The Islamic Bank of Emirates has reported record profits of 1.86 billion dirhams for the first half of this year, marking a 12% increase compared to the same period last year.
Before tax, the bank achieved a remarkable profit of 2.2 billion dirhams in the first half of 2025, reflecting robust growth momentum.
Total revenues rose by 9% compared to the previous year, reaching 2.9 billion dirhams. This strong growth is attributed to ongoing expansion in both financed and non-financed income streams.
The bank confirmed a 24% increase in total assets, reaching 138 billion dirhams during the first half of 2025. Additionally, financing activities for clients grew to 80 billion dirhams, which is a 13% rise in this period.
Customer deposits increased to 97.4 billion dirhams, a 27% growth in the first half of 2025. Current and savings account balances now represent 65.5% of total deposits.
Hisham Abdullah Al Qasim, Chairman of Emirates Islamic, stated, “Emirates Islamic achieved pre-tax profits of 2.2 billion dirhams in the first half of 2025, an increase of 19% compared to the same period last year. The net profit margin stood at 3.74%, with operational profit rising by 6% year-over-year.”
He further noted, “As the UAE’s economy continues to thrive, Emirates Islamic is proud to play a vital role in the country’s growth journey. The bank successfully issued unsecured sukuk worth 750 million dollars in the first half of 2025, which received significant interest from both regional and international investors.”
Faris Mulla, CEO of Emirates Islamic, added, “The growth momentum has persisted for Emirates Islamic in the first half of 2025, with total income reaching 2.9 billion dirhams, up 9% from the previous year, fueled by increases in both financed and non-financed income.”
There was a substantial rise in total assets by 24% to 138 billion dirhams, while financing provided to clients increased by 13% to 80 billion dirhams. Customer deposits showed remarkable growth, rising by 27% to 97.4 billion dirhams.