Dubai Islamic Bank (DIB), listed on the Dubai Financial Market (DFM) under the ticker symbol (DIB) , a leading global Islamic financial group and the largest in the UAE, announced strong financial performance for the first half of 2020, reflecting the strength of its diversified business base and the disciplined execution of its corporate strategy. As a result, the bank recorded a 10% year-on-year increase in total revenues to AED 12.4 billion, while net financing assets grew by 7% year-on-year to AED 281 billion, and customer deposits reached AED 327 billion. The bank continued to strengthen its balance sheet, with ongoing improvements in asset quality and capital ratios, and maintained stable profitability, enhancing its potential for sustainable growth and value creation.

Key financial results for the first half of 2026

Revenue and Profitability

• Operating revenues increased by 10% year-on-year to AED 12.4 billion, supported by sustained growth across both financing and non-financing income streams.
• Operating profit rose 6% year-on-year to AED 4.8 billion, supported by revenue growth and continued operational efficiency.
• Pre-tax profits reached AED 4.3 billion, while the pre-tax return on tangible equity remained close to 20%, reflecting the resilience and sustainability of the bank’s profit sources.

Balance sheet growth

• Net financing assets have increased by 7% since the beginning of the year to AED 281 billion, supported by strong demand across both retail and corporate banking sectors, with total new financing of AED 43 billion recorded during the period.
• This continued growth reflects the strength of the bank’s corporate excellence and its ability to meet and support customers across various key business sectors.
• Customer deposits have increased by 2% since the beginning of the year to reach AED 327 billion, supported by continued momentum in attracting customers and growth in current and savings account balances, which reached AED 112 billion, an increase of more than 1% since the beginning of the year.

Improved asset quality

• Asset quality continued to improve, with the non-performing loan ratio falling to 2.4%, a decrease of 30 basis points since the beginning of the year.
• The cost of risk remained at a low level of 28 basis points, reflecting the quality and strength of the financing portfolio.
• The cash coverage ratio also maintained its strong level at 122%, up by 200 basis points since the beginning of the year, while the overall coverage ratio remained stable at 158%.

Capital strength and liquidity

• Dubai Islamic Bank maintained a strong capital position, with a Common Equity Tier 1 ( CET1 ) ratio of 13.0% and a Capital Adequacy Ratio ( CAR ) of 16.1%, reflecting disciplined capital management and the bank’s strong ability to generate capital from its internal resources.
• The bank also continued to maintain strong levels of liquidity reserves, with regulatory ratios remaining well above regulatory requirements, with a Liquidity Coverage Ratio ( LCR ) of 140% and a Net Stable Funding Ratio ( NSFR ) of 105%.
• The bank’s funding base was strengthened by the continued growth of customer deposits, current account balances and savings accounts.

Key business updates and strategic implementation

Growth in retail banking services:

• The retail banking sector continued to achieve strong growth, with the portfolio recording a 12% increase since the beginning of the year to reach AED 86 billion, supported by widespread demand for various financing products.
• Personal finance volumes increased by 30% year-on-year, with the portfolio exceeding AED 30 billion, reinforcing Dubai Islamic Bank’s leading position in the UAE personal finance market.
• Deposits from retail banking customers reached AED 91 billion, an increase of 5% since the beginning of the year, with the bank maintaining a strong mix of current and savings accounts at 44%, which supports the stability of funding sources and the strength of the balance sheet.
• The bank also continued to strengthen its customer base through strategies based on quality recruitment and deepening communication with them, as the DIB X TRA salary transfer campaigns contributed to strengthening basic banking relationships with customers and supporting the sustainable growth of the business base.

Growth in corporate banking services:

• Financing assets for the local and cross-border banking sector reached AED 186 billion, up by more than 5% since the beginning of the year, reflecting continued strong demand from companies and institutions.
• Corporate deposits rose to AED 213 billion, supported by a diversified funding base, while current and savings account balances accounted for 26% of total corporate deposits.
• Dubai Islamic Bank has also strengthened its leadership in Islamic capital markets, through participation in Sukuk issuances exceeding US$20 billion, in addition to arranging syndicated financing worth nearly US$6 billion for sovereign entities, government-related entities, companies, and financial institutions.

Progress in digital banking services:

• The bank recorded record levels in attracting customers through digital channels, with the number of those registered for digital banking services increasing by 16% year-on-year.
• During the first half of 2026, 83% of new current and savings account customers were attracted through digital channels, which contributed to reducing transaction times, enhancing the efficiency of Know Your Customer ( KYC ) procedures, and improving the overall customer onboarding experience.
• Digital channels also maintained high usage levels, with 55% of customer transactions completed via the Dubai Islamic app, while 98 % of customers conducted their transactions through digital channels during the period.

Treasury durability

• Dubai Islamic Bank successfully issued $1 billion in perpetual, non-callable, six-year Additional Tier 1 (AT1) sukuk, which saw strong demand from investors specializing in Islamic banking, reflecting continued confidence in the bank’s credit fundamentals and market leadership.

