Dubai Islamic Bank posts $1 billion profit in the first half of the year

 Dubai Islamic Bank 

Dubai Islamic Bank posts $1 billion profit in the first half of the year

Dubai Islamic Bank announced a 10 percent increase in net profit to AED 3.7 billion (approximately $1.01 billion) during the first half of this year, compared to the same period last year.

The UAE's largest Islamic bank by assets stated in a disclosure to the Dubai Financial Market that pre-tax profits reached AED 4.3 billion (approximately $1.2 billion), recording a 16 percent year-on-year increase, supported by a rise in operating revenues to AED 6.4 billion (approximately $1.7 billion).

Dubai Islamic Bank continued to achieve sustainable growth in its balance sheet, which expanded by 8 percent since the beginning of the year to exceed AED 373 billion, or more than $100 billion. Net financing assets increased by 12 percent to AED 237 billion, while customer deposits increased by 14 percent to AED 284 billion.

Mohammed Ibrahim Al Shaibani, Director-General of the Ruler's Court of Dubai and Chairman of Dubai Islamic Bank, said: "Dubai Islamic Bank has maintained its outstanding performance through sound governance and a firm commitment to providing value-based banking services. The bank's first-half results reflect a legacy of progress, the result of five decades of alignment and commitment to the country's national development agenda."

He added: "This year marks a milestone in that journey. Since its inception in 1975, Dubai Islamic Bank has evolved into a leading Islamic financial institution, with a market capitalization exceeding AED 65 billion and assets of AED 370 billion. In the first half of 2025, the bank's total assets exceeded $100 billion. This is an indicator not only of the scale of its business but also of its ability to adapt and respond quickly to the ever-changing global landscape."

For his part, Dr. Adnan Chilwan, CEO of Dubai Islamic Group, said: "Despite the economic volatility witnessed in the markets, the bank achieved a remarkable 16 percent growth in pre-tax profits. With the introduction of corporate tax for the first time this year, the bank continued its strong and distinguished performance, achieving net profits after corporate tax of AED 3.7 billion."