Emirates Islamic reported a record profit before tax of AED 2.2 billion for the first half of 2025, marking a 19% increase year-on-year. The bank’s total income rose by 9% to AED 2.9 billion, supported by growth in both funded and non-funded income streams. Customer financing reached AED 80 billion, up by 13%, while customer deposits increased by 27% to AED 97.4 billion. Current and Savings Account balances now make up 65.5% of total deposits.
Operating profit improved by 6% year-on-year, with net profit increasing to AED 1.863 billion, a rise of 12%. The net profit margin stood at a healthy 3.74%. Expenses were up by 15%, reflecting ongoing investments aimed at supporting future growth.
The bank’s total assets grew by 24% to AED 138 billion during the period. Credit quality remained stable with a non-performing financing ratio at 2.8% and a coverage ratio of nearly 160%. Emirates Islamic’s capital position also stayed strong, with a Common Equity Tier 1 ratio at 17.4% and an overall capital adequacy ratio at 18.5%.
Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, said:
“Emirates Islamic has reported a record profit before tax of AED 2.2 billion for the first half of 2025, increasing 19% year-on-year. The net profit margin stands healthy at 3.74%, while operating profit improved by 6% year-on-year.
Emirates Islamic continues to deliver strong results and accomplish its key objectives with an increasing focus on technology, new services and sustainability. We remain committed to strengthening our digital offerings to our individual, SME and corporate customers by consistently making strategic investments in technological solutions.
With the UAE’s economy continuing to be buoyant, Emirates Islamic is proud to play an integral part in the nation’s growth story. The bank successfully issued a USD 750 million Senior Unsecured Sukuk in the first half of 2025, received positively by the regional and global investor community. This milestone emphasises the increasing recognition of Emirates Islamic among the global investor community as Islamic banking continues to see strong growth globally while delivering increasingly sophisticated products. Emirates Islamic is committed to ensuring the proceeds are used to help in the growth of the UAE economy.
We recently partnered with Leonteq Securities AG to expand the bank’s Shariah-compliant Wealth Management offerings and signed an agreement with DURAR OCTA to facilitate financial management for an upcoming luxury real estate project in Ras Al Khaimah.
The bank has received due recognition for its performance and leadership in the Islamic banking sector by winning a number of prestigious global awards in the first half of 2025. At the Euromoney Islamic Finance Awards, the bank won the award for ‘The World’s Best Islamic Digital Bank’ and seven other awards while at the Global Finance – Best Islamic Financial Institutions Awards the bank won the awards for‘Best Islamic Corporate Bank in the World’ and ‘Best Islamic Financial Institution in the UAE’.
As a bank deeply rooted in the UAE, we are committed to the ongoing career growth of UAE Nationals at Emirates Islamic. With an Emiratisation rate of 42.3%, we continue with our efforts to attract and develop Emirati talent to become the future leaders of the country.”
Farid AlMulla, Chief Executive Officer at Emirates Islamic added:
“Emirates Islamic’s growth momentum continued in the first half of 2025, with total income at AED 2.9 billion, increasing by 9% year-on-year driven by higher funded and non-funded income.
Total assets increased significantly by 24% to AED 138 billion during first half of 2025, while Customer Financing increased by 13% to AED 80 billion. Customer Deposits have shown remarkable growth, rising by 27% to AED 97.4 billion with Current and Saving Account balances at 65.5% of deposits.
During the first six months of the year,the bank reinforced its ongoing commitment to community empowerment and financial inclusion throughIslamic Bankingby introducingthe ALPHA Youth Account.The solution encourages parents t o empower their children with essential financial literacy skillsand introduce themto financial independenceat an early age.
EmiratesIslamic strengthened its dedicationto banking excellenceand empowering SMEs ,while contributing totheUAE’sthriving business ecosystem ,by launchingthe Business Banking Diamond Account ,craftedfor high-valueSMEs .
We continue t o secure strategic partnerships that drive digital innovation t o enhance customer experiences .EmiratesIslamic recently partneredwiththe Sharjah Real Estate Registration Departmentt o enhancethe efficiencyof real estate registrationand financing procedures .
EmiratesIslamic recognisesits workforce asa foundational pillarof success .Thebank launched several specific initiativesfor employees includingthe “Let ’s Create Bankers Initiative ”which supports learning ,development,andgrowthof selected Emarati talentacrossbusiness ;andthe “EI Ambassadors Programme ”that focuseson collaborationbetweenthebankandexternal partnersforsustainability activities .”
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