Dubai Islamic Bank Achieves AED 3.7 Billion Net Profit In First Half Of 2025

Dubai Islamic Bank (DIB) reported strong financial results for the first half of 2025. The bank's operating revenue reached AED 6.4 billion, leading to a 16% year-on-year rise in pre-tax profit, totalling AED 4.3 billion. This growth was driven by increased financing and deposits, along with enhanced asset quality, pushing the balance sheet beyond USD 100 billion.

The bank's net profit climbed to AED 3.7 billion, reflecting ongoing core business momentum and an improved cost of risk. The balance sheet expanded by 8% year-to-date to AED 373 billion, surpassing the USD 100 billion milestone. Net Financing Assets rose by 12% year-to-date to AED 237 billion, indicating strong demand across key customer segments.

Both local and international businesses contributed to growth in sectors like sovereigns, utilities, and aviation on the wholesale front. The consumer business also saw solid growth across all product lines. The Sukuk portfolio increased by 9% year-to-date to AED 89 billion, mainly consisting of high-quality sovereigns and financial institutions.

Customer deposits grew by 14% year-to-date to AED 284 billion, supported by strong customer acquisition and retention efforts. Mohammed Ibrahim Al Shaibani, Director-General of His Highness The Ruler’s Court of Dubai and Chairman of DIB, stated that the financial sector is crucial in reinforcing economic foundations.

Al Shaibani noted that DIB has maintained its performance through sound governance and a commitment to value-based banking. "The results delivered in the first half of the year reflect a legacy of progress shaped by five decades of alignment with the nation’s development agenda," he said.

This year marks a significant milestone for DIB since its founding in 1975. The bank has evolved into a leading Islamic financial institution with over AED 65 billion in market capitalisation and AED 370 billion in assets. In the first half of 2025, it surpassed $100 billion in total assets.

Leadership Insights

Dr. Adnan Chilwan, Group Chief Executive Officer of DIB, commented on the bank's performance amidst market volatilities: "Despite the volatilities around we delivered a significant 16% rise in pre-tax profit which exceeded AED 4.3 billion." He acknowledged that while corporate tax introduction adds complexity, post-tax profit remained robust at AED 3.7 billion, marking a solid increase of 10%.

This achievement highlights not only scale but also adaptability to respond to global changes. It confirms the strength of a long-term strategy grounded in trust and resilience.

With inputs from WAM