DUBAI, United Arab Emirates — Dubai Islamic Bank reported a net profit after tax of AED3.736 billion for the first half of 2026, broadly unchanged from AED3.73 billion a year earlier. Gross revenue rose 10% year-on-year to AED12.439 billion, supported by growth across funded and non-funded income streams, according to a statement cited by the Emirates News Agency (WAM).
What was Dubai Islamic Bank's net profit in H1 2026?
DIB's net profit stayed nearly flat at AED3.736 billion, while pre-tax profit rose 1% year-on-year to AED4.334 billion. Operating profit increased 6% to AED4.823 billion over the same period. Net financing assets expanded 7% since the start of the year to AED281 billion, including AED43 billion in new financing extended during the half.
How did DIB's deposits and assets perform?
Customer deposits increased 2% to AED327 billion during the first half of 2026. Total assets reached AED423 billion, reflecting the growth in financing and deposits recorded across the period. The bank said the gains came despite a challenging operating environment.
What did DIB's chairman say about the results?
Chairman Mohammed Ibrahim Al-Shaibani said the first half of 2026 unfolded amid geopolitical developments, changing interest rate expectations and shifts in market confidence. He said the United Arab Emirates remained resilient, supported by economic diversification, policy execution and the strength of its financial system. Al-Shaibani noted that Dubai's gross domestic product reached AED232 billion in the first quarter of 2026, up 2.4% from a year earlier.
Al-Shaibani said DIB's performance reflected its governance, balance sheet strength and capital allocation approach. He added that the bank's issuance of $1 billion in Additional Tier 1 sukuk demonstrated its access to international capital markets and supported future growth.
What did DIB's CEO say about the performance?
Group Chief Executive Officer Dr. Adnan Chilwan said revenue growth was driven by funded and non-funded income streams, alongside continued demand for the bank's Sharia-compliant products and services. He said operating profit reached AED4.8 billion, pre-tax profit AED4.3 billion and post-tax profit AED3.7 billion during the period, with pre-tax return on tangible equity remaining close to 20%.
Chilwan said financing demand across consumer and wholesale banking supported balance sheet growth. He added that the bank's non-performing financing ratio improved to 2.4%, while cost of risk stood at 28 basis points and cash coverage reached 122%.
What is DIB's capital and liquidity position?
DIB said its Common Equity Tier 1 ratio stood at 13.0%, while the capital adequacy ratio reached 16.1%. The liquidity coverage ratio was 140% and the net stable funding ratio stood at 105%. These metrics indicate the bank maintained capital buffers well above regulatory minimums during the period.
How is DIB's digital and sustainable finance business growing?
DIB reported growth in digital banking, with registered digital banking users increasing 16% year-on-year. The bank also said it provided AED3.1 billion in sustainable finance and AED2.1 billion in sustainability-linked financing since the start of the year. Both figures point to continued expansion in the bank's digital and sustainability-focused offerings.
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