Dubai Islamic Bank reported a net profit after tax of AED1.799 billion for the first quarter of 2026, broadly unchanged from AED1.798 billion recorded in the same period last year, as stronger revenues and operating performance offset margin pressures.
Net profit before tax rose 1 percent year-on-year to AED2.126 billion, while operating revenues climbed 13 percent to AED3.548 billion. Operating profit increased 12 percent to AED2.546 billion, reflecting improved core business performance.
The bank’s balance sheet remained robust, with total assets reaching AED419.9 billion by the end of March 2026. Customer deposits stood at AED322 billion, marking a modest 1 percent increase since the start of the year.
Income diversification continued to support overall performance. Funded income grew 5 percent year-on-year to AED2.3 billion, while non-funded income surged 30 percent to AED1.249 billion, highlighting stronger contributions from fee-based and ancillary services.
Liquidity and capital metrics remained comfortably above regulatory thresholds. The bank reported a liquidity coverage ratio of 121 percent and a net stable funding ratio of 106 percent, while its Common Equity Tier 1 (CET1) ratio stood at 12.6 percent. The overall capital adequacy ratio reached 15.8 percent, providing a solid buffer to support future growth.
Mohammed Ibrahim Al Shaibani said the results reflect the resilience of the UAE economy and the bank’s consistent strategy. He highlighted that net financing assets and sukuk investments reached AED364 billion, underscoring the institution’s scale and role in supporting economic activity.
Adnan Chilwan added that the bank entered 2026 with strong momentum, pointing to a more balanced income structure. He noted that growth across both funded and non-funded income streams reflects an expanding business scope and increasing diversification.
The results underline Dubai Islamic Bank’s stable earnings trajectory, supported by strong fundamentals, disciplined execution, and a diversified revenue base amid a steadily evolving banking landscape.
With inputs from WAM
