Dubai Islamic Bank (DIB) has reported a net profit of AED3.7 billion for the first half of 2025, marking a 10% year-on-year increase, supported by strong growth in financing, deposits, and improved asset quality. The bank also surpassed a key milestone, with total assets crossing the USD100 billion mark — equivalent to AED373 billion, an 8% increase year-to-date (YTD).
Pre-tax profit rose 16% to AED4.3 billion, with operating revenue reaching AED6.4 billion, reflecting the bank’s resilience despite new corporate tax implementation and global economic headwinds.
“Despite the volatilities around, we delivered a significant 16% rise in pre-tax profit,” said Dr. Adnan Chilwan, Group CEO of DIB. “Our post-tax profit of AED3.7 billion represents solid double-digit growth in a transitioning fiscal environment.”
Robust Growth Across Financing And Deposits
DIB’s net financing assets rose 12% YTD to AED237 billion, driven by demand across both consumer and wholesale segments. The bank saw contributions from sovereign, utility, and aviation sectors in its cross-border and domestic portfolios.
- Sukuk portfolio expanded 9% YTD to AED89 billion, primarily comprising high-rated sovereigns and financial institutions
- Customer deposits increased 14% YTD to AED284 billion, driven by strong acquisition and retention strategies
- Cost of risk continued to improve, reflecting enhanced asset quality and prudent credit underwriting
Strategic Milestone: Crossing USD100 Billion In Total Assets
Chairman Mohammed Ibrahim Al Shaibani, also Director-General of His Highness The Ruler’s Court of Dubai, highlighted the significance of the bank’s growth trajectory.
“This year marks a defining milestone. Since its founding in 1975, DIB has evolved into a leading Islamic financial institution. Surpassing $100 billion in total assets is not only a marker of scale but also of adaptability,” he said.
DIB’s market capitalisation currently exceeds AED65 billion, with the bank continuing to align its long-term strategy with Dubai’s economic development agenda. The bank has remained committed to value-based banking, while maintaining strong governance and operational efficiency.
Tax Transition Managed Effectively
The results come in the wake of the UAE’s new corporate tax regime, which came into effect this year. Despite this change, DIB maintained strong post-tax profitability, showcasing operational agility and tax strategy alignment.
DIB’s performance strengthens its position as one of the top Islamic banks globally and underscores the UAE’s growing influence in the Shariah-compliant finance sector.
–Input WAM
