading Islamic financial institution with a market capitalization exceeding 65 billion dirhams and total assets of 373 billion dirhams. In the first half of 2025, the bank’s total assets exceeded 100 billion dollars, showcasing not only its operational scale but also its adaptability and rapid response to the ever-changing global landscape. This progress underscores the strength of the bank’s long-term strategy based on trust, resilience, and clarity of objectives.”
He continued, “As we reflect on the past fifty years, I am fully confident in Dubai Islamic Bank’s capability to navigate the evolving financial landscape. The bank’s robust governance, long-term vision, and unwavering commitment to responsible growth ensure its strong position for delivering sustained value to all stakeholders.”
The journey of Dubai Islamic Bank has been anchored in trust and teamwork, and this enduring legacy will continue to guide our steps towards a brighter and more prosperous future in the years ahead.
Dr. Adnan Chilwan, CEO of Dubai Islamic Bank Group, remarked, “Our performance in the first half of the year reflects steadfast discipline in execution and full alignment with the growth strategy we set at the outset. Surpassing 100 billion U.S. dollars in total assets is not just a numeric milestone; it signifies a deep-rooted institutional will and a testament to our disciplined execution within the framework of a long-term strategy aimed at establishing a benchmark for global standards.”
He pointed out that despite the economic fluctuations in the markets, the bank achieved remarkable growth of 16% in pre-tax profits, exceeding 4.3 billion dirhams. Additionally, with the implementation of corporate tax for the first time this year, the bank maintained its strong performance, achieving a net profit after tax of 3.7 billion dirhams, reflecting a robust growth of 10%.