An integrated platform for customers focused on sustainability

• Dubai Islamic Bank has provided AED 3.1 billion in sustainable financing, in addition to AED 2.1 billion in sustainability-related financing since the beginning of the year.
• The bank also launched sustainability guidance services, as a leading platform aimed at supporting customers through specialized advisory services, enhancing their readiness to obtain and benefit from financing, and providing financing structures that help them implement transformation and sustainability plans.

Performance in revenue and profits:

• The growth in total revenues was supported by a 10% year-on-year increase in net financing income to AED 10.2 billion, along with a 7% year-on-year growth in non-financing income to AED 2.2 billion.
• The net profit margin settled at 2.4%, down 30 basis points year-on-year and 10 basis points quarter-on-quarter, mainly due to the continued rise in funding costs across the banking sector.
• The bank maintained a cost-to-income ratio at a highly competitive level in the sector, at 29.0%, reflecting discipline in cost management and continued operational efficiency.
• Profitability continued its strong performance, with pre-tax profits rising 1% year-on-year to AED 4.3 billion, while post-tax profits remained stable at AED 3.7 billion.

Balance sheet strength

• Dubai Islamic Bank’s balance sheet continued its growth during the first half of 2026, with total assets increasing by 2% since the beginning of the year to reach AED 423 billion , supported by continued strong momentum across the bank’s various business sectors.
• Net financing assets rose by a robust 7% year-to-date to AED 281 billion , supported by strong demand for financing across both retail and corporate banking sectors, with total new financing of AED 43 billion recorded during the first half of 2026.
• Customer deposits have increased by 2% year-to-date to AED 327 billion , supported by continued customer attraction and growth in current and savings account balances.
• Asset quality continued to improve, with the non-performing loan ratio improving to 2.4% , while coverage ratios remained strong and healthy.

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About Dubai Islamic

يعد "دبي الإسلامي"، الذي تأسس في عام 1975، أكبر بنك إسلامي في دولة الإمارات العربية المتحدة من حيث الموجودات وشركة مساهمة عامة ومدرجة في "سوق دبي المالي". ويقود البنك تطور قطاع التمويل الإسلامي العالمي، كأول بنك إسلامي متكامل الخدمات وواحد من أكبر البنوك الإسلامية على مستوى العالم. وتمتد منظومة البنك عبر دولة الإمارات العربية المتحدة وباكستان وتركيا وإندونيسيا وكينيا والسودان والبوسنة، لتخدم أكثر من 11 مليون متعامل، في انعكاس واضح لحجم أعماله المتنامي ومكانته الموثوقة. وتتمتع المجموعة بموجودات تصل إلى نحو 110 مليار دولار أمريكي وقوى عاملة للمجموعة تصل إلى 12,000 موظف وأكثر من 540 فرع تقريبًا ضمن شبكة عالمية تمتد عبر الشرق الأوسط وآسيا وأفريقيا. يوفر دبي الإسلامي لقاعدة متعامليه التي تضم الأفراد والشركات والمؤسسات مجموعة متنامية من المنتجات والخدمات المبتكرة المتوافقة مع أحكام الشريعة الإسلامية، مستفيداً من نطاقه الواسع وشبكته المتكاملة. يتمتع دبي الإسلامي بحضور عالمي قوي كلاعب رئيسي في الترويج للخدمات المالية المتوافقة مع الشريعة الإسلامية عبر أسواق مختلفة حول العالم. Dubai Islamic Bank (DIB) established Pakistan Limited, a wholly owned subsidiary and the first Islamic bank in Pakistan to offer Platinum and Premium Banking services. It also expanded into the Far East with the launch of Banin Dubai Shariah Bank in Indonesia, acquiring a stake of over 25% in the Indonesian bank. This was followed by the establishment of a subsidiary in Kenya, Dubai Islamic Bank Kenya Limited. DIB has been ranked among the most important banks in the UAE's domestic financial system, and its acquisition of Noor Bank marked a significant milestone, solidifying DIB's position as a leading institution in the global Islamic finance sector. Furthering its international strategy, DIB recently acquired a 25% minority stake in TOM Group, a digital banking provider in Turkey.

The bank's primary objective is to establish Islamic finance as a leading and independent model, rather than simply an alternative to conventional banking services, worldwide. It has received numerous prestigious awards, a testament to its efforts across various areas, including retail and corporate banking, investment banking, advisory services, and its contributions to corporate social responsibility. Its recognition as "Best Islamic Bank" in various forums underscores its pioneering position in the Islamic finance sector. As a leading financial institution, Dubai Islamic Bank is committed to seizing the opportunities and challenges associated with integrating sustainability into its operations by offering sustainable products and services and reinforcing its vital role in supporting environmental and social initiatives. 2025 was a significant year for Dubai Islamic Bank as it celebrated its Golden Jubilee, inspiring a new and forward-looking vision to continue building on its legacy of success in the years to come.

